ORCHID - OXT - Strong Buy
Orchid: Strong Buy
Target Area: $1.30-$.097
What Is Orchid (OXT)?
Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).
Launched in December 2019, Orchid describes itself
as the world’s first incentivized, peer-to-peer privacy network.
Learn More: www.orchid.com
FMW
OXTUSD trade ideas
Possible channel We may see it go toward $1.15 then back down following the channel once or twice before breaking a parabolic
Overall Bullish on OXTYou will see an overall upward trend. If patterns hold we should see a nice move to .90-1.25 over the next few weeks. Best entry point will be .55-.60 realistically.
Falling Wedge OXTWhen this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam.
Hoping for a breakout here!OXT lost 30% of its value from March 20-24. It's way too low. I really believe OXT will hit 1$ one day.
OXTUSD: 1W looking at possible correction to mid 30sAs above.
Whole crypto market looking at continued correction on the 1W charts.
Good Luck traders.
Broke below the pendant Broke below the pendant, I’m guessing it will hold .71 cents. Hopefully this will be a better but opportunity just before the event it. If it goes any lower it’ll see .63 cents
I would buy $OXT at a 10% dip below new base formation | QFL $OXT had a great big run up, now its time for the pullbacks. A healthy base was formed so I would feel comfortable to play this base break and get me some free coins!
Oxt usdExpect a 35 percent move starting later today.
OXT to above 1 USD. Rocket launch imminent.
DYOR.
Oxt Priv8 meeting tomorrow. Edward Snowden effect will likely help OXT fly to uncharted territories. 10 dollar OXT likely this bull cycle. Please do your own research before investing.
This Week is HUGE for OXTOverview
- Overall remain very bullish on OXT as the meetings could have a positive effect on OXT's price. Let's start from the top!
Price Chart
- 4hr time-frame with 20/50/200 MA's to help indicate future supports
- Forming another symmetrical triangle with the highlighted region being the range at which the OXT meetings are occurring (March 23-25)
- Possible next conservative ATH's are marked(green horizontal lines)
- If meetings are successful could see a breakout starting in the highlighted region going up to test $1
- If BTC decides to dump HARD this could hurt OXT's chances at making ATH short-term
RSI
- Could see the RSI touch the green trend line before continuing the ascending pattern
- If goes through green line, could easily bounce at red
Stoch
- OXT is starting to show signs of a potential entry before another rally occurs, currently half-way there
- May even bounce off the dotted green line if follows the small ascending trend being created
Extra Info
- Learn about OXT here: www.orchid.com
- OXT VOLUME: coinmarketcap.com
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Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
MoneyGrind
OXTUSD - LONG if closes above 0.822 on H4OXTUSD - LONG if closes above 0.822 on H4, it goes to $0.97 and to $1.
OXT: 40% Swing TradeHere's a nice set-up for those interested in taking a position with Orchid (OXT/USD). I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price. I am not a financial advisor. Join me at your own risk.
If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative swing trades. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave principle & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags. The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
My wins so far for March 2021:
1. Filecoin: 31.92% in 14 days
2. Kyber Network: 12.09% in 7 days
3. Loom Network: 66% in 10 days
4. Ravencoin: 78.55% in 11 days
5. NMR: 19% in 2 days
OXT Fib retrace to new ATHstarting from the previous ATH to the swing low I'm looking for OXT to retest and eventually break 1.00 and move to the golden ratio at about 1.50
OXT to 0.94 after confirmation from two ascending trianglesThe first ascending triangle was confirmed and as of writing this, the price is starting to move upwards to meet the next level.
OXT to which moon?Looking at the previous ATH of 0.79 and the ATH of 1.00, OXT seems to be following and bouncing between both fib levels. I'll be keeping and eye on the trend-based fib level of the previous high of 0.79. If volume does come in and history "repeats" itself, I can see a 2.08 OXT coming it. Long term hold (end of alt season), OXT may reach 4.20.
Wish I could be more clear about my thoughts, but with so much going on, I rather document this for my own records.
Good luck and trade safely!
OXT/USD CUP & HADLE (SIMPLE AS THAT)OXT is a rank #139 on market cap and is a coin that likes to pump. I believe oxt will be in price discovery mode before long and will likely have a blow off top past $1.22 and then pull a fib retrace from there.
OXT UpdateSeems like $1.20 would complete the move for this one. Not playing it anymore after targets hit, just watching.
Orchid Orchid Orchid1- Today Cardano (ADA) started trading on Coinbase. The current value of it is $1.35/ coin. At one point this coin was as low as 2 cents. And there are 31.9 Billion coins (supply). Yes you read it right it is with a B. In comparison Orchid has 368 Million in circulation and it is trading at 70 cents.
Now you tell me in which one you would feel more confident investing?
2- This is supply/demand strictly. There are no hedge funds, naked shorting, phantom shares, market manipulation etc etc etc. We just need to HOLD and accumulate. I have seen zero spikes of the kind that crypto is known as far as this coin is concerned. I only see a large W and a cup and handle. Now for this price point it is easy to accumulate. I believe news will come (conference maybe?) to justify a massive rally. If we all decide to hold to at least double digits and not sell for 20/30/40 cent profit, it will be life changing.
All agree?
3- What I think it is a huge positive for this coin is that its price is not related to bitcoin or much of anything. Just look at the chart. When BTC dropped from 61k to 53k, OXT moved with 6 cents. I will take that any time.
This is not financial advice.
OXT Has Got It's Sights Set For An ATHOverview
- Overall OXT is expressing its bullish behavior and long-term could eventually hit an ATH. Let's start from the top!
Price Chart
- Daily chart with 20/50/200 MA's to help indicate future supports
- $0.78 is a critical resistance test and if broken could easily send OXT to $0.85. Break $0.85, $1 will be tested
- Symmetrical triangles are known to be bullish and that was the case here. We finally got the obvious breakout we were waiting for
- Could be forming an inverse head and shoulders that would send OXT to the moon, for this to occur we might see a short-term price drop (Or this shoulder already occurred in the highlighted 11 bars)
- IF ATH occurs, possible conservative new ATH's are marked
- Daily close above $0.75 and OXT is VERY BULLISH
- Volume is now over $100,000,000 :D
RSI
- Great structure in the RSI with plenty of more room to go, could hit yellow line when ATH is hit
- Starting to become overbought
- Has been bouncing off the red line nicely
- Notice before the last ATH occurred, the ascending trend line was touched three times before mooning, we are in the middle of bounce 3
MACD
- Signal line(blue) over MACD(orange) = rally time
- Momentum pattern 2 seems to be the same as momentum pattern 1. Makes me think we will see consolidation occur above $1 in the future
Extra INFO
Learn about OXT here: www.orchid.com
OXT VOLUME: coinmarketcap.com
OXTBTC Chart
- Text box explain most, overall break this symmetrical and some real magic could happen
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
MoneyGrind
