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OXTUSD Orchid Target Still $1.25-$1.40 before April 15th
Atualizado
Hi guys. A few months ago I posted the following idea which made a case for OXT reaching $1.25 on or before April 15th. You can view that idea here:
This chart really is just adding to that original idea. It's a noisy chart, I know. I failed to clean it up before posting only because I wanted to keep all of the indicators in place for my own information.
So, after you go back and read my original post, come back here and find a few more indicators leading me to believe OXTUSD will reach, at least, $1.25 - and quite possibly $1.40!
What I have observed (and you can take this for what it's worth), is that BATUSDC and OXTUSD seem to feed of each other's PUMP. First BAT rises and then OXT follows this ALTCOIN's lead. After that, many of the other alts on Coinbase will generally follow.
So, on Coinbase, traders obviously start with the big dawg, Bitcoin. Ethereum will follow. Then bigger alts like LTC. Then BAT. Finally, OXT. And then the other ALTS. The money seems to trickle down in about that order. Obviously, not always. But a pretty good generality to observe. I simply use this precedent as another timing indicator of sorts.
Because OXT likes to copycat what BAT does, I have included some of those calculations on this chart simply for reference. BAT recently mooned. Much of this was on the news that it would be developing it's own DEX. This is great news. Obviously, from my profile pic, you can see I am a huge fan of BAT. I do think it will join the ranks of the big dawgs in short time. But enough about BAT. You came here to read about OXT.
Here's what I have calculated so far:
Anywho, I just wanted to give a few more talking points to discuss on my previous price prediction here. Let me know what you all think in the comments below.
I wish you all the very best!
Please be sure to go back and read my previous post from a few weeks ago here:
This chart really is just adding to that original idea. It's a noisy chart, I know. I failed to clean it up before posting only because I wanted to keep all of the indicators in place for my own information.
So, after you go back and read my original post, come back here and find a few more indicators leading me to believe OXTUSD will reach, at least, $1.25 - and quite possibly $1.40!
What I have observed (and you can take this for what it's worth), is that BATUSDC and OXTUSD seem to feed of each other's PUMP. First BAT rises and then OXT follows this ALTCOIN's lead. After that, many of the other alts on Coinbase will generally follow.
So, on Coinbase, traders obviously start with the big dawg, Bitcoin. Ethereum will follow. Then bigger alts like LTC. Then BAT. Finally, OXT. And then the other ALTS. The money seems to trickle down in about that order. Obviously, not always. But a pretty good generality to observe. I simply use this precedent as another timing indicator of sorts.
Because OXT likes to copycat what BAT does, I have included some of those calculations on this chart simply for reference. BAT recently mooned. Much of this was on the news that it would be developing it's own DEX. This is great news. Obviously, from my profile pic, you can see I am a huge fan of BAT. I do think it will join the ranks of the big dawgs in short time. But enough about BAT. You came here to read about OXT.
Here's what I have calculated so far:
- I have noticed, on average, most crypto will top out or have a top line resistance/target of 2.8x multiple from current 200 day moving avg. Therefore, if you take the current 200ma and multiply it time 2.8x, you can have an idea of where your coin might go. In this case, OXT current 200ma sits at .33 cents. This gives us a fairly reasonable and safe target (IMO) of around .92 cents. That could be a first target which we have almost reached today, as of this post.
- My second line takes the BAT price, which OXT tends to copy, to find what that multiple is. BAT topped out at $1.38 so far. Still could go higher (and I think it will). But let's take that price for now and use it in our calculations to give us another idea of where OXT might end up. BAT reached $1.38 but it's 200ma was only .32 cents. That give's us a multiple of 4.3x BAT's current 200ma! Awesome!
- Now, if OXT were to follow the same results, which it surprisingly tends to do historically, then we should see OXT reaching a price of $1.41. Now, this, to me seems like a pretty aggressive target and I don't see myself holding OXT past the $1.25 mark, however, anything can happen as you all know. And this only gives me further affirmation that my $1.25 price point from a few months ago is not far off! I will attempt to hold at least %33 of my entire stake here until we reach this mark. I will be taking profits (and have already) at various markers along the way.
- One final indicator is that $1.40 is exactly 2.168 Fib retracement of OXT's previous high from a few weeks ago! And this, you can note, is where a LOT of the ALTCOINS are headed. Some, like BAT, have already reached!
Anywho, I just wanted to give a few more talking points to discuss on my previous price prediction here. Let me know what you all think in the comments below.
I wish you all the very best!
Please be sure to go back and read my previous post from a few weeks ago here:
Nota
Price double incoming! T-20 days.
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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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