Overview
-Ideas are a bit spread out since I'm spending a TON of time trying to finish making a COMPLETE trading guide so stay tuned for when that gets released!
-Overall OXT as always is a bit disappointing while the rest of the market is pumping. However, it may have just been taking some time to put on its running shoes. Let's start from the top!
Price Chart
- Price is currently trying to make the 20MA the new support. If the 20MA(green) can get above the 50MA(yellow) could see another run up
- Making a symmetrical triangle pattern that usually results in a breakout
- If breakout does occur, places where price could see some resistance is marked on the chart (1,2,3)
- OXT is only for the patient, still looks strong and if the symmetrical pattern plays out, expect a continuation
RSI
- RSI is deciding what to do by being in the middle, plenty of room if a run occurs
- If no run, we could see a short-term price drop to form a double-bottom on the RSI before going back up
Stoch
- Stoch is high, but I wouldn't be surprised if the stoch value bounced around in this area like it has in the past
Extra Info
- Learn about OXT here: www.orchid.com/oxt
- OXT VOLUME: coinmarketcap.com/currencies/orchid/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful 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
-Ideas are a bit spread out since I'm spending a TON of time trying to finish making a COMPLETE trading guide so stay tuned for when that gets released!
-Overall OXT as always is a bit disappointing while the rest of the market is pumping. However, it may have just been taking some time to put on its running shoes. Let's start from the top!
Price Chart
- Price is currently trying to make the 20MA the new support. If the 20MA(green) can get above the 50MA(yellow) could see another run up
- Making a symmetrical triangle pattern that usually results in a breakout
- If breakout does occur, places where price could see some resistance is marked on the chart (1,2,3)
- OXT is only for the patient, still looks strong and if the symmetrical pattern plays out, expect a continuation
RSI
- RSI is deciding what to do by being in the middle, plenty of room if a run occurs
- If no run, we could see a short-term price drop to form a double-bottom on the RSI before going back up
Stoch
- Stoch is high, but I wouldn't be surprised if the stoch value bounced around in this area like it has in the past
Extra Info
- Learn about OXT here: www.orchid.com/oxt
- OXT VOLUME: coinmarketcap.com/currencies/orchid/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful 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
- As of now I just think of this as a sale
- Stoked that this happened right before hitting the hay -_-