ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 04/22/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.171300 USD
My targets
0.179933 USD (+3.05%)
0.192000 USD (+9.97%)
My analysis
The strong short-term increase for ORCHID PROTOCOL - OXT/USD reinforces the current slightly bullish trend. As long as the price remains above 0.171300 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.179933 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.192000 USD as an objective. Crossing it would then enable buyers to target 0.228900 USD. A return to 0.171300 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
4.8
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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
ORCHID PROTOCOL - OXT/USD rating 0.174600 USD. On the day, this instrument gained +4.36% and was traded between 0.166600 USD and 0.175500 USD over the period. The price is currently at +4.80% from its lowest and -0.51% from its highest.0.166600
0.175500
0.174600
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
Technical analysis of this 1H chart of ORCHID PROTOCOL - OXT/USD indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
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 : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.161500 | 0.164500 | 0.171300 | 0.174600 | 0.179933 | 0.192000 | 0.228900 |
| Change (%) | -7.50% | -5.78% | -1.89% | - | +3.05% | +9.97% | +31.10% |
| Change | -0.013100 | -0.010100 | -0.003300 | - | +0.005333 | +0.017400 | +0.054300 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.156767 | 0.160633 | 0.163967 | 0.167833 | 0.171167 | 0.175033 | 0.178367 |
| Camarilla | 0.165320 | 0.165980 | 0.166640 | 0.167300 | 0.167960 | 0.168620 | 0.169280 |
| Woodie | 0.156500 | 0.160500 | 0.163700 | 0.167700 | 0.170900 | 0.174900 | 0.178100 |
| Fibonacci | 0.160633 | 0.163384 | 0.165083 | 0.167833 | 0.170584 | 0.172283 | 0.175033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.115933 | 0.132467 | 0.158933 | 0.175467 | 0.201933 | 0.218467 | 0.244933 |
| Camarilla | 0.173575 | 0.177517 | 0.181458 | 0.185400 | 0.189342 | 0.193283 | 0.197225 |
| Woodie | 0.120900 | 0.134950 | 0.163900 | 0.177950 | 0.206900 | 0.220950 | 0.249900 |
| Fibonacci | 0.132467 | 0.148893 | 0.159041 | 0.175467 | 0.191893 | 0.202041 | 0.218467 |
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): | 59.26 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 11.259299 | |
| AROON (14): | 78.571430 | |
| DEMA (21): | 0.169345 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.167112 | |
| Elder Ray (13): | 0.001287 | |
| Super Trend (3,10): | 0.172941 | |
| Zig ZAG (10): | 0.171800 | |
| VORTEX (21): | 1.0690 | |
| Stochastique (14,3,5): | 71.93 | |
| TEMA (21): | 0.170758 | |
| Williams %R (14): | -7.58 | |
| Chande Momentum Oscillator (20): | 0.003400 | |
| Repulse (5,40,3): | 1.6679 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0091 | |
| Courbe Coppock: | 2.78 |
| MA7: | 0.172229 | |
| MA20: | 0.157260 | |
| MA50: | 0.162280 | |
| MA100: | 0.221131 | |
| MAexp7: | 0.170588 | |
| MAexp20: | 0.168942 | |
| MAexp50: | 0.169674 | |
| MAexp100: | 0.170880 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +11.03% | |
| Price / MA50: | +7.59% | |
| Price / MA100: | -21.04% | |
| Price / MAexp7: | +2.35% | |
| Price / MAexp20: | +3.35% | |
| Price / MAexp50: | +2.90% | |
| Price / MAexp100: | +2.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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