ORCHID - OXT/USD - 1H - Technical analysis published on 09/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.101455 USD
My targets
0.099026 USD (-1.59%)
0.091136 USD (-9.43%)
My analysis
The bearish trend is currently very strong for ORCHID PROTOCOL - OXT/USD. As long as the price remains below the resistance at 0.101455 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.099026 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.091136 USD as an objective. Crossing it would then enable sellers to target 0.086715 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD price is 0.100621 USD. The price is lower by -0.03% since the last closing and was traded between 0.100033 USD and 0.100938 USD over the period. The price is currently at +0.59% from its lowest and -0.31% from its highest.0.100033
0.100938
0.100621
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ORCHID PROTOCOL - OXT/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.086715 | 0.099026 | 0.100419 | 0.100621 | 0.101455 | 0.105183 | 0.107226 |
| Change (%) | -13.82% | -1.59% | -0.20% | - | +0.83% | +4.53% | +6.56% |
| Change | -0.013906 | -0.001595 | -0.000202 | - | +0.000834 | +0.004562 | +0.006605 |
| Level | Major | Minor | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.095943 | 0.098064 | 0.099359 | 0.101480 | 0.102775 | 0.104896 | 0.106191 |
| Camarilla | 0.099716 | 0.100029 | 0.100342 | 0.100655 | 0.100968 | 0.101281 | 0.101594 |
| Woodie | 0.095531 | 0.097858 | 0.098947 | 0.101274 | 0.102363 | 0.104690 | 0.105779 |
| Fibonacci | 0.098064 | 0.099369 | 0.100175 | 0.101480 | 0.102785 | 0.103591 | 0.104896 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.081939 | 0.091136 | 0.096291 | 0.105488 | 0.110643 | 0.119840 | 0.124995 |
| Camarilla | 0.097499 | 0.098815 | 0.100130 | 0.101446 | 0.102762 | 0.104077 | 0.105393 |
| Woodie | 0.079918 | 0.090126 | 0.094270 | 0.104478 | 0.108622 | 0.118830 | 0.122974 |
| Fibonacci | 0.091136 | 0.096619 | 0.100006 | 0.105488 | 0.110971 | 0.114358 | 0.119840 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049188 | 0.074107 | 0.088454 | 0.113373 | 0.127720 | 0.152639 | 0.166986 |
| Camarilla | 0.092003 | 0.095602 | 0.099202 | 0.102801 | 0.106400 | 0.110000 | 0.113599 |
| Woodie | 0.043902 | 0.071464 | 0.083168 | 0.110730 | 0.122434 | 0.149996 | 0.161700 |
| Fibonacci | 0.074107 | 0.089107 | 0.098373 | 0.113373 | 0.128373 | 0.137639 | 0.152639 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.91 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -11.703353 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.100504 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.102464 | |
| Elder Ray (13): | -0.000490 | |
| Super Trend (3,10): | 0.102034 | |
| Zig ZAG (10): | 0.100393 | |
| VORTEX (21): | 0.8812 | |
| Stochastique (14,3,5): | 7.33 | |
| TEMA (21): | 0.100349 | |
| Williams %R (14): | -87.45 | |
| Chande Momentum Oscillator (20): | -0.001416 | |
| Repulse (5,40,3): | -0.2552 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0424 | |
| Courbe Coppock: | 3.27 |
| MA7: | 0.101875 | |
| MA20: | 0.109552 | |
| MA50: | 0.115166 | |
| MA100: | 0.112579 | |
| MAexp7: | 0.100518 | |
| MAexp20: | 0.100992 | |
| MAexp50: | 0.101595 | |
| MAexp100: | 0.102348 | |
| Price / MA7: | -1.23% | |
| Price / MA20: | -8.15% | |
| Price / MA50: | -12.63% | |
| Price / MA100: | -10.62% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.69% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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