Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Orchid price action had earlier broken through the support level at the $0.0604 mark. However, it appears that buyers have mounted resistance to a further downward correction at the $0.0570 mark.
OXT Statistics:
Orchid Value Now: $0.0594
OXT Market Cap: $57,649,681
Orchid Circulating Supply: 962,629,339 OXT
OXT Total Supply: 1,000,000,000 OXT
Orchid CoinMarketCap Ranking: 309
Major Price Levels:
Top: $0.0594, $0.0630, and $0.0660
Base: $0.0550, $0.0500, and $0.0450
OXT Finds a Strong Footing at the $0.0570 Mark
Orchid price action is pointing out that buyers have resumed buying after price action fell through the $0.0604 mark. Also, the last price candle on this chart shows that the support mark at the $0.0570 mark may be very strong as price action has bounced off it for the second time.
Likewise, the Relative Strength Index (RSI) indicator’s leading line can now be seen correcting sharply sideways at this point. Nevertheless, trading activities continue to happen below the 9- and 21-day Smooth Moving Average SMA curves and at a critical point of a crossover. However, it appears that buyers may be strong enough to defy the resultant effect.
Orchid Stays Favored but Seems Rather Fragile
OXT generally takes a favorable stand against headwinds in the 4-hour market. The price candle for the ongoing session can be seen sitting just above the 21-day SMA curve as price action rises smoothly upwards. This has bullish implications for this token, as buyers may grow more confident.
However, the behavior of the RSI indicator may be raising the alarm that upside momentum may be burning too much fuel for very little price increase. This can be seen as the lines of this indicator have risen very deep into the overbought region at this point. This seems to warn traders that a downward correction may occur as soon as price action hits near the $0.0604 mark.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
