Hi friends hope you are well and welcome to the new update on Orchid ( OXT ).
Broke out channel:
On a daily time frame, since 10th Nov 2021, the priceline of OXT was moving in a down channel . Finally on 16th Dec it has broken out the channel. Now there are two major resistance levels, 1st is at $0.5750 and the second is at $0.7260. We can also set these levels as our sell targets as well. There is also very strong support at $0.3650, which can be used as a stop loss.
Broadening wedge and weekly oscilltor:
On weekly chart, OXT has formed a broadening wedge formation and now getting bounced by the support. The stochastic oscillator is also getting out from the oversold zone. This time there is a high probability that the OXT we again set another higher high.
You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
▶️ 3Speak
