This is pure speculation based on probabilities and possibilities. Given where the market structure for OXT was broken and considering Fibonacci retracement levels, price has to touch the 0.618 fib level for initiating a bull market for this asset. That is a 400-500% price increase, which many may say is a far fetched target, but considering past price action, OXT has been able to print a 400% weekly candle when the market cap was much higher than today’s. Considering the low market cap and potential sudden massive trading volume spikes of this asset, I believe we will see 500% weekly candles again, but if you put money in this asset and lose your money, it’s on you. I have already wanrned you that I’m saying these things based on pure speculation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.