OXTUSD - Reached Pinch Point in Descending Triangle & Broken Out
Following on from an extended descending triangle (with a few good trades within!) we seem to have now reached a certain pinch point. From here the price has not only broken out the top edge of this aforementioned triangle, but we've received a Buy signal from our Crypto Tipster indicator; all good signs that a rise could be iminent!
Given the general bullish-ness of the whole crypto-sphere currently, another 10% gain on Orchid would not seem to unreasonable and take us up to the next level of resistance at around $0.085.
Given the general bullish-ness of the whole crypto-sphere currently, another 10% gain on Orchid would not seem to unreasonable and take us up to the next level of resistance at around $0.085.
Comment:
Have we started consolidating?
Are we going to see another push upward?
Or return to previous levels at .08500?
Let's give it another week..
Are we going to see another push upward?
Or return to previous levels at .08500?
Let's give it another week..
Comment:
Have we started consolidating?
Are we going to see another push upward?
Or return to previous levels at .08500?
Let's give it another week..
Are we going to see another push upward?
Or return to previous levels at .08500?
Let's give it another week..
Smashing 25% and still going with this open long trade, let's see how far this one goes!
p.s. We wouldn't be offended if you wanted to take profit at this stage ✌️