Long setup pre altcoin run, lottery ticket #1
I don't have an extensive explanation, the chart does the talking. look for breakouts above key moving average past the recent pullback.
Below 0.1777 we are looking to the downside to complete wave (2) of wave ((3)). Possible target for the correction into the previous 4th wave of wave (1) of wave ((3)), approx. 0.1176 where we have also 0.618 fib retracement.
Invalidation below 0.0823.
By looking at this chart, OXTUSD (Orchid) we can learn about the difference between a flat bottom and a rounded bottom.
Just as it happens with a consolidation phase, the longer it takes for a breakout to happen, the stronger the ensuing move becomes.
Orchid is now facing the current bottom pattern resistance.
Once this resistance breaks, we can expect very...
Its looking like we finally broke out a multi month descending wedge. Will we keep going up? I certainly don't have a crystal ball, but if the break-away plays out, we can see a good pump to about 10 cent levels followed by a continuation to higher levels. Lets see where it goes and how many people fear getting left behind. -- Lets have another FOMO event!
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...
OXT is making a series of advancements as it crawls up microtrend support on its way to the Fib ladder. New demand seems to be emerging as it brushes the 1.0 lower level. Looking for more advancements. Profit/Sell zones between the .272 and .618. (.618 caps out the MacLV1). Good luck.
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Looking at this chart we see a lot of candle "wicks" pointing upwards.
As a new trader I had no idea what was going on because it takes some time reading candles to relate all the candles you see to what is happening in the market with actual trades.
Answer: These vertical wicks mean the price spiked over and over, but after each spike selling took...
Descending wedge with a measurement right to the top trend line Tracking the peaks. This is too perfect to be true. Can this happen during such an oversold market with FUD running rampant? Well, it wouldn't be the first time OXT took off out of no where to $1 leaving everyone on Coinbase with level 10 FOMO. While many people are speculating that BTC can see...
OXT is showing its strength -- can it pull through and get back over previous major support (Now resistance) around the .20 cent range. If it did, it would be a proverbial, three pointer at the buzzer sending them into overtime! ;)
OXT at the moment is extremely oversold i believe that we can see a push upwards at any moment. Depth charts show that there isn’t much resistance in order to make it back to the .20 cent level minimum. At the moment, OXT is showing a bullishly biased ascending triangle and if we can break the trend line and close above, we could be in for a decent return to...
OXT is an interesting coin in that the charts have always been a little easier to read than most others. OXT is currently in its low ends of the price spectrum, which means people are scooping up coins prepping for the next run up. OXT tends to shoot up out of no where and as you can see in the chart, it seems to pop up roughly every 8 months. If this cycle...
0.21 Area needs to hold, if we hold this area the move upwards will be unlike anything seen since XRP March 2017. I don't even know how to comprehend how high it will move. if you don't have OXT I urge you to buy some even just a small bag.
