OXT USD Inverted H&S, Decisions to come

10 feb 2021

Not a financial advisor, don't invest based off of this. Two major decisions coming up for OXT. First is breakout for the bullish inverted head and shoulders pattern visible in 15m candles, second is a breakout of the long downtrend line from ATH to most recent local high. If both are broken today, OXT could push a first target around $0.6 and eventually retest ATH at $1 by the weekend. Otherwise potentially another week or more of sideways consolidation and the next set of decision points to follow.

11 feb 2021

Nota

Update: OXT has broken trends for the inverted H&S pattern, but now it appears there is a possible bullish pennant in play. Keeping a close eye for any breakouts below the $0.44 support line as a sell indicator