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
OXTUSD trade ideas
OXT to the 50 cent range and beyond?With BTC showing real promise for another run to all time highs, you can expect alts to follow king BTC. OXT is no exception and while messy of a chart (Hey as long as i understand it right?) we can see OXT reaching the .50s once again. I also can see the possibility of it breaking the resistance trend it has been respecting for many months. Crypto rewards the bold and patient, if you are hanging tight, you could be making some serious money on this one -- in my humble opinion.
OXT BottomI'm currently speculating on the OXT bottom and if history is an indication, it usually bottoms out somewhere around 19 cents. Could we see lower? As you all may know, anything is possible, but i believe that if you stick to the 19 cent range, you can't go wrong. I think we can totally see this price again especially because BTC has a lot to go before it reaches, at least what i consider a good price to find support (30K).
Market Update - BULLISH! - And how I trade levels in a downtrendIn this video:
* A quick review of the current market sentiment
* I am bullish!
* Everything is moving as expected
* I review and instruct on a more advanced trading technique/strategy - How to trade levels in a correcting or bearish market?
* You can make gainz by going long in a bear trend!
Happy New Year Traders!
Giant W pattern on the dailyLooks like OTX could be playing out this pattern. If BTC can hold in here and stay at least range bound, this has a chance to work out.
Based on the W, price target of $1.60 - 1.75 looks feasible.
We may also see a Cup and Handle pattern play out in the course of this.
I love trading OTX and it has been holding up very well over the past weeks.
OXT Bulllish setupOXT has been consolidating since touching resistance area around 80ct.
Now that prices have came back close to the Daily MM100, i would see current price action as buy opportunity between current price and 43.5ct.
Once the MACD Daily will turn green this should confirm the plan to go for 80ct first, then above i would be looking at 1.35$ / 1.70$ and 2.20$.
Same as GTC, REQ or ANKR i could have an impulsive move up, better be in before it happen.