OAX continues to prepare to work out the accumulated potential
Today, OAX can continue to please with profits. The token ends, together with vib, the cancellation of the bearish trend formed on the weekly and monthly charts. In the process of investing against this trend, he gave several impulses of 50%+ and more than ten opportunities to earn 30%+. In my opinion, such trading is much more interesting than a trend with blurred goals and a long drawdown in the event of a market collapse, so I consider such coins to trade first.
But today, in addition to the opportunities for profitable scalping, I want to consider the main medium-term picture and the growing probability of the main wave of growth. As I expected, before opening a new monthly candle, an attempt was made to retest the 0.25 level, which is key for the growth of volatility, but the negative overall dynamics of the market did not provide sufficient volatility. However, the gradual growth of the trend accelerated, which allowed the second half of the quarter to open above 0.175, providing a clear technical signal for a transition to the range 0.25-35 and growth in the second half of the quarter. Indirectly, this hints at the fact that delisting of the token is probably not in danger yet.
To date, there is still an opportunity to break through to 0.25 this week in case of sufficient volatility in the market. The signal for this may be a move over the ether of yesterday's day or a hike on the alt index above 9.75% with an attempt to break 10%. In the absence of sufficient volatility, we can expect a small pullback at the beginning of the week to draw a shadow on a new weekly candle under the fear of delisting, characteristic of all coins with the monitoring tag, and a subsequent powerful breakdown in the second half of the week as part of a trend change on the weekly chart to bullish. To understand the medium-term picture and growth potential, it is worth considering the monthly and weekly chart where the second bottom has formed. On the monthly chart, the OAX pattern is very similar to PROS. Technically, the growth potential reaches 0.75-1.0. Except for oax and vib, there are no oversold coins with a similar growth potential on binance.
The most dangerous tools that are under development have the greatest growth potential, as we have already seen with the example of pros and troy, but there is still the possibility of delisting in case of problems with the project. In this regard, I want to repeat once again and remind you of the need to carefully weigh money management, choosing a moderate position on dangerous instruments to insure against large losses in the event of an error, delisting or prolonged drawdown. It is also a priority to trade coins with a monitoring tag in the second half of the week, because Delistings were most often in the first half.
But today, in addition to the opportunities for profitable scalping, I want to consider the main medium-term picture and the growing probability of the main wave of growth. As I expected, before opening a new monthly candle, an attempt was made to retest the 0.25 level, which is key for the growth of volatility, but the negative overall dynamics of the market did not provide sufficient volatility. However, the gradual growth of the trend accelerated, which allowed the second half of the quarter to open above 0.175, providing a clear technical signal for a transition to the range 0.25-35 and growth in the second half of the quarter. Indirectly, this hints at the fact that delisting of the token is probably not in danger yet.
To date, there is still an opportunity to break through to 0.25 this week in case of sufficient volatility in the market. The signal for this may be a move over the ether of yesterday's day or a hike on the alt index above 9.75% with an attempt to break 10%. In the absence of sufficient volatility, we can expect a small pullback at the beginning of the week to draw a shadow on a new weekly candle under the fear of delisting, characteristic of all coins with the monitoring tag, and a subsequent powerful breakdown in the second half of the week as part of a trend change on the weekly chart to bullish. To understand the medium-term picture and growth potential, it is worth considering the monthly and weekly chart where the second bottom has formed. On the monthly chart, the OAX pattern is very similar to PROS. Technically, the growth potential reaches 0.75-1.0. Except for oax and vib, there are no oversold coins with a similar growth potential on binance.
The most dangerous tools that are under development have the greatest growth potential, as we have already seen with the example of pros and troy, but there is still the possibility of delisting in case of problems with the project. In this regard, I want to repeat once again and remind you of the need to carefully weigh money management, choosing a moderate position on dangerous instruments to insure against large losses in the event of an error, delisting or prolonged drawdown. It is also a priority to trade coins with a monitoring tag in the second half of the week, because Delistings were most often in the first half.
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