OXT was introduced on CoinBase which caused a hyperbolic rise. As usual, it is deflating most of the way back down the Fib Stairs. Now approaching one of the last two strong supports left for bulls.
0.3375-3347 is immediate support zone, and an "average" retrace from parabolic rise. 0.3104-3207 is a wide zone due to several Fibs Clustered within, any one could bounce it. 0.2523-2549 would be the "Impulse Redux", a return to the original launch pad at birth.
My last plot of support caught a decent bounce but then drilled through it:
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Bulls are putting up a good defense at the support zone But they need to move the battle line higher by a fib or two
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Ignition?
Nice spike off support after sitting on it for a few hours Smacked into first resistance.
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Zoomed IN (5 min) to see the precise dance around the Support zone before launch But also the drastic pullback expectable for such a random spasm. Lets see if it holds.
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