ORCHID - OXT/USD - 1H - Technical analysis published on 07/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 0.050932 USD
My targets
0.049618 USD (-1.01%)
0.048840 USD (-2.56%)
My analysis
The bearish basic trend is very strong on ORCHID PROTOCOL - OXT/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.050932 USD. Crossing the first support at 0.049618 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.048840 USD as an objective. Crossing it would then enable sellers to target 0.048225 USD. Caution, a return to above the resistance located at 0.050932 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD rating is 0.050123 USD. On the day, this instrument lost -0.02% with the lowest point at 0.049946 USD and the highest point at 0.050806 USD. The deviation from the price is +0.35% for the low point and -1.34% for the high point.0.049946
0.050806
0.050123
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ORCHID PROTOCOL - OXT/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.048225 | 0.048840 | 0.049618 | 0.050123 | 0.050250 | 0.050932 | 0.051744 |
| Change (%) | -3.79% | -2.56% | -1.01% | - | +0.25% | +1.61% | +3.23% |
| Change | -0.001898 | -0.001283 | -0.000505 | - | +0.000127 | +0.000809 | +0.001621 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.046854 | 0.048150 | 0.049142 | 0.050438 | 0.051430 | 0.052726 | 0.053718 |
| Camarilla | 0.049505 | 0.049715 | 0.049924 | 0.050134 | 0.050344 | 0.050554 | 0.050763 |
| Woodie | 0.046702 | 0.048074 | 0.048990 | 0.050362 | 0.051278 | 0.052650 | 0.053566 |
| Fibonacci | 0.048150 | 0.049024 | 0.049564 | 0.050438 | 0.051312 | 0.051852 | 0.052726 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042209 | 0.045525 | 0.048808 | 0.052124 | 0.055407 | 0.058723 | 0.062006 |
| Camarilla | 0.050277 | 0.050882 | 0.051487 | 0.052092 | 0.052697 | 0.053302 | 0.053907 |
| Woodie | 0.042194 | 0.045517 | 0.048793 | 0.052116 | 0.055392 | 0.058715 | 0.061991 |
| Fibonacci | 0.045525 | 0.048046 | 0.049603 | 0.052124 | 0.054645 | 0.056202 | 0.058723 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020532 | 0.033412 | 0.042550 | 0.055430 | 0.064568 | 0.077448 | 0.086586 |
| Camarilla | 0.045632 | 0.047650 | 0.049669 | 0.051687 | 0.053705 | 0.055724 | 0.057742 |
| Woodie | 0.018660 | 0.032477 | 0.040678 | 0.054495 | 0.062696 | 0.076513 | 0.084714 |
| Fibonacci | 0.033412 | 0.041823 | 0.047020 | 0.055430 | 0.063841 | 0.069038 | 0.077448 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.38 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.292369 | |
| AROON (14): | -35.714285 | |
| DEMA (21): | 0.050105 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.050739 | |
| Elder Ray (13): | -0.000011 | |
| Super Trend (3,10): | 0.051017 | |
| Zig ZAG (10): | 0.050169 | |
| VORTEX (21): | 0.8890 | |
| Stochastique (14,3,5): | 33.47 | |
| TEMA (21): | 0.050165 | |
| Williams %R (14): | -74.07 | |
| Chande Momentum Oscillator (20): | -0.000028 | |
| Repulse (5,40,3): | 0.2360 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0457 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.051594 | |
| MA20: | 0.052373 | |
| MA50: | 0.054221 | |
| MA100: | 0.065231 | |
| MAexp7: | 0.050202 | |
| MAexp20: | 0.050311 | |
| MAexp50: | 0.050686 | |
| MAexp100: | 0.051176 | |
| Price / MA7: | -2.85% | |
| Price / MA20: | -4.30% | |
| Price / MA50: | -7.56% | |
| Price / MA100: | -23.16% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -2.06% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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