OXTBTC Prints Reversal Candle
Updated
OXTBTC just printed a strong reversal candle if we go by "candlestick reading".
Notice the strong candle yesterday, November 18.
This candle is really high volume to close above EMA10 and we have a higher low compared to the candle that was printed a few days before.
When we put these two together, the chances are high that after consolidation, we get to see a price jump.
Conditions for change
If prices for OXTBTC break and close below the red dashed-line (green space), this chart analysis is invalidated.
Trading above this level = bullish. (Green arrows)
Trading below = bearish. (Red arrows)
Namaste.
Notice the strong candle yesterday, November 18.
This candle is really high volume to close above EMA10 and we have a higher low compared to the candle that was printed a few days before.
When we put these two together, the chances are high that after consolidation, we get to see a price jump.
Conditions for change
If prices for OXTBTC break and close below the red dashed-line (green space), this chart analysis is invalidated.
Trading above this level = bullish. (Green arrows)
Trading below = bearish. (Red arrows)
Namaste.
Note
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