✴️ Orchid Flat Bottom vs Rounded Bottom

2023年8月6日

By looking at this chart, OXTUSD (Orchid) we can learn about the difference between a flat bottom and a rounded bottom.

Just as it happens with a consolidation phase, the longer it takes for a breakout to happen, the stronger the ensuing move becomes.

Orchid is now facing the current bottom pattern resistance.
Once this resistance breaks, we can expect very strong growth.

It has been battling with this resistance for months.
The bulls have the upper hand now, this pair is ready to grow.

Namaste.

2023年8月10日

註釋

+60%

2023年8月19日

註釋

We have a full correction ending in a higher low, a new round is now possible.

2023年9月15日

註釋

The potential is now open for a higher high compared to 11-Aug.
Orchid can challenge its February 20 high next... Huge potential with more mid-term.