ORCHID - OXT/USD - 1H - Technical analysis published on 09/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.067533 USD
My targets
0.075017 USD (+5.19%)
0.081931 USD (+14.88%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ORCHID PROTOCOL - OXT/USD as long as the price remains well above 0.067533 USD. The buyers' bullish objective is set at 0.075017 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.081931 USD. If there is any crossing, the next objective would be the resistance located at 0.085515 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD price is 0.071317 USD. The price registered an increase of +7.69% on the session with the lowest point at 0.064864 USD and the highest point at 0.073552 USD. The deviation from the price is +9.95% for the low point and -3.04% for the high point.0.064864
0.073552
0.071317
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ORCHID PROTOCOL - OXT/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.064587 | 0.065103 | 0.067344 | 0.071317 | 0.081931 | 0.085515 | 0.089655 |
| Change (%) | -9.44% | -8.71% | -5.57% | - | +14.88% | +19.91% | +25.71% |
| Change | -0.006730 | -0.006214 | -0.003973 | - | +0.010614 | +0.014198 | +0.018338 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.058546 | 0.060418 | 0.063186 | 0.065058 | 0.067826 | 0.069698 | 0.072466 |
| Camarilla | 0.064678 | 0.065103 | 0.065529 | 0.065954 | 0.066379 | 0.066805 | 0.067230 |
| Woodie | 0.058994 | 0.060642 | 0.063634 | 0.065282 | 0.068274 | 0.069922 | 0.072914 |
| Fibonacci | 0.060418 | 0.062191 | 0.063286 | 0.065058 | 0.066831 | 0.067926 | 0.069698 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.052565 | 0.057352 | 0.060049 | 0.064836 | 0.067533 | 0.072320 | 0.075017 |
| Camarilla | 0.060689 | 0.061375 | 0.062061 | 0.062747 | 0.063433 | 0.064119 | 0.064805 |
| Woodie | 0.051521 | 0.056830 | 0.059005 | 0.064314 | 0.066489 | 0.071798 | 0.073973 |
| Fibonacci | 0.057352 | 0.060211 | 0.061977 | 0.064836 | 0.067695 | 0.069461 | 0.072320 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006536 | 0.028069 | 0.043074 | 0.064607 | 0.079612 | 0.101145 | 0.116150 |
| Camarilla | 0.048032 | 0.051381 | 0.054731 | 0.058080 | 0.061429 | 0.064779 | 0.068128 |
| Woodie | 0.003273 | 0.026437 | 0.039811 | 0.062975 | 0.076349 | 0.099513 | 0.112887 |
| Fibonacci | 0.028069 | 0.042026 | 0.050649 | 0.064607 | 0.078564 | 0.087187 | 0.101145 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 72.63 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 39.672306 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.069297 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.067434 | |
| Elder Ray (13): | 0.002634 | |
| Super Trend (3,10): | 0.067304 | |
| Zig ZAG (10): | 0.071039 | |
| VORTEX (21): | 1.2090 | |
| Stochastique (14,3,5): | 78.17 | |
| TEMA (21): | 0.070299 | |
| Williams %R (14): | -19.84 | |
| Chande Momentum Oscillator (20): | 0.005709 | |
| Repulse (5,40,3): | 3.5863 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2070 | |
| Courbe Coppock: | 10.93 |
| MA7: | 0.064766 | |
| MA20: | 0.065510 | |
| MA50: | 0.063531 | |
| MA100: | 0.058962 | |
| MAexp7: | 0.069753 | |
| MAexp20: | 0.067250 | |
| MAexp50: | 0.065895 | |
| MAexp100: | 0.064827 | |
| Price / MA7: | +10.11% | |
| Price / MA20: | +8.86% | |
| Price / MA50: | +12.26% | |
| Price / MA100: | +20.95% | |
| Price / MAexp7: | +2.24% | |
| Price / MAexp20: | +6.05% | |
| Price / MAexp50: | +8.23% | |
| Price / MAexp100: | +10.01% |
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.
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