ORCHID - OXT/USD - 1H - Technical analysis published on 09/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.079983 USD
My targets
0.077308 USD (-0.95%)
0.076523 USD (-1.95%)
My analysis
The bearish trend is currently very strong for ORCHID PROTOCOL - OXT/USD. As long as the price remains below the resistance at 0.079983 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.077308 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.076523 USD as an objective. Crossing it would then enable sellers to target 0.074494 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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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 0.078046 USD. The price registered a decrease of -0.22% on the session with the lowest point at 0.076041 USD and the highest point at 0.079128 USD. The deviation from the price is +2.64% for the low point and -1.37% for the high point.0.076041
0.079128
0.078046
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ORCHID PROTOCOL - OXT/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.074494 | 0.076523 | 0.077308 | 0.078046 | 0.078246 | 0.079983 | 0.080826 |
| Change (%) | -4.55% | -1.95% | -0.95% | - | +0.26% | +2.48% | +3.56% |
| Change | -0.003552 | -0.001523 | -0.000738 | - | +0.000200 | +0.001937 | +0.002780 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.072764 | 0.074866 | 0.076544 | 0.078646 | 0.080324 | 0.082426 | 0.084104 |
| Camarilla | 0.077182 | 0.077528 | 0.077875 | 0.078221 | 0.078568 | 0.078914 | 0.079261 |
| Woodie | 0.072551 | 0.074760 | 0.076331 | 0.078540 | 0.080111 | 0.082320 | 0.083891 |
| Fibonacci | 0.074866 | 0.076310 | 0.077202 | 0.078646 | 0.080090 | 0.080982 | 0.082426 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.067884 | 0.071183 | 0.074702 | 0.078001 | 0.081520 | 0.084819 | 0.088338 |
| Camarilla | 0.076346 | 0.076971 | 0.077596 | 0.078221 | 0.078846 | 0.079471 | 0.080096 |
| Woodie | 0.067994 | 0.071238 | 0.074812 | 0.078056 | 0.081630 | 0.084874 | 0.088448 |
| Fibonacci | 0.071183 | 0.073788 | 0.075397 | 0.078001 | 0.080606 | 0.082215 | 0.084819 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039558 | 0.051051 | 0.060674 | 0.072167 | 0.081790 | 0.093283 | 0.102906 |
| Camarilla | 0.064491 | 0.066427 | 0.068362 | 0.070298 | 0.072234 | 0.074169 | 0.076105 |
| Woodie | 0.038624 | 0.050584 | 0.059740 | 0.071700 | 0.080856 | 0.092816 | 0.101972 |
| Fibonacci | 0.051051 | 0.059117 | 0.064100 | 0.072167 | 0.080233 | 0.085216 | 0.093283 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.28 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -15.551862 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.077853 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.078917 | |
| Elder Ray (13): | -0.000875 | |
| Super Trend (3,10): | 0.079512 | |
| Zig ZAG (10): | 0.077098 | |
| VORTEX (21): | 0.8891 | |
| Stochastique (14,3,5): | 18.10 | |
| TEMA (21): | 0.077714 | |
| Williams %R (14): | -91.07 | |
| Chande Momentum Oscillator (20): | -0.001055 | |
| Repulse (5,40,3): | -0.9344 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0408 | |
| Courbe Coppock: | 0.71 |
| MA7: | 0.078172 | |
| MA20: | 0.075370 | |
| MA50: | 0.072667 | |
| MA100: | 0.072981 | |
| MAexp7: | 0.077793 | |
| MAexp20: | 0.078210 | |
| MAexp50: | 0.078628 | |
| MAexp100: | 0.078729 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +3.55% | |
| Price / MA50: | +7.40% | |
| Price / MA100: | +6.94% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -0.87% |
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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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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