Orchid (OXT) Geared Up After Leaving Another Channel

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.

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Link for Binance exchange, to trade crypto:

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