Overview
- Long-term OXT remains bullish as March has already been a great month for this project. Let's start from the top!
Price Chart
- Daily Chart for OXT with 20/50/200 MA's shown to help indicate future supports
- Still possible for OXT to be making a large inverse head-and-shoulders (Shown on chart, yellow)
- Could be testing the 20/50 MA's if BTC sees a pullback from its recent run
- Bullish as long as we stay in the triangle
RSI
- RSI is still healthy and would like to see it above the green dotted line soon. Why? Could be the resistance of a triangle in the RSI and if broken, could cause a breakout
Stoch
- Stoch value is high so not the best place you would like to put an entry unless other indicators are telling otherwise. Could see short-term selling before going higher
4-Hour Chart
1-Hour Chart
- I'm a big fan of the red trendline in the RSI, great entries to longs or swing trades. Dotted green marks potential sell if hit
Additional Info
- Learn about OXT here: www.orchid.com/oxt
- OXT Volume: coinmarketcap.com/currencies/orchid/
- Expand your trading knowledge by understanding the Inverse Head & Shoulders pattern here: www.investopedia.com...headandshoulders.asp
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
- Long-term OXT remains bullish as March has already been a great month for this project. Let's start from the top!
Price Chart
- Daily Chart for OXT with 20/50/200 MA's shown to help indicate future supports
- Still possible for OXT to be making a large inverse head-and-shoulders (Shown on chart, yellow)
- Could be testing the 20/50 MA's if BTC sees a pullback from its recent run
- Bullish as long as we stay in the triangle
RSI
- RSI is still healthy and would like to see it above the green dotted line soon. Why? Could be the resistance of a triangle in the RSI and if broken, could cause a breakout
Stoch
- Stoch value is high so not the best place you would like to put an entry unless other indicators are telling otherwise. Could see short-term selling before going higher
4-Hour Chart
1-Hour Chart
Additional Info
- Learn about OXT here: www.orchid.com/oxt
- OXT Volume: coinmarketcap.com/currencies/orchid/
- Expand your trading knowledge by understanding the Inverse Head & Shoulders pattern here: www.investopedia.com...headandshoulders.asp
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
