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OXTUSD trade ideas

OXT Could Be Preparing For Round #2Overview - Spent a TON of time trying to get this chart all formatted with as much information as I could for you guys so hope you enjoy. Long-term still bullish on OXT and I recommend following along with the idea description to make things more clear(unless you're an adventurous type) Let's start from the top! Price Chart - Let's start before the breakouts even occurred. At this time, OXT was in a channel and at the end of the breakouts, prices rose 119% from the top of the channel - Now we could be in another channel for some time if the symmetrical triangle pattern does not play out. If another breakout occurs and rises by the same %, we can predict to reach $1.62 to be the close of the candle(could go higher) - 20 EMA acted as a support, let's hope it continues - Even if we fall outside the symmetrical triangle pattern, we are still bullish because instead we may just be in a channel RSI - Here's where things get interesting. To start, drew two ascending channels(green) inside a curve(yellow) - We can see that before the breakouts started to occur, the RSI dropped down to touch the secondary line. Could we be doing that again now? - Also notice we have an ascending trend when the RSI tries to touch the secondary line - Used a curve because I wanted to see if it had any impact on a future breakout if it occurs Stoch - Also great stuff here. To start, drew two descending trends and a dashed line that represents the two lows - Notice that the descending trends start just a little after the ascending trends in the RSI on both sides - The "W" structure in the middle also looks fairly similar to the "W" structure that occurred before the breakouts with a sharp rise, drop, rise, and drop Additional - Don't have much info about this chart showing a double bottom or double top as both seem possible 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
COINBASE:OXTUSDLong
by MoneyGrind
10
OXT I'll be optimistic if the daily close is above .6150 If you accumulated, CONGRATS! If not, don't worry it's just another day in crypto. (I sold @ .67 and was waiting for a better entry, I had .5050 buy order...but I got impatient and reentered @ .60. Gotta stop doing that!) Obviously, all coins were affected today. If we have a daily close above .6150 and BTC stays around 57K we should still be on track to our previous predictions. If not, it's back to the drawing boards. We might be in for some 40's and possibly 30's in the near future. I'm extremely good at predicting the corrections and crashes (way more than the booms and moons) so ill be sure to update on here as soon the crystal ball defoggs a bit. Not financial advice, just my la di da opinion.
COINBASE:OXTUSD
by cornerseat
3
Break Through This And OXT Is Set For ATHOverview - OXT is beginning to show some bullish price action that could lead to an even bigger breakout. Let's start from the top! Price Chart - Bounced off of $0.74 which isn't terrible but never good to bounce off resistances multiple times. - Break $0.74 and great things will happen. Could easily see $0.85 - Created a channel that OXT could follow through before we see another breakout (Dashed line could be the place price bounces or it could be the solid yellow) Stoch - Looking like the yellow trend line was useful as the stoch value bounced off of it and appears to be in a channel as well RSI - Have a channel that the RSI has been bouncing in, could see a drop in RSI which would lead to temporary lower prices before another breakout - What the daily triangle pattern looks like, thought it was interesting and has some "big picture" value - Also what'd I'd like to see the price do. Don't worry about the time frame moves. - If a breakout were to happen, could happen before we reach the end of the triangle pattern 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
COINBASE:OXTUSDLong
by MoneyGrind
48
Getting A Closer Look At OXT's Supports- In this idea we'll cover supports that OXT currently has and how these can add to the bullish argument Price Chart - We continue to see what looks like a symmetrical triangle pattern , which, usually have a bullish outcome - You'll also see an EMA indicator with lines showing 20/50/100/200(Lower EMA is usually above the others) - I think of the EMA as the longer the time period of the EMA , the stronger the support. EX) 20 EMA < 200 EMA (200 EMA is stronger) - Price has now shot above the 20 EMA so as long as we continue to see price above the EMA's good things are to come - 50 EMA has got our backs in the past price action so hoping we have it's support as we near the end of the triangle - Worse case scenario we return to $0.59 -> $0.53 -> $0.48 but we wouldn't want that to happen 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
COINBASE:OXTUSDLong
by MoneyGrind
15
OXT Just Needs That Confirmation To LaunchOverview - 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
COINBASE:OXTUSDLong
by MoneyGrind
4