Overview - Overall OXT is expressing its bullish behavior and long-term could eventually hit an ATH. Let's start from the top!
Price Chart - Daily chart with 20/50/200 MA's to help indicate future supports - $0.78 is a critical resistance test and if broken could easily send OXT to $0.85. Break $0.85, $1 will be tested - Symmetrical triangles are known to be bullish and that was the case here. We finally got the obvious breakout we were waiting for - Could be forming an inverse head and shoulders that would send OXT to the moon, for this to occur we might see a short-term price drop (Or this shoulder already occurred in the highlighted 11 bars) - IF ATH occurs, possible conservative new ATH's are marked - Daily close above $0.75 and OXT is VERY BULLISH - Volume is now over $100,000,000 :D
RSI - Great structure in the RSI with plenty of more room to go, could hit yellow line when ATH is hit - Starting to become overbought - Has been bouncing off the red line nicely - Notice before the last ATH occurred, the ascending trend line was touched three times before mooning, we are in the middle of bounce 3
MACD - Signal line(blue) over MACD(orange) = rally time - Momentum pattern 2 seems to be the same as momentum pattern 1. Makes me think we will see consolidation occur above $1 in the future
OXTBTC Chart - Text box explain most, overall break this symmetrical and some real magic could happen
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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.
@MoneyGrind , awesome analysis!!! A lot of movement in a short period of time. Feels like a test of .95 and then room for a retrace for accumulation above .7200 prior to 1.2 . Thoughts on a higher low?
MoneyGrind
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@a87 Thank you! Honestly hard to say since we have the meetings coming up soon and it's quite possible those will have an impact on price as well. Been thinking too that we could have a short retrace before hitting new ATH with support being around $0.78-79. but also possible we make new ATH's before retrace since volume is crazy high right now
UnknownUnicorn16466101
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@MoneyGrind, don't doubt yourself now. You were charting this from the start. It’s already broken the 0.86 fib. The next one is over 1.00. Honestly i doubted 0.86 before next week. Its the LINK effect.
MoneyGrind
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@Iaminacult, No doubting here! Just providing possibly possible scenarios that represent the current indicators. Still very bullish long-term!
MoneyGrind
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@a87 ALSO! Possible to start retrace pattern when RSI touches green line unless it's just way too bullish right now and wants to keep going
a87
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@MoneyGrind, thanks for the response! Going by gut but sentiment tells me we see upper .9s first. Then retrace. A lot of chatter around cashing out at .1
MoneyGrind
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@a87 Anytime! Believe we should hit upper $0.9 too. Also will be selling 15% of my bag at $1 then saving the rest for later highs
MoneyGrind
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@a87 I guess I should also add that I'll be reinvesting that %15 in a low risk area if we see an obvious retrace occuring
a87
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@MoneyGrind, same here. I have been acting much more conservatively though. Modest gains and modest losses 😁.
Hey, do you by chance have a channel we can follow. Would appreciate a little more targeted advice. Thanks!
smaji101
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A few points that I collected from a video on youtube - #1 - One speaker in the conference next week is a well known security advisor who has more than 4M followers. It is likely that there could be much more interest. #2 - The circulation supply has not been increasing lately. #3 - A flaw in the program seems to have been fixed of late which has resulted in less pump and dump by bots. All the above makes me bullish beyond the targets mentioned here but that's just my perception.