OXTUSD Could Be Fueling Up For Another Run
Overview
- Overall, still very bullish on OXT and I believe great things can happen to this coin as long as BTC does not dump. Since we are still in the triangle, there really isn't too much more data but hope this helps yah out at least a little. Let's start from the top!
Price Chart
- Plotted a trendline that followed the new higher lows(light-yellow) off the U-shaped price pattern that is being created inside the flag. Same pattern that started it all
- Since BTC dumped a little, this trend could be a little broken if the 4hr doesn't close above the line
- very bullish as long as we stay above the strong support of $0.56
- Tomorrow will start the three day range( days 8-11) since the last high so we'll see if a break out occurs (really just curious to see if my weird calculations are accurate)
RSI
- 44.9 value is holding nicely on the RSI. Break above the 60.0 value and good things are to come
- Why 60.0? Price has bounced off this value lots of times in the past so breaking this would add to the bullish argument
MACD
- OXT is having a tough time shaking selling pressure but still holding it's ground above bullish levels
I do my best to bring all the data to the table so if you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin.
As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for useful trading strategies and updates for this coin.
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.
-Happy Trading
- Overall, still very bullish on OXT and I believe great things can happen to this coin as long as BTC does not dump. Since we are still in the triangle, there really isn't too much more data but hope this helps yah out at least a little. Let's start from the top!
Price Chart
- Plotted a trendline that followed the new higher lows(light-yellow) off the U-shaped price pattern that is being created inside the flag. Same pattern that started it all
- Since BTC dumped a little, this trend could be a little broken if the 4hr doesn't close above the line
- very bullish as long as we stay above the strong support of $0.56
- Tomorrow will start the three day range( days 8-11) since the last high so we'll see if a break out occurs (really just curious to see if my weird calculations are accurate)
RSI
- 44.9 value is holding nicely on the RSI. Break above the 60.0 value and good things are to come
- Why 60.0? Price has bounced off this value lots of times in the past so breaking this would add to the bullish argument
MACD
- OXT is having a tough time shaking selling pressure but still holding it's ground above bullish levels
I do my best to bring all the data to the table so if you guys enjoyed this analysis or learned something new, please like this post so more people can be aware of the possibilities of this coin.
As always, if you're invested in this asset or just interested in the price action, feel free to follow for DAILY UPDATES for useful trading strategies and updates for this coin.
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.
-Happy Trading
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