OXT Fiat Gateway speculationThis move followed Fib levels since February. First, it set a top and made a full retrace as the rest of the market. It built a river from the lowest level up to 50%. Once the rumor from Github caught on, it spiked to the top.
I entered at 0.6464, Hoping to see somewhere near to 1 dollar. It's alt season, so if it doesn't move above 6556 with volume I'll drop it.
OXTUSDT trade ideas
🆓Orchid Protocol/USDT Analysis (26/2) #OXT $OXT0.42-0.44$ zone is a strong support zone and the buying force is happening now. So we can expect it will pump up to the middle range of the Symmetrical Triangle formed since early February.
It needs to surpass 0.65$ zone in order to rise much more in March to 0.85$ zone
The next support zone is at 0.35$ zone
📅NEWS
👉Mar 22 : Summit on Privacy
📈BUY
-Buy: 0.42-0.44$. SL if B
-Buy: 0.63-0.66$ if A. SL if B
📉SELL
-Sell: 0.55-0.58$. SL if A
-Sell: 0.63-0.66$. SL if A
-Sell: 0.83-0.87$. SL if A
♻️BACK-UP
-Sell: 0.42-0.44$ if B. SL if A
-Buy: 0.34-0.36$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
OxtAlthough it had a bearish breakdown last night. So did all of the crypto alt coins. They all pulled back 10% and bounced since. I’m still watching this thing an stayed in trade just averaged down around .50 cents. Support found above .68 resistance im looking for potential exit at .80 cents area. Red td9 flash on hourly. Could get pull back hopefully .64 will turn to support. I am still bullish up to .80 cents
OXT looks juicy In this kind of setup the pumpamentals are high enough
Rsi is on oversold levels
Pattern making a bull Flag
Needs a breakout
Tried breaking 2 times but retraced
Fundamentally
one of the least market cap on Coinbase
The Recent events pushing for Internet privacy could be a +ve sign for OXT
their vitrual confrence priv8 on march 6 also could be a big blow
Signal
Laddering buys around 0.35-0.36
S/L at 0.28
Tps at 0.42 0.48 0.51 0.77
0.48 to 0.51 i am expecting atleast
will be taking a position of $2000 here and HODL for sometime
Orchid Ready for Price DiscoveryMarket Cap at time of publication: $104,987,634.
Purpose is to encourage decentralization of bandwidth acquisition by using this token.
IF/WHEN Reddit gets their hands on this, the new price discovery will be insane. With the transition from unreliable purchase application such as Robinhood, will encourage the move to Coinbase and therefore "cheap" coins, I believe, will reap the benefits.
THIS IS NOT FINANCIAL ADVISE AND I AM NOT A FINANCIAL ADVISOR. PLEASE DO YOUR OWN DUE DILIGENCE.