Today it can continue to please with profitsOAX. The token ends withvibextinguishing the bearish trend formed on the weekly and monthly chart. In the process of investing against this trend, it gave several impulses of 50%+ and more than a dozen opportunities to earn 30%+. In my opinion, such trading is much more interesting than a trend with blurred goals and a long drawdown in the event of a market collapse, so I consider such coins for trading first.
But today I want to consider, in addition to the opportunities for profitable scalping, the main medium-term picture and the growing probability of the main growth wave. As I expected, before the opening of the new monthly candle, an attempt was made to retest the key volatility level of 0.25, but the negative overall market dynamics did not provide sufficient volatility. However, the gradual growth of the trend accelerated, which allowed opening the second half of the quarter above 0.175, providing a clear technical signal for a transition to the range of 0.25-35 and growth in the second half of the quarter. Indirectly, this also hints at the fact that the token is apparently not in danger of being delisted yet.
As of today, there is still a possibility for a breakout to 0.25 this week in case of sufficient volatility in the market. A signal for this could be a re-high on the ether of yesterday's daily chart or a move on the alt index above 9.75% with an attempt to break through 10%. In case of a lack of sufficient volatility, we can expect a small pullback at the beginning of the week to draw a shadow on a new weekly candle under the threat of delisting, which is typical for all coins with the monitoring tag, and a subsequent powerful breakout in the second half of the week already within the framework of a change in trend on the weekly chart to bullish. To understand the medium-term picture and the growth potential, it is worth considering the monthly and weekly charts where the second bottom has formed. On the monthly chart, the picture for OAX is very similar to PROS. Technically, the growth potential reaches 0.75-1.0. Apart from oax and vib, there are no other oversold coins with similar growth potential on binance.
The most dangerous instruments that are in the development stage have the greatest growth potential, which we have already seen in the example of pros and troy, however, there is still a possibility of delisting in case of problems with the project. In this regard, I would like to repeat once again and remind you of the need to carefully weigh money management, choosing a moderate position on dangerous instruments to insure against large losses in case of an error, delisting or a long drawdown. Also, prioritize trading coins with the monitoring tag in the second half of the week, since delistings most often occurred in the first half.