ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 03/12/2024 (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
72%
6%
22%
My opinion
Bullish above 0.163265 USD
My targets
0.169032 USD (+1.80%)
0.177750 USD (+7.05%)
My analysis
ORCHID PROTOCOL - OXT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.163265 USD. The next resistance located at 0.169032 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.177750 USD. After this resistance, buyers could then target 0.217167 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD rating is 0.166049 USD. On the day, this instrument lost -0.27% and was traded between 0.155115 USD and 0.168640 USD over the period. The price is currently at +7.05% from its lowest and -1.54% from its highest.0.155115
0.168640
0.166049
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
Here is a more detailed summary of the historical variations registered by ORCHID PROTOCOL - OXT/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ORCHID PROTOCOL - OXT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this ORCHID PROTOCOL - OXT/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 0.145715 | 0.152474 | 0.163265 | 0.166049 | 0.169032 | 0.217167 | 0.314090 |
| Change (%) | -12.25% | -8.18% | -1.68% | - | +1.80% | +30.78% | +89.16% |
| Change | -0.020334 | -0.013575 | -0.002784 | - | +0.002983 | +0.051118 | +0.148041 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.140307 | 0.145657 | 0.156081 | 0.161431 | 0.171855 | 0.177205 | 0.187629 |
| Camarilla | 0.162168 | 0.163614 | 0.165060 | 0.166506 | 0.167952 | 0.169398 | 0.170844 |
| Woodie | 0.142845 | 0.146926 | 0.158619 | 0.162700 | 0.174393 | 0.178474 | 0.190167 |
| Fibonacci | 0.145657 | 0.151682 | 0.155405 | 0.161431 | 0.167456 | 0.171179 | 0.177205 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078712 | 0.099113 | 0.128231 | 0.148632 | 0.177750 | 0.198151 | 0.227269 |
| Camarilla | 0.143732 | 0.148272 | 0.152811 | 0.157350 | 0.161889 | 0.166429 | 0.170968 |
| Woodie | 0.083072 | 0.101292 | 0.132591 | 0.150811 | 0.182110 | 0.200330 | 0.231629 |
| Fibonacci | 0.099113 | 0.118029 | 0.129715 | 0.148632 | 0.167548 | 0.179234 | 0.198151 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.047521 | 0.068371 | 0.097814 | 0.118664 | 0.148107 | 0.168957 | 0.198400 |
| Camarilla | 0.113426 | 0.118037 | 0.122647 | 0.127257 | 0.131867 | 0.136477 | 0.141088 |
| Woodie | 0.051818 | 0.070519 | 0.102111 | 0.120812 | 0.152404 | 0.171105 | 0.202697 |
| Fibonacci | 0.068371 | 0.087583 | 0.099452 | 0.118664 | 0.137876 | 0.149745 | 0.168957 |
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): | 57.08 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -3.909300 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.165428 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.155372 | |
| Elder Ray (13): | 0.001667 | |
| Super Trend (3,10): | 0.159770 | |
| Zig ZAG (10): | 0.166800 | |
| VORTEX (21): | 0.9922 | |
| Stochastique (14,3,5): | 86.19 | |
| TEMA (21): | 0.165258 | |
| Williams %R (14): | -4.04 | |
| Chande Momentum Oscillator (20): | 0.005312 | |
| Repulse (5,40,3): | 3.1146 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0508 | |
| Courbe Coppock: | 0.29 |
| MA7: | 0.157504 | |
| MA20: | 0.141465 | |
| MA50: | 0.117687 | |
| MA100: | 0.105623 | |
| MAexp7: | 0.165181 | |
| MAexp20: | 0.164611 | |
| MAexp50: | 0.162928 | |
| MAexp100: | 0.160035 | |
| Price / MA7: | +5.43% | |
| Price / MA20: | +17.38% | |
| Price / MA50: | +41.09% | |
| Price / MA100: | +57.21% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +1.92% | |
| Price / MAexp100: | +3.76% |
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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