OXTUSD wake up and smell the orchids

The OXTUSD chart looks unbelievably bullish. There is a huge amount of resistance between here and the ATH from Aug 2020, which I've marked on the chart based on price action. You can extrapolate from the price action at this point to create a few cup & handle setups with targets in these zones, and I think it makes sense to take a bit of profit at each resistance zone with the goal to reload at slightly lower levels on pullbacks. The real targets, however, are above the all time high. If you draw the uptrend resistance line from the first to the second ATH wicks, it is absolutely valid, but not parallel with the uptrend support. If instead you draw the same line from the first ATH daily close to the second ATH wick, it is unusually parallel to the uptrend support -- I will call this line the uptrend ceiling, and consider it valid. If you play with Fibonacci extensions created from the last impulse cycle, you will find a few fuzzy targets up near the $2 range, almost 10x from the current price. I have marked the confluence of these Fib zones with the uptrend ceiling as super target 1, 2, and 3. These are my primary targets for the year if a bull market in alts materializes in 2021. I have also marked targets 4 and 5 based on distant Fib extensions, but I consider these far less likely to materialize because they are above the uptrend ceiling. In the case of a bearish breakdown, I have also marked some weak anchor targets that weren't picked up in the last cycle. I would honestly be shocked if the price fell below the support levels drawn on the chart, but anything is possible in crypto and stop hunts aren't out of the question. As always, let's see what happens!

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Give it another one or two days at most before the new uptrend starts to become more apparent.

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I do not believe OXT will coil all the way to the tip of the triangle. I expect a breakout and retest in the next few days, maybe the next week at most, followed by strong and continuous upward pressure.

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I'm going to take a calculated risk here and say the final dip inside of downtrend resistance already played out yesterday, and it's pure growth from here. I sold off some of my positions that already surged up this cycle and flipped them into OXT to accumulate a larger position.

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The huge accumulation in this coin is obvious if you look at two things. 1. Monthly volume trends.

and 2. Every time there has been a big pullback in the market over the last month, OXT slightly bucks the trend and moves a few percent up while everything is dropping. This is because during the pullbacks people are trickling their gains from winners into OXT, which causes the price to rise slightly while everything else is selling off. Then the price stays suppressed when everything starts cycling back up again. Patience will pay off here.

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I can already smell the orchids starting to sprout. Organic orchids grow in the spring, but digital orchids grow in February. I'm again selling more of my ripe alts and buying more orchid seeds. This is in my top three right now. Let's go!

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I expect a strong push up to the first super target near ~$1.50 in the next couple of weeks. There's sort of a C&H ascending triangle kind of pattern developing over the last few weeks. Looks bullish to me. Just need to make a higher high and clear above $1 before the real action starts.

swilton

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swilton