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

ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 06/02/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.206580 USD
My targets
0.221933 USD (+6.04%)
0.228900 USD (+9.36%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ORCHID PROTOCOL - OXT/USD as long as the price remains well above 0.206580 USD. The buyers” bullish objective is set at 0.221933 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.228900 USD. If there is any crossing, the next objective would be the resistance located at 0.279000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.4

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ORCHID PROTOCOL - OXT/USD price is 0.209300 USD. The price registered an increase of +2.15% on the session with the lowest point at 0.204800 USD and the highest point at 0.211000 USD. The deviation from the price is +2.20% for the low point and -0.81% for the high point.

0.204800
0.211000
0.209300

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes on ORCHID PROTOCOL - OXT/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of ORCHID PROTOCOL - OXT/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.189500 0.196200 0.206580 0.209300 0.209840 0.228900 0.279000
Change (%) -9.46% -6.26% -1.30% - +0.26% +9.36% +33.30%
Change -0.019800 -0.013100 -0.002720 - +0.000540 +0.019600 +0.069700
Level Minor Major Major - Intermediate Intermediate Minor



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
Standard0.1837670.1900330.1974670.2037330.2111670.2174330.224867
Camarilla0.2011330.2023880.2036440.2049000.2061560.2074120.208668
Woodie0.1843500.1903250.1980500.2040250.2117500.2177250.225450
Fibonacci0.1900330.1952670.1985000.2037330.2089670.2122000.217433


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1595670.1705330.1852670.1962330.2109670.2219330.236667
Camarilla0.1929330.1952880.1976440.2000000.2023560.2047120.207068
Woodie0.1614500.1714750.1871500.1971750.2128500.2228750.238550
Fibonacci0.1705330.1803510.1864160.1962330.2060510.2121160.221933


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0830670.1265330.1618670.2053330.2406670.2841330.319467
Camarilla0.1755300.1827530.1899770.1972000.2044230.2116470.218870
Woodie0.0790000.1245000.1578000.2033000.2366000.2821000.315400
Fibonacci0.1265330.1566350.1752320.2053330.2354350.2540320.284133

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 64.85
MACD (12,26,9): 0.0024
Directional Movement: 22.380155
AROON (14): 71.428572
DEMA (21): 0.209720
Parabolic SAR (0,02-0,02-0,2): 0.207412
Elder Ray (13): 0.002257
Super Trend (3,10): 0.204263
Zig ZAG (10): 0.209300
VORTEX (21): 1.2087
Stochastique (14,3,5): 87.60
TEMA (21): 0.210717
Williams %R (14): -24.29
Chande Momentum Oscillator (20): 0.003700
Repulse (5,40,3): -0.1137
ROCnROLL: 1
TRIX (15,9): 0.1668
Courbe Coppock: 4.06
MA7: 0.200429
MA20: 0.197150
MA50: 0.186910
MA100: 0.180121
MAexp7: 0.209045
MAexp20: 0.206604
MAexp50: 0.203310
MAexp100: 0.200778
Price / MA7: +4.43%
Price / MA20: +6.16%
Price / MA50: +11.98%
Price / MA100: +16.20%
Price / MAexp7: +0.12%
Price / MAexp20: +1.30%
Price / MAexp50: +2.95%
Price / MAexp100: +4.24%

Quotes : 2020-06-02 09:17:58 - Real time data - Cryptocompare

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

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