Look Familiar? BULLISH Pennant in the Making
Updated
Overview
- Overall could be forming the SAME previous ATH structure(see below) that will REALLY make OXT breakout! This could get exciting real fast if this actually plays out. Let's start from the top!
Price Chart
- 4hr Chart with 20/50/200 MA's to help indicate future supports
- Currently forming a bullish pennant that could propel OXT's price even higher. Hopefully splashing through the $0.85 and $0.92 resistances and towards a new ATH
- 20MA(green) starting to work its way above the 50MA(yellow). Better to have shorter time frame over the longer time frame. If this is confusing feel free to ask for a complete definition down below!
- Breakout could also occur when we break the declining resistance shown on the chart
- BTC stays bullish, enjoy the HUGE move OXT could possibly make a 37% gain if we reach $1
RSI
- Jumped back into the ascending channel! very bullish
Stoch
- Stoch currently has a value of 70 which is bullish
Before ATH Structure
Extra 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 👍
FOLLOW for important updates for this coin and helpful 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 could be forming the SAME previous ATH structure(see below) that will REALLY make OXT breakout! This could get exciting real fast if this actually plays out. Let's start from the top!
Price Chart
- 4hr Chart with 20/50/200 MA's to help indicate future supports
- Currently forming a bullish pennant that could propel OXT's price even higher. Hopefully splashing through the $0.85 and $0.92 resistances and towards a new ATH
- 20MA(green) starting to work its way above the 50MA(yellow). Better to have shorter time frame over the longer time frame. If this is confusing feel free to ask for a complete definition down below!
- Breakout could also occur when we break the declining resistance shown on the chart
- BTC stays bullish, enjoy the HUGE move OXT could possibly make a 37% gain if we reach $1
RSI
- Jumped back into the ascending channel! very bullish
Stoch
- Stoch currently has a value of 70 which is bullish
Before ATH Structure
Extra 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 👍
FOLLOW for important updates for this coin and helpful 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
Note
- OXT is attempting to breakout from the bullish pennant!
- If successful, could be seeing $0.85 as next resistance
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