ORCHID PROTOCOL - OXT/USDT
ORCHID PROTOCOL - OXT/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OXTUSDT
ISIN:

ORCHID PROTOCOL - OXT/USDT - Daily - Technical analysis published on 02/13/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.288333 USDT
My targets
0.353600 USDT (+14.51%)
0.465100 USDT (+50.62%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ORCHID PROTOCOL - OXT/USDT as long as the price remains well above 0.288333 USDT. The buyers' bullish objective is set at 0.353600 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.465100 USDT. If there is any crossing, the next objective would be the resistance located at 0.473340 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.353600 USDT. On this resistance, against the trend traders who would like to go short on ORCHID PROTOCOL - OXT/USDT with a bearish signal from their trading strategy, should not hesitate to act.

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
2.1

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 taha. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

ORCHID PROTOCOL - OXT/USDT rating 0.308800 USDT. The price has increased by +22.73% since the last closing and was traded between 0.251300 USDT and 0.346400 USDT over the period. The price is currently at +22.88% from its lowest and -10.85% from its highest.

0.251300
0.346400
0.308800

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ORCHID PROTOCOL - OXT/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily


Long white line

Type : Bullish

Timeframe : Daily




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.243300 0.288333 0.308800 0.473340 0.541000 0.687700
Change (%) -21.21% -6.63% - +53.28% +75.19% +122.70%
Change -0.065500 -0.020467 - +0.164540 +0.232200 +0.378900
Level Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard0.2349330.2412670.2464330.2527670.2579330.2642670.269433
Camarilla0.2484380.2494920.2505460.2516000.2526540.2537080.254763
Woodie0.2343500.2409750.2458500.2524750.2573500.2639750.268850
Fibonacci0.2412670.2456600.2483740.2527670.2571600.2598740.264267


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1616000.2046000.2281000.2711000.2946000.3376000.361100
Camarilla0.2333130.2394080.2455040.2516000.2576960.2637920.269888
Woodie0.1518500.1997250.2183500.2662250.2848500.3327250.351350
Fibonacci0.2046000.2300030.2456970.2711000.2965030.3121970.337600


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0192000.0923000.1672000.2787000.3536000.4651000.540000
Camarilla0.1908400.2079270.2250130.2421000.2591870.2762730.293360
Woodie-0.0375000.0831500.1489000.2695500.3353000.4559500.521700
Fibonacci0.0923000.1635050.2074950.2787000.3499050.3938950.465100

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): 60.96
MACD (12,26,9): -0.0022
Directional Movement: 24.223322
AROON (14): 71.428571
DEMA (21): 0.261007
Parabolic SAR (0,02-0,02-0,2): 0.247600
Elder Ray (13): 0.028750
Super Trend (3,10): 0.229026
Zig ZAG (10): 0.314000
VORTEX (21): 1.0480
Stochastique (14,3,5): 44.50
TEMA (21): 0.278579
Williams %R (14): -28.81
Chande Momentum Oscillator (20): 0.066900
Repulse (5,40,3): 12.0169
ROCnROLL: 1
TRIX (15,9): -0.5737
Courbe Coppock: 32.66
MA7: 0.278271
MA20: 0.255435
MA50: 0.299272
MA100: 0.386616
MAexp7: 0.276246
MAexp20: 0.269707
MAexp50: 0.298974
MAexp100: 0.337821
Price / MA7: +10.97%
Price / MA20: +20.89%
Price / MA50: +3.18%
Price / MA100: -20.13%
Price / MAexp7: +11.78%
Price / MAexp20: +14.49%
Price / MAexp50: +3.29%
Price / MAexp100: -8.59%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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