ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 05/28/2020 (GMT)
- Who voted?
- 218
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.200056 USD
My targets
0.206580 USD (+2.12%)
0.214600 USD (+6.08%)
My analysis
The bullish trend is currently very strong on ORCHID PROTOCOL - OXT/USD. As long as the price remains above the support at 0.200056 USD, you could try to benefit from the boom. The first bullish objective is located at 0.206580 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.214600 USD as an objective. Crossing it would then enable buyers to target 0.228900 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD rating is 0.202300 USD. The price has increased by +3.90% since the last closing and was traded between 0.193000 USD and 0.207200 USD over the period. The price is currently at +4.82% from its lowest and -2.36% from its highest.0.193000
0.207200
0.202300
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:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ORCHID PROTOCOL - OXT/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.190180 | 0.194880 | 0.200056 | 0.202300 | 0.206580 | 0.214600 | 0.228900 |
| Change (%) | -5.99% | -3.67% | -1.11% | - | +2.12% | +6.08% | +13.15% |
| Change | -0.012120 | -0.007420 | -0.002244 | - | +0.004280 | +0.012300 | +0.026600 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 0.171967 | 0.178633 | 0.186667 | 0.193333 | 0.201367 | 0.208033 | 0.216067 |
| Camarilla | 0.190658 | 0.192005 | 0.193353 | 0.194700 | 0.196048 | 0.197395 | 0.198743 |
| Woodie | 0.172650 | 0.178975 | 0.187350 | 0.193675 | 0.202050 | 0.208375 | 0.216750 |
| Fibonacci | 0.178633 | 0.184249 | 0.187718 | 0.193333 | 0.198949 | 0.202418 | 0.208033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.139800 | 0.159600 | 0.175600 | 0.195400 | 0.211400 | 0.231200 | 0.247200 |
| Camarilla | 0.181755 | 0.185037 | 0.188318 | 0.191600 | 0.194882 | 0.198163 | 0.201445 |
| Woodie | 0.137900 | 0.158650 | 0.173700 | 0.194450 | 0.209500 | 0.230250 | 0.245300 |
| Fibonacci | 0.159600 | 0.173276 | 0.181724 | 0.195400 | 0.209076 | 0.217524 | 0.231200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078267 | 0.103633 | 0.141867 | 0.167233 | 0.205467 | 0.230833 | 0.269067 |
| Camarilla | 0.162610 | 0.168440 | 0.174270 | 0.180100 | 0.185930 | 0.191760 | 0.197590 |
| Woodie | 0.084700 | 0.106850 | 0.148300 | 0.170450 | 0.211900 | 0.234050 | 0.275500 |
| Fibonacci | 0.103633 | 0.127929 | 0.142938 | 0.167233 | 0.191529 | 0.206538 | 0.230833 |
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): | 64.40 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 19.027329 | |
| AROON (14): | 28.571430 | |
| DEMA (21): | 0.204646 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.201300 | |
| Elder Ray (13): | 0.001186 | |
| Super Trend (3,10): | 0.194347 | |
| Zig ZAG (10): | 0.202200 | |
| VORTEX (21): | 1.1862 | |
| Stochastique (14,3,5): | 74.18 | |
| TEMA (21): | 0.205966 | |
| Williams %R (14): | -35.21 | |
| Chande Momentum Oscillator (20): | 0.007300 | |
| Repulse (5,40,3): | -0.8143 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2744 | |
| Courbe Coppock: | 9.77 |
| MA7: | 0.191143 | |
| MA20: | 0.195565 | |
| MA50: | 0.183370 | |
| MA100: | 0.183436 | |
| MAexp7: | 0.202745 | |
| MAexp20: | 0.199786 | |
| MAexp50: | 0.195055 | |
| MAexp100: | 0.192668 | |
| Price / MA7: | +5.84% | |
| Price / MA20: | +3.44% | |
| Price / MA50: | +10.32% | |
| Price / MA100: | +10.28% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +3.71% | |
| Price / MAexp100: | +5.00% |
Quotes :
2020-05-28 14:11:52
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ORCHID PROTOCOL - OXT/USD - 1H