ORCHID - OXT/USD - 1H - Technical analysis published on 08/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 0.056088 USD and 0.060702 USD
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. ORCHID PROTOCOL - OXT/USD is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on ORCHID PROTOCOL - OXT/USD essentials for the price to rebound like this? In such a situation, it would be possible to stay away from ORCHID PROTOCOL - OXT/USD or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 0.060702 USD as an objective. Buyers would then use the next resistance located at 0.065558 USD as an objective. Crossing it would then enable buyers to target 0.067828 USD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD rating is 0.057126 USD. On the day, this instrument gained +9.29% and was between 0.050663 USD and 0.057285 USD. This implies that the price is at +12.76% from its lowest and at -0.28% from its highest.0.050663
0.057285
0.057126
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ORCHID PROTOCOL - OXT/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that the overall trend could quickly run out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.050232 | 0.056088 | 0.057126 | 0.060702 | 0.067828 | 0.072403 |
| Change (%) | -12.07% | -1.82% | - | +6.26% | +18.73% | +26.74% |
| Change | -0.006894 | -0.001038 | - | +0.003576 | +0.010702 | +0.015277 |
| Level | Major | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036768 | 0.043185 | 0.047728 | 0.054145 | 0.058688 | 0.065105 | 0.069648 |
| Camarilla | 0.049258 | 0.050263 | 0.051267 | 0.052272 | 0.053277 | 0.054281 | 0.055286 |
| Woodie | 0.035832 | 0.042717 | 0.046792 | 0.053677 | 0.057752 | 0.064637 | 0.068712 |
| Fibonacci | 0.043185 | 0.047371 | 0.049958 | 0.054145 | 0.058331 | 0.060918 | 0.065105 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009653 | 0.031261 | 0.054308 | 0.075916 | 0.098963 | 0.120571 | 0.143618 |
| Camarilla | 0.065075 | 0.069168 | 0.073262 | 0.077355 | 0.081448 | 0.085542 | 0.089635 |
| Woodie | 0.010373 | 0.031621 | 0.055028 | 0.076276 | 0.099683 | 0.120931 | 0.144338 |
| Fibonacci | 0.031261 | 0.048319 | 0.058858 | 0.075916 | 0.092974 | 0.103513 | 0.120571 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018964 | 0.033664 | 0.042261 | 0.056961 | 0.065558 | 0.080258 | 0.088855 |
| Camarilla | 0.044451 | 0.046587 | 0.048722 | 0.050858 | 0.052994 | 0.055129 | 0.057265 |
| Woodie | 0.015913 | 0.032138 | 0.039210 | 0.055435 | 0.062507 | 0.078732 | 0.085804 |
| Fibonacci | 0.033664 | 0.042564 | 0.048062 | 0.056961 | 0.065861 | 0.071359 | 0.080258 |
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): | 52.74 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -0.797883 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.053456 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.051809 | |
| Elder Ray (13): | 0.000605 | |
| Super Trend (3,10): | 0.055950 | |
| Zig ZAG (10): | 0.055510 | |
| VORTEX (21): | 1.1648 | |
| Stochastique (14,3,5): | 79.52 | |
| TEMA (21): | 0.054470 | |
| Williams %R (14): | -7.82 | |
| Chande Momentum Oscillator (20): | 0.003958 | |
| Repulse (5,40,3): | 2.5438 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2304 | |
| Courbe Coppock: | 9.56 |
| MA7: | 0.064303 | |
| MA20: | 0.062056 | |
| MA50: | 0.056038 | |
| MA100: | 0.058226 | |
| MAexp7: | 0.054635 | |
| MAexp20: | 0.054215 | |
| MAexp50: | 0.056252 | |
| MAexp100: | 0.060166 | |
| Price / MA7: | -11.16% | |
| Price / MA20: | -7.94% | |
| Price / MA50: | +1.94% | |
| Price / MA100: | -1.89% | |
| Price / MAexp7: | +4.56% | |
| Price / MAexp20: | +5.37% | |
| Price / MAexp50: | +1.55% | |
| Price / MAexp100: | -5.05% |
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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