OXTUSD Bullish Setup (50%-300% Profit Potential)(Inverted chart) Orchid is a decentralized VPN service using blockchain technology to offer a more competitive pricing structure along with a faster service for users. This altcoin has been beat down while Bitcoin ran from 10K to 32K. My thesis for this trade setup is simple, as Bitcoin has its much needed correction I believe this altcoin could make a move to higher prices. The moving averages are currently bullish as the faster moving average is still below the slower one. Another reason to consider the trade is that the Commodity Channel Index is indicating a buy signal relative to my trading strategy. With the market-cap currently trading near 80 Million it wont take much to move this coin to these target prices. Lastly, respect the stop-loss level as Bitcoin could dump and drag the altcoins down with it. If you get stopped out you could always re-enter at lower levels. Don't let the market turn you from a swing trader to a bag hodler.
Entry: $.23
Target 1: $.35
Target 2: $.50
Target 3: $1.00
Stop-loss: Sub .20
OXTUSD trade ideas
OXT Orchid If price can break out of the triangle, we might be able to land on moon and if you are overly optimistic we could land on Mars too.
Nice rounding bottom, great price formation below the resistance itching to break out. Fib ret zone can act as price targets.
Will there be a catalyst to ignite the move? NO! I read through their website to see what they do and came to a conclusion that its a shit coin, garbage is to be treated as garbage. There is absolutely no reason for me to want to own it. You trade garbage but you hold assets.
OXT: The Future is Now! (FIANILLY) OXT: The Future is Now! (FINALLY!) Two choices. The Red or Blue Pill
What's up Financial Amigo’s! Happy Sunday, aka, the day OXT loves to moon on! Could it be! OH could it be!!! And in a new moon during this bull market! Well I have a feeling...it’s what the professionals would describe as: “Maybe we have something cooking over here!”
But maybe not, after all, it’s OXT. (& yes, I do apologize for starting off with Astrology) but think it’s time. Maybe another re-test of some line for the 80th Bajillian times. But, I think not. OXT and I have gotten gray hairs together waiting for her to fertilize those eggs of mine, and I plan on collecting.
Two choices. Red or Blue Pill, I don't care either way but she better take one of them. Chart should be self explanatory, but I am guessing that won’t be the case as is tends to happen when humans are involved.
For starters, when BTC started to erupt during this bull run (along with the vast majority, if not all, other cryptos of similar market status/name recognition/availability to market, let alone actual use cases, e t c), well OXT just sort of continued to the wet the bed in a downtrend for however many months it was of torture. Made worse by all those XRP and ETH moonbois rubbing their gains in my face!!!! (Jk, good for ya'll)
Anyhow, The current market sentiment and overall just seemingly very bullish behavior in this sector, it does gives me hope for the route of the “Enhanced Blue Pill,” (Get it? Were the quotations necessary? I didn’t think so)
Add market with the lack of recent gains, and the albeit rare, yet obscene, volatility which OXT is often known for once she finally gets rolling….
And what that all creates in my non professional, humble and more risk adverse opinion is hopefully soon, very very soon, I’ll be getting a jet ski or two. And by that, I mean pay off those a holes from Chase, all while their boss bashes BTC for years while scooping it up at bargain prices likely with help from Gov't bailouts. Prick. Ohh, and especially if OXT takes, the blue pill: then maybe also a cruise with the wife as expected for the amount of times I’ve had to tell her: “Just wait, OXT will grow eventually, just like your husband after taking his blue pill. (Get it?)
Formal Summary Analysis: Bullish AF
This is not Financial advice, DYOR and don’t sell the house or kids = mine still haven’t forgiven me
This chart says $OXT is a glaring buy right now!In my opinion one of the best plays in the crypto space rn.
Huge upside potential. Its listed on major exchanges, and the trading volume is perfect to build a large position.
This is no investment advice just my personal opinion. Anything below 0.35$ is a bargain.
Heavy accumulation in OXTUSDOBV has been rising significantly while price action is still around $0.30 and has increased by 3X over the past few months.
The price will soon follow. Since coinbase is easily accessible to US investors, there will be a lot of retail demand soon.
This coin will also pump along with the other alts. The market cap is below $100 million so there is a lot of room to run.
The next major resistances are $0.31 & $0.35.
Note:
This is not financial advise. Please do your own research.
OXT.USD (Y21.E1.P1).3 Rising ValliesHi,
Still feeling crap...just had my first Covid test and came out negative, now I can see a doctor for my viral sickness, soar throat, flem, fever ... etc.
Here we have a setup detected by Mitch Ray, so I thought I share it.
The setup shows areas of clear support, with double bottoms at value areas.
All the best,
S.SAri
A example.
OXTUSD Technical Analysis Introduction
Hello trading-view! My break of three weeks is over, and it’s time to get back on schedule. OXTUSD has the potential to hit nearly 46 cents sometime in February if there is a break upward of it’s symmetrical triangle. In other words, it might go up as much as 15 cents soon.
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Statistics
Here are the details of the trade such as risk reward, stop-loss, etc...
Target: 0.4594
Entry: 0.3394
Stop-loss: 0.2846
RR: 2.19
Potential Profit: 35.36%
Potential loss: 16.15%
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Final thoughts
Remember to use position sizing to minimize the risk you take on any one trade. I will be posting an educational idea either in the afternoon or tomorrow, and starting this week every Sunday. I will also be posting more trades like this. Keep in mind I might miss a few good setups simply because I’m not a full time trader.
*not financial advice
OXT Primed to Blossom those Orchids into Full effect OXT has opposite correlation with Bitcoin and at this point BTC has been corrected from its ATH this is the time Orchid must take advantage of this glorious chance so it can to reach New All Time High since the August Pump. On your mark, Get Set...........GO