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OXTUSD trade ideas

Do Not Get ShakenThis is more of a warning rather than an analysis. Many holders are shaken right now, and it’s normal. You are in a volatile market and non of us can predict the market. Technically speaking, OXT has broken out of a very long term downtrend and is now retesting support. I believe there is hope and there is a lot of it as long as price manages to stay above this trend line. If the weekly candle closes below this trend line, the situation is gonna change and the breakout could be called a fake breakout, but so far price is respecting the support trend line and I do not plan to sell as long as price manages to stay above this level. I do not have a stop loss which is very silly in a volatile asset like this, but that’s just me, I like to play it risky. As for others who want to protect their assets then it is only logical to set up a stop loss. My sell target is 72 cents and I don’t plan to sell below my target. I’ve tried to look at the RSI. The RSI scares me a little, but I’m still not gonna sell. I entered the game at 0.1175 and I’m gonna leave the game at 0.73 and if market doesn’t form a reversal and I see more bearish signal then I’ll have to sell at a big loss which is ok, but for now, I HOLD.
CRYPTO:OXTUSD
by Se7enSkies
✴️ Orchid Flat Bottom vs Rounded Bottom By looking at this chart, OXTUSD (Orchid) we can learn about the difference between a flat bottom and a rounded bottom. Just as it happens with a consolidation phase, the longer it takes for a breakout to happen, the stronger the ensuing move becomes. Orchid is now facing the current bottom pattern resistance. Once this resistance breaks, we can expect very strong growth. It has been battling with this resistance for months. The bulls have the upper hand now, this pair is ready to grow. Namaste.
CRYPTO:OXTUSDLong
by MasterAnanda
7
OXTUSD - Reached Pinch Point in Descending Triangle & Broken OutFollowing on from an extended descending triangle (with a few good trades within!) we seem to have now reached a certain pinch point. From here the price has not only broken out the top edge of this aforementioned triangle, but we've received a Buy signal from our Crypto Tipster indicator; all good signs that a rise could be iminent! Given the general bullish-ness of the whole crypto-sphere currently, another 10% gain on Orchid would not seem to unreasonable and take us up to the next level of resistance at around $0.085.
KRAKEN:OXTUSDLong
by theCrypster
2
OXT Riding the MicrotrendOXT is making a series of advancements as it crawls up microtrend support on its way to the Fib ladder. New demand seems to be emerging as it brushes the 1.0 lower level. Looking for more advancements. Profit/Sell zones between the .272 and .618. (.618 caps out the MacLV1). Good luck. *Like making money on swings? Be sure to subscribe for more dynamic & easy-to-follow Wyckoff volume spread charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Swing trading is essentially a numbers game, and the winners more than compensate for the losers. Check out my past charts and see this for yourself, then follow me and see that I'm all about making money with solid risk-to-reward evaluations; it's the sole reason I'm here, and I want you to make money too! (Because it makes me look good!) **Not financial advice. Always DYOR and trade at your own risk.
COINBASE:OXTUSDLong
by jalapablo
2
A beginner's tip for reading candlesticksLooking at this chart we see a lot of candle "wicks" pointing upwards. As a new trader I had no idea what was going on because it takes some time reading candles to relate all the candles you see to what is happening in the market with actual trades. Answer: These vertical wicks mean the price spiked over and over, but after each spike selling took place--people took profit each time and kept the actual closing price depressed. Bonus: The very light line you see is the 50 MA, it has served as the driver for resistance and the price has "bounced" off this boundary. Hope this helps you to step back and understand what is happening from a practical standpoint using candlesticks.
COINBASE:OXTUSDEducation
by Hazel-Ra-Owsla
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.
COINBASE:OXTUSD
by DanielRiera
1
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.
COINBASE:OXTUSDLong
by DanielRiera