Orchid看多
OXT Must Break Through This Resistance To Get Closer To ATH
Overview
- In this idea we'll talk about where OXT could be heading up next due to breaking it's channel. Still very bullish so let's start from the top!
Price Chart
- Added a new curved channel that has been useful in showing the last low. Since then we have broken outside the channel and now headed towards the 20MA where we could see a bounce off of or break through. If this occurs and the momentum continues, we could be going back up to the green line back to test $0.74 for a third time in hopes of getting closer to ATH
- We first need to break past $0.50
RSI
- Still showing similar RSI pattern that occurred before the previous breakout to ATH.
- RSI was also reset and now can continue making an ascending pattern that hopefully leads to another bullish run
MACD
- Positive momentum is starting to look promising as the MACD line is strongly over the Signal line.
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
- In this idea we'll talk about where OXT could be heading up next due to breaking it's channel. Still very bullish so let's start from the top!
Price Chart
- Added a new curved channel that has been useful in showing the last low. Since then we have broken outside the channel and now headed towards the 20MA where we could see a bounce off of or break through. If this occurs and the momentum continues, we could be going back up to the green line back to test $0.74 for a third time in hopes of getting closer to ATH
- We first need to break past $0.50
RSI
- Still showing similar RSI pattern that occurred before the previous breakout to ATH.
- RSI was also reset and now can continue making an ascending pattern that hopefully leads to another bullish run
MACD
- Positive momentum is starting to look promising as the MACD line is strongly over the Signal line.
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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