Down then up?Based on past price movement and current market conditions, it is my opinion that this is the path we will take to *finally* break out of this falling wedge.
Orchid
Cluster f*ck.OXT is trapped under various possible resistances. Until we get a decent surge in volume, I expect to remain under this area for a while and see very slow movement.
BTD OXT BULLISH FORMATION CONFIRMEDBuy the dip, huge cup and handle formation spotted on day chart. This is not financial advice.
OXT jumps on high volume falls on low volumeOXT jumps on high volume falls on low volume
we either do one more bounce to break all time highs or that was it and we are almost retraced before assenting higher. This is not based on fundamentals but bullish atmosphere in the market.
Also I am a painter and these are my paintings - not financial advice.
Three channels I expect us to crawl up the bottom of the top channel until we see some volume , strong bias here. major support .40, major res .65
ORCHID (OXT) MAY JUST BE GETTING STARTED...After rising more than 6x in a month, and then falling back, many traders think OXT is done. But all good trend followers know this could be the beginning.
OXT tried to take out the all-time-high but failed. If it makes another attempt, and succeeds, there will be nothing but clear blue sky above the price, and that means no more unpleasant selling pressure from people who bought at the first peak late last year, then HODL'D, lost nearly all their money and are now desperate to sell at their breakeven point. This is one of the psychological factors that often causes stocks/cryptos to soar once they pass their previous all-time-high.
I am waiting for the current short-term pattern to mature and hopefully break out to the upside. If it does, that's when I'll buy, as the risk/reward will offer the possibility of a big win, with my stop-loss ensuring very limited downside.
Potential bounce in Orchird OXTI’m half expecting this to find support inside the yellow circle. If it starts to trade sideways there, I will be looking for longs with a tight stop as always.
Mcap is tiny so I think we have plenty of room above. We will know for sure in a few days.
Amazing Pomp on OXT Orchid Loading next?Impressive Gains was from 0.17-0.24cents after 0.24-0.50cents, then 0.50-1$
Now we see forming the same chart as was in 0.20cnt are!!!
Volume Decrease til finally pumping.
Loading time!!!
OXT on the 1hrHi,
Trend is finally old enough to make sense on the 1hr. here is the new chart with 1hr levels.
Orchid breaking out against $BTC now $OXT bullish - Above $0.20$BTC holding and $OXT breaking out against BTC. Long in USDT pairings to max gains.
OXT support levelsCongrats to those that secured profit at $1
We are currently in distribution and would stay away until OXT finds support for another run up. I have my short support levels shown.
OXT Utility and Development OXT also known as Orchid built on the Ethereum Blockchain is the first crypto that I’ve seen that has a real life use that is available to be used by VPN users to maintain privacy between server administrators and end users. This prevents user’s browsing and other internet activity from being under risk of subpoenas.
I downloaded Orchid from the App Store yesterday and have been extremely impressed with the app design and the user experience through their user interface.
So, not only is there utility to the coin through the VPN implementation, but this effort proves that OXT is not merely a pump and dump coin, no, they clearly have a development team who is swinging for the fences with big metal bats (capital).
Revenue generated from the success of their app just increases the size of the proverbial bat. Lastly, Binance does not yet list this coin so there will be a huge buying wave when (not if) it is listed on binance.com and binance.us
Bull flag confirmation - time to go higherWe were able to break the previous resistance of $0.2850 and took down those high sell walls. This is a 2 hour chart show confirmation and upward momentum from the bull flag. Let's see how much higher we go.
OXT/USDNot financial advice of course, but OXT is looking pretty interesting. OXT is usually in the same range as BAT and XRP. Time to catch up ... ?
OXTUSD Short term 26% gainIt looks that it might hit 0.24 in the coming days for 26% gain. ADX above 25, waiting for increased volume to enter the trade
Gotta see if she holds it boysThat last push brought us out of triangle.
Wait for confirmation.
Support at previous 4h open @ 0.20 region (aka top of triangle)
