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OXT - The case for $1.25 PRICE TARGET!
已更新
Is OXTUSD only halfway to the moon?
Hello traders. I have reason to believe that OXTUSD could touch the $1.20-$1.32 mark within one month, maybe weeks? Here is my case briefly bulleted. I'll allow you to decide whether any of this makes sense or not and can add confirmation:
Preface. Interesting Data. Potential Fractals:
- On Coinbase, OXT hit and introductory body high in Dec. 2019, which was at about 66 cents.
- Wick high in Dec. 2019 was 75 cents. Wick high then increased 8 months later by 25 cents and went to $1. Is it possible this pattern repeats once again? If so, we can track 8 months from our previous wick high, to a projected new high of $1.25, an increase of another 25 cents.
- It is interesting to note (though not an indicator) that by doubling OXT introductory body high of 66 cents, we end up roughly in the ball park of this $1.25 price projection as well @ $1.32.
Additional fractals:
- Additional fractal patterns can also be observed with amazing consistency:
- 80 days from initial body high, OXT hit a new low.
- 160 days from that low, OXT hit a new high.
- 80 days from that new high, it hit another low.
- If the previous patterns repeat, we can track the time from the previous low, to a projected new high in around 160 days, give or take a few days.
- Each recession measured almost exactly 50 cents.
- If we double the 50 cents fractal from our previous low of around 20 cents and add this $1.00 value to it, the final target is $1.20
All of this data is exactly consistent with where many cryptos are ending up in the current market, which is at about a 3x multiple of their 200 day moving average. At it's current rate of increase, we can project the moving average to be right at or around 40 cents by the end target time frame of 160 days. 40 x 3 is ...$1.20
We often see chart patterns consistently repeat in market movements. Repeating patterns can be used both as future potential indicators of price action as well as confirmation of current sentiment.
One additional note worth mentioning as additional confirmation here is that Bitcoin recently fell through some fairly strong market dominance support at %62.3. Next support levels are %59 and %57 respectively. Such events are only more good indication news for altcoins like OXT.
I will be entering this trade with some of my reserve cash and holding till we reach approximately $1.00+. OXT is not done pumping yet. To the moon!
I wish you the best traders! Thank you for liking/subscribing and supporting.
Comment below if you will enter this trade and/or have any additional confirmation or contra-indicators.
Best of luck traders!
Hello traders. I have reason to believe that OXTUSD could touch the $1.20-$1.32 mark within one month, maybe weeks? Here is my case briefly bulleted. I'll allow you to decide whether any of this makes sense or not and can add confirmation:
Preface. Interesting Data. Potential Fractals:
- On Coinbase, OXT hit and introductory body high in Dec. 2019, which was at about 66 cents.
- Wick high in Dec. 2019 was 75 cents. Wick high then increased 8 months later by 25 cents and went to $1. Is it possible this pattern repeats once again? If so, we can track 8 months from our previous wick high, to a projected new high of $1.25, an increase of another 25 cents.
- It is interesting to note (though not an indicator) that by doubling OXT introductory body high of 66 cents, we end up roughly in the ball park of this $1.25 price projection as well @ $1.32.
Additional fractals:
- Additional fractal patterns can also be observed with amazing consistency:
- 80 days from initial body high, OXT hit a new low.
- 160 days from that low, OXT hit a new high.
- 80 days from that new high, it hit another low.
- If the previous patterns repeat, we can track the time from the previous low, to a projected new high in around 160 days, give or take a few days.
- Each recession measured almost exactly 50 cents.
- If we double the 50 cents fractal from our previous low of around 20 cents and add this $1.00 value to it, the final target is $1.20
All of this data is exactly consistent with where many cryptos are ending up in the current market, which is at about a 3x multiple of their 200 day moving average. At it's current rate of increase, we can project the moving average to be right at or around 40 cents by the end target time frame of 160 days. 40 x 3 is ...$1.20
We often see chart patterns consistently repeat in market movements. Repeating patterns can be used both as future potential indicators of price action as well as confirmation of current sentiment.
One additional note worth mentioning as additional confirmation here is that Bitcoin recently fell through some fairly strong market dominance support at %62.3. Next support levels are %59 and %57 respectively. Such events are only more good indication news for altcoins like OXT.
I will be entering this trade with some of my reserve cash and holding till we reach approximately $1.00+. OXT is not done pumping yet. To the moon!
I wish you the best traders! Thank you for liking/subscribing and supporting.
Comment below if you will enter this trade and/or have any additional confirmation or contra-indicators.
Best of luck traders!
註釋
Absolutely perfect bull flag here after we held the zone! Get ready!!!註釋
Just an FYI. The following chart is BTC. Obviously, BTC is the big dog and crypto leader. Over the last few weeks/month, I have observed tighter and tighter correlation between BTC and the ALT market. Currently, BTC has been in an ascending wedge. This is a bearish indicator (amongst others), which I respect. For this reason, I have decided to exit most of my ALT coin positions until it is absolute clear which way BTC will direct this market. We still could head up. My sense is that we consolidate for a few day/weeks. This may involve BTC heading back down to the 37k-40k range. Should this happen, alt coins will follow. 註釋
Oh, and if OXT does follow down, I think it could drop as low as 40 cents.I will watch BTC closely, as well as OXT, and let you know when there is a clear break in either direction.
註釋
With BTC popping up, above the ascending triangle, and making me look like a fool once again, it has become very apparent that the bulls will not lose here. Alts will follow suit. Based on this, I have re-entered my OXT position with nothing lost. I am now really liking this set up!
Just a few more days (maybe a week or two) and I think OXT will hit the $1 target, plus some. It's happen fast once it goes. Stay tuned. Hold tight. Have your limit orders already in place for various target levels along the way!
Let's go!
註釋
And here we go!
Super optimistically, $1.25
Ideally, $1.05
Realistically, .90
Safely, .80
Super safe, .70
註釋
Breakout of the last triangle was annulled. Only hit one of my targets. Then the stops all kicked in as we descended below the triangle. $1.25 has not yet been realized, but with this consolidation drop, I am more bullish than I have ever been on OXT. It is super healthy to see this type of consolidation. That being said, my re-entry point is currently set at 36 CENTS. I will re-enter here and expect that we will hit nearly $1.25 on or before April 15th (TAX DAY)
Best of luck traders!
註釋
Here we go! Gotta get there before mid-April.
Stewdamus Trades -
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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