OrchidLong
HUGE Volume Coming Into OXT
Overview
- Just had HUGE volume coming in! This keeps up the argument for a $1 will be even stronger. Let's start from the top!
Price Chart
- 4hr chart with price just recently breaking through the macro triangle's resistance line
- If price closes above the previous macro triangle resistance line, could see $0.74 soon
- Made a dotted green trendline on the highs. Break through this $1 will start becoming more realistic
- If we consolidated in this area for awhile may not be the bad thing.
- It's also possible we could be making a huge inverse head-and-shoulders pattern with the neckline around $0.74. If this plays out this could help OXT reach $1
RSI
- Wonderful bullish W that played out perfectly. Broke through the "Very Bullish" dotted green line so could be could possibly bounce to the upside to hit the solid green line
- Also possible we could be starting to show a declining RSI trend which could lead to temporarily lower prices
MACD
- MACD shows a strong positive green candle backed up with a now $122 million volume
- OXT Volume: coinmarketcap.com/currencies/orchid/
Daily Chart
- Check out the text boxes for chart info!
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.[i/]
-Happy Trading
MoneyGrind
- Just had HUGE volume coming in! This keeps up the argument for a $1 will be even stronger. Let's start from the top!
Price Chart
- 4hr chart with price just recently breaking through the macro triangle's resistance line
- If price closes above the previous macro triangle resistance line, could see $0.74 soon
- Made a dotted green trendline on the highs. Break through this $1 will start becoming more realistic
- If we consolidated in this area for awhile may not be the bad thing.
- It's also possible we could be making a huge inverse head-and-shoulders pattern with the neckline around $0.74. If this plays out this could help OXT reach $1
RSI
- Wonderful bullish W that played out perfectly. Broke through the "Very Bullish" dotted green line so could be could possibly bounce to the upside to hit the solid green line
- Also possible we could be starting to show a declining RSI trend which could lead to temporarily lower prices
MACD
- MACD shows a strong positive green candle backed up with a now $122 million volume
- OXT Volume: coinmarketcap.com/currencies/orchid/
Daily Chart
- Check out the text boxes for chart info!
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.[i/]
-Happy Trading
MoneyGrind
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