ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 04/13/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
50%
33%
17%
My opinion
Bearish under 0.160533 USD
My targets
0.153500 USD (-2.04%)
0.148000 USD (-5.55%)
My analysis
ORCHID PROTOCOL - OXT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.160533 USD. The next support located at 0.153500 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.148000 USD. Below this support, sellers could then target 0.139315 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD price is 0.156700 USD. The price registered an increase of -4.28% on the session and was between 0.149000 USD and 0.163700 USD. This implies that the price is at +5.17% from its lowest and at -4.28% from its highest.0.149000
0.163700
0.156700
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ORCHID PROTOCOL - OXT/USD chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced 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 does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.139315 | 0.148000 | 0.153500 | 0.156700 | 0.182600 | 0.228900 | 0.279000 |
| Change (%) | -11.09% | -5.55% | -2.04% | - | +16.53% | +46.08% | +78.05% |
| Change | -0.017385 | -0.008700 | -0.003200 | - | +0.025900 | +0.072200 | +0.122300 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 0.152400 | 0.157300 | 0.160500 | 0.165400 | 0.168600 | 0.173500 | 0.176700 |
| Camarilla | 0.161473 | 0.162215 | 0.162958 | 0.163700 | 0.164443 | 0.165185 | 0.165928 |
| Woodie | 0.151550 | 0.156875 | 0.159650 | 0.164975 | 0.167750 | 0.173075 | 0.175850 |
| Fibonacci | 0.157300 | 0.160394 | 0.162306 | 0.165400 | 0.168494 | 0.170406 | 0.173500 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078867 | 0.104933 | 0.134467 | 0.160533 | 0.190067 | 0.216133 | 0.245667 |
| Camarilla | 0.148710 | 0.153807 | 0.158903 | 0.164000 | 0.169097 | 0.174193 | 0.179290 |
| Woodie | 0.080600 | 0.105800 | 0.136200 | 0.161400 | 0.191800 | 0.217000 | 0.247400 |
| Fibonacci | 0.104933 | 0.126173 | 0.139294 | 0.160533 | 0.181773 | 0.194894 | 0.216133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.136700 | -0.018400 | 0.058300 | 0.176600 | 0.253300 | 0.371600 | 0.448300 |
| Camarilla | 0.081375 | 0.099250 | 0.117125 | 0.135000 | 0.152875 | 0.170750 | 0.188625 |
| Woodie | -0.157500 | -0.028800 | 0.037500 | 0.166200 | 0.232500 | 0.361200 | 0.427500 |
| Fibonacci | -0.018400 | 0.056090 | 0.102110 | 0.176600 | 0.251090 | 0.297110 | 0.371600 |
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): | 40.08 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -9.227526 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.153517 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.157068 | |
| Elder Ray (13): | -0.000982 | |
| Super Trend (3,10): | 0.161083 | |
| Zig ZAG (10): | 0.155100 | |
| VORTEX (21): | 0.8375 | |
| Stochastique (14,3,5): | 59.57 | |
| TEMA (21): | 0.152702 | |
| Williams %R (14): | -32.97 | |
| Chande Momentum Oscillator (20): | 0.000300 | |
| Repulse (5,40,3): | 1.0205 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2473 | |
| Courbe Coppock: | 5.77 |
| MA7: | 0.157514 | |
| MA20: | 0.143020 | |
| MA50: | 0.173258 | |
| MA100: | 0.232575 | |
| MAexp7: | 0.155181 | |
| MAexp20: | 0.156888 | |
| MAexp50: | 0.160081 | |
| MAexp100: | 0.159024 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | +9.57% | |
| Price / MA50: | -9.56% | |
| Price / MA100: | -32.62% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -2.11% | |
| Price / MAexp100: | -1.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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