OrchidLong
DING DING! Round Three Has Begun For OXT
Overview
- Overall OXT is getting even more bullish being above the 20MA and Stoch activity. Let's start from the top!
Price Chart
- Chart is represented in the daily timeframe and is mixed in with the 20/50/200 MA lines. Lowest is green
- You'll also see two flag patterns, a micro(smaller) and macro(largest), break the macro and could see another run up to $0.74
- Would like to test the 20MA and then bounce up to higher prices. Break the macro flag and great things could happen
RSI
- RSI you will see the channel plotted with OXT in the makings of starting the third round up
- Expect to hit the green trend line on the next break up, if it does make contact, could also expect some selling
- It's normal to take longer before the next round begins and at this time we are currently longer than the second round RSI length
Stoch
- Before each round began, you'll see the stoch indicator quickly shoot up in the beginning. Current stoch value could be indicating that the third round is beginning
- When the next run occurs, would like to see an ascending pattern as that led to a 251% gain over time in the previous run(second)
Bitcoin Dominance
- The lower the value the better odds for an Alt Season to arrive. We also seen a break to the downside which is what we want to occur
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
- Overall OXT is getting even more bullish being above the 20MA and Stoch activity. Let's start from the top!
Price Chart
- Chart is represented in the daily timeframe and is mixed in with the 20/50/200 MA lines. Lowest is green
- You'll also see two flag patterns, a micro(smaller) and macro(largest), break the macro and could see another run up to $0.74
- Would like to test the 20MA and then bounce up to higher prices. Break the macro flag and great things could happen
RSI
- RSI you will see the channel plotted with OXT in the makings of starting the third round up
- Expect to hit the green trend line on the next break up, if it does make contact, could also expect some selling
- It's normal to take longer before the next round begins and at this time we are currently longer than the second round RSI length
Stoch
- Before each round began, you'll see the stoch indicator quickly shoot up in the beginning. Current stoch value could be indicating that the third round is beginning
- When the next run occurs, would like to see an ascending pattern as that led to a 251% gain over time in the previous run(second)
Bitcoin Dominance
- The lower the value the better odds for an Alt Season to arrive. We also seen a break to the downside which is what we want to occur
If you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and 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
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