OrchidLong
OXT Just Needs That Confirmation To Launch
Overview
- Overall as long as BTC remains bullish and does not dump, OXT is looking primed for higher prices as long as it remains to stay above the red line on the price chart
Price Chart
- Cleaned it up a bit so that the triangle is easier to see. Great to see the price jump up to the upper half of the triangle as now the midline($0.64) could be used as a support that helps start the breakout if it is to occur
- Would like to see the price stay in the upper region
- Still in the breakout range I calculated(8-11 Days) with today being the 9th day
- Once broken out of the triangle, we could face a little resistance at the $0.74 area but hoping there is enough volume to blast through
RSI
- Put my prediction of where the RSI could be bouncing off in the future if it doesn't have an early breakout
- Did some math with previous RSI values and with some adjusting from the higher price breakout and got the value of around 95.36 where the next breakout could bounce off of due to selling
MACD
- Nothing new here, MACD line(blue) remains over the signal line(orange) which was the same thing that occurred before the previous breakout so could this be an indication for round two?
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 as long as BTC remains bullish and does not dump, OXT is looking primed for higher prices as long as it remains to stay above the red line on the price chart
Price Chart
- Cleaned it up a bit so that the triangle is easier to see. Great to see the price jump up to the upper half of the triangle as now the midline($0.64) could be used as a support that helps start the breakout if it is to occur
- Would like to see the price stay in the upper region
- Still in the breakout range I calculated(8-11 Days) with today being the 9th day
- Once broken out of the triangle, we could face a little resistance at the $0.74 area but hoping there is enough volume to blast through
RSI
- Put my prediction of where the RSI could be bouncing off in the future if it doesn't have an early breakout
- Did some math with previous RSI values and with some adjusting from the higher price breakout and got the value of around 95.36 where the next breakout could bounce off of due to selling
MACD
- Nothing new here, MACD line(blue) remains over the signal line(orange) which was the same thing that occurred before the previous breakout so could this be an indication for round two?
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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