bobsbluebull

OXT bullish falling wedge?!? Downtrend reversal imminent?!?

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COINBASE:OXTUSD   Orchid
All info is on the chart! OXT looks prime for a breakout of a long term falling wedge! Daily RSI is oversold. There are RSI divergences on daily, 12hr, and 4 hr chart. Selling volume is decreasing and oscillation is dropping. It is near the .382 fib retracement level and nearing old support. Doji candles near the convergence of the falling wedge signaling a possible trend reversal. Price is moving more and more sideways, and less down. More signs of a trend reversal than I have ever witnessed on one chart. LOL... The only signal missing is a breakout of the wedge with volume! Good day traders, and happy trading to you! :)

-This is not financial advice, and I am not a financial advisor!

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