Excitement around OXTIts looking like we finally broke out a multi month descending wedge. Will we keep going up? I certainly don't have a crystal ball, but if the break-away plays out, we can see a good pump to about 10 cent levels followed by a continuation to higher levels. Lets see where it goes and how many people fear getting left behind. -- Lets have another FOMO event!
Orchidprotocol
All in on OXT and here is why!Descending wedge with a measurement right to the top trend line Tracking the peaks. This is too perfect to be true. Can this happen during such an oversold market with FUD running rampant? Well, it wouldn't be the first time OXT took off out of no where to $1 leaving everyone on Coinbase with level 10 FOMO. While many people are speculating that BTC can see prices somewhere near 10 to 12k, there are pretty valid arguments that have been made suggesting 20k is likely the bottom. Ironically enough, BTC is also showing the same type of descending wedge on its daily chart. If BTC goes up, it would further incentivize OXT to take off with the upmost aggression.
I will also mention that at the current prices, we could be seeing a perfect level to make massive gains in the months to come. The market will turn tides and when that does, OXT will almost certainly plow through into, what i predict to be around .50 cents mid term and .80 cents to $1 long term.
OXT bullish scenarioOXT at the moment is extremely oversold i believe that we can see a push upwards at any moment. Depth charts show that there isn’t much resistance in order to make it back to the .20 cent level minimum. At the moment, OXT is showing a bullishly biased ascending triangle and if we can break the trend line and close above, we could be in for a decent return to normal levels as seen in the last few years.
OXT Getting ready for LIFT OFF!OXT is an interesting coin in that the charts have always been a little easier to read than most others. OXT is currently in its low ends of the price spectrum, which means people are scooping up coins prepping for the next run up. OXT tends to shoot up out of no where and as you can see in the chart, it seems to pop up roughly every 8 months. If this cycle continues, we may be in for a serious pump here soon. Could we see a pump to .50 cents or could we see a pump to $1 as it has done already in the past? I have a feeling that soon, and by soon i mean in the next month or two, we may be a huge rally on OXT.
Orchid OXTUSD - Back into an area of interest for me. Traders,
I waited patiently. And now? OXT is finally back into an area in which I become interested again. Over the BLACK ascending trendline is definitely a bullish sign! Now, we do need to see confirmation on the daily. Today's candle should close above that black trendline and then I'd like to see another candle open and close above it tomorrow. But all in all, with the bullish price action I am seeing again in crypto world, I expect this to happen. So, here's what I'll look for:
#1 - We hit resistance at 30.8 cents. Now, I'd like to see a retreat.
#2 - A re-test of our previous resistance, now support, at around 28 cents.
#3 - A bounce from there and continued upward price trajectory.
My entry/re-entry area would be around that 28 cents support level. I'll wait patiently and, should I have some funds set aside, I'll enter there. If the price doesn't retreat to that level? I move on. Plenty of opportunities right now. Can hardly keep up!
Best of luck traders!
- Stewdam.us
OXT Bulllish setupOXT has been consolidating since touching resistance area around 80ct.
Now that prices have came back close to the Daily MM100, i would see current price action as buy opportunity between current price and 43.5ct.
Once the MACD Daily will turn green this should confirm the plan to go for 80ct first, then above i would be looking at 1.35$ / 1.70$ and 2.20$.
Same as GTC, REQ or ANKR i could have an impulsive move up, better be in before it happen.
#OXT Orchid 1D ChartOXT hasn't touched the top of the trend line in over 200 days as shown in the chart. RSI seems to be ready for a nice move if the upside comes. Let's see!
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
OXT/USD Weekly Chart, Inverted
Sometimes I like to invert my charts just for a different perspective. If this was top I would be thinking bear , I certainly would be looking for locations too short (but remember the chart is inverted 🐂). Perhaps the $1.00 wick, exactly $1 wick, come on! This seems like a really important level for me. I think OXT over time will grow even more bullish, but if BTC changes its mind that can really throw all TA out the window, IMO.
*Not trade or financial advice
Beginning trader and technical analyst. Just trying to learn something new everyday. Always appreciate any feedback.
COINBASE:OXTUSD
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$OXTUSD - Bullish continuation above 0.75Hello everyone!
Orchid looks strong and very bullish and hopefully this pace will be held for longer time.
For now I believe it's very risky to long OXTUSD, I'd suggest you to wait for closing above 0.75 and go long.
OXTUSD might also correct a bit and bounce, though I still believe the best would be to enter above 0.75.
OXT---Possible Scenario: Rising Wedge Pattern FormingHello Traders,
It looks like we may have a rising wedge pattern forming on the daily chart. These can typically signify a bearish pullback. Though I am weary of this happening just based on the overall bullish sentiment of the market.
To be safe I will be cutting some profit at the top of that trendline and then I will wait for confirmation if it can break and hold above it.
Weekends can always be an iffy time to hold depending on your trade style but it can be one of the best times to load up on cheaper buy in's.
Good Luck!
OXT/USDT Looking for support. Possible Entry between 0.35-0.45$Orchid (OXT) is a decentralised VPN provider.
Since VPN is more and more a topic due to data leaks I guess OXT will continue to grow.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
OXT Break Out Incoming!?After some brief consolidation, and with the current state of the market, it looks like OXT is ready to make another move up. One of the main things that could stop this move is BTC dropping, but if BTC holds or gains - OXT will very likely retest the high it set a few days ago.