Weekly chart for OXT for long-term trend. Used EW and I think we're finishing up the 4th wave at the 0.618 fib. We'll keep an eye on BTC to see any movements lower or to invalidate this chart. I'm eyeing the 5th wave to $1.50 - $1.80.
Great Analysis! When do you think this will play out?
caaaasper
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@ajaylegend71, It's all dependent on BTC and how the rest of the market will move because altcoins are still pegged to BTC. Also, I think the previous resistances of $0.40, $0.52, $0.60 will need to break for a confirmation of a reversal. The short answer is hopefully before the end of the month, if everything plays right.