TLDR: Previous post showed our CUP AND HANDLE pattern with target 49 cents. However, OXT does not appear to be finished. Bull flag formation presently occurring. New target = .56 cents.
Hello traders. If you've been following my posts on this ALT and have been trading along with me, then you've done well. I congratulate you on your success.
Though I took profits at 50 cents and closed the last trade (tradingview.com/chart/OXTUSD/M5ojfOdW-OXTUSD-Can-t-think-of-a-better-setup-right-now/), I have re-entered this trade at 41 cents.
Reason? You can see from the chart, OXT still appears to have momentum. The bears have not been able to reverse this down to previous levels. Resultantly, a BULL FLAG has been forming. If I take the height of the last bull move, clone it, and then estimate an exit from the flag, I come up with a 56 cent target. Not bad!
Let me know if you all are seeing similar trajectories and if you have entered this trade by commenting below.
As always, I wish you the best!
Hello traders. If you've been following my posts on this ALT and have been trading along with me, then you've done well. I congratulate you on your success.
Though I took profits at 50 cents and closed the last trade (tradingview.com/chart/OXTUSD/M5ojfOdW-OXTUSD-Can-t-think-of-a-better-setup-right-now/), I have re-entered this trade at 41 cents.
Reason? You can see from the chart, OXT still appears to have momentum. The bears have not been able to reverse this down to previous levels. Resultantly, a BULL FLAG has been forming. If I take the height of the last bull move, clone it, and then estimate an exit from the flag, I come up with a 56 cent target. Not bad!
Let me know if you all are seeing similar trajectories and if you have entered this trade by commenting below.
As always, I wish you the best!
İşlem kapandı: hedefe ulaştı
Target reached. Another success in the books!Great work traders! I'll open a new post after re-evaluating the charts.
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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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.