OrchidLargo
OXT Starting To Show Bullish Behavior
Overview
- You may have noticed that I haven't been posting charts daily and that's mainly because there wasn't much to show. However, if you would like to know a mini analysis of what OXT could be doing, please let me in the comments! Now that we have broken, in my opinion, one of the two needed resistances, getting back above $0.53 is more likely. Let's start from the top!
Price Chart
- On the chart you'll see that we broke the resistance line of the triangle which is very bullish. You'll also see that be bounced from the 20MA which is the next resistance that needs to be broken in order to get to $0.53
- Quite simply, as long as we stay above the 50MA(yellow) it's bullish in my opinion
RSI
- RSI is showing an ascending channel which I have marked the possible line(Upper Green) the RSI could bounce off of in the future. Hopefully this is when we reach $0.53
MACD
- With the MACD we are showing signs of returning back to positive momentum with the Signal line(Blue) just barely above the MACD(red). We want to see the blue line over red because that indicates a bullish pattern
Again if you felt worried at all and want a mini analysis, please let me know! As always, if you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and trading strategies.🏆
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
MoneyGrind
- You may have noticed that I haven't been posting charts daily and that's mainly because there wasn't much to show. However, if you would like to know a mini analysis of what OXT could be doing, please let me in the comments! Now that we have broken, in my opinion, one of the two needed resistances, getting back above $0.53 is more likely. Let's start from the top!
Price Chart
- On the chart you'll see that we broke the resistance line of the triangle which is very bullish. You'll also see that be bounced from the 20MA which is the next resistance that needs to be broken in order to get to $0.53
- Quite simply, as long as we stay above the 50MA(yellow) it's bullish in my opinion
RSI
- RSI is showing an ascending channel which I have marked the possible line(Upper Green) the RSI could bounce off of in the future. Hopefully this is when we reach $0.53
MACD
- With the MACD we are showing signs of returning back to positive momentum with the Signal line(Blue) just barely above the MACD(red). We want to see the blue line over red because that indicates a bullish pattern
Again if you felt worried at all and want a mini analysis, please let me know! As always, if you enjoyed this analysis or learned something new, please like this idea so more people can be aware of the possibilities of this coin.👍
Feel free to follow for for important updates for this coin and trading strategies.🏆
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
MoneyGrind
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