OXT Showing It's Quick Recovery Skills
Overview
- Overall BTC punched OXT around a bit but OXT was able to bounce back up. Let's start from the top!
Price Chart
- 1hr chart with price price currently inside a triangle. Price movement could be coming soon
- All MA's are starting to show upward movement which is great to see in case we need one to act as a support
RSI
- I sometimes use the RSI to have a better idea when to enter a trade especially when the RSI bounces off the previous low like this RSI scenario
- Would like to see upward movement, however, it's possible that we could touch the line again and break to the downside
MACD
- MACD is starting to show positive momentum could be coming soon. If the blue line can't get above the red then could see further selling short-term
Daily Chart
- Daily chart looks amazing
- Potential to show long-term positive momentum(PM) (green line= predicted PM top if BTC remains bullish)
- Break above dotted RSI and you'll get real bullish then
Additional Info
- Learn about OXT here: orchid.com/oxt
- OXT Volume: coinmarketcap.com/currencies/orchid/
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
- Overall BTC punched OXT around a bit but OXT was able to bounce back up. Let's start from the top!
Price Chart
- 1hr chart with price price currently inside a triangle. Price movement could be coming soon
- All MA's are starting to show upward movement which is great to see in case we need one to act as a support
RSI
- I sometimes use the RSI to have a better idea when to enter a trade especially when the RSI bounces off the previous low like this RSI scenario
- Would like to see upward movement, however, it's possible that we could touch the line again and break to the downside
MACD
- MACD is starting to show positive momentum could be coming soon. If the blue line can't get above the red then could see further selling short-term
Daily Chart
- Daily chart looks amazing
- Potential to show long-term positive momentum(PM) (green line= predicted PM top if BTC remains bullish)
- Break above dotted RSI and you'll get real bullish then
Additional Info
- Learn about OXT here: orchid.com/oxt
- OXT Volume: coinmarketcap.com/currencies/orchid/
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
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