Long

OXT/USD

By brendanlonson

Updated

Head and Shoulders breakout solid candle on the daily chart.

Note

On the 4hr:

Note

On binance.us, pretty strong H&S pattern. Waiting to shatter 0.8 resistance to soar.
4hr

daily

Note

Tradingview doesn't show it for some reason, but on Binance.us, on March 10, OXT got wicked down near the 0.2 Support level and up to the 0.8 resistance in one day, making that entire area done for essentially. Very strong support from 0.4 to 0.2, the selling did not sustain long at all. That move was followed by a week of buying between 0.55 and 0.65. Now we have breakout to upside with 0.8 resistance seemingly weaker than 0.2 support. In other words, more people are buying at higher levels than selling at lower levels. It essentially makes for a stronger breakout if/when 0.8 does get shattered.

brendanlonson

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