ORCHID - OXT/USD - 1H - Technical analysis published on 01/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 0.072873 USD
My targets
0.074480 USD (+1.59%)
0.079895 USD (+8.97%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.072873 USD remains possible. It is advisable to trade ORCHID PROTOCOL - OXT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.072873 USD. The next bullish objective for buyers is set at 0.074480 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.079895 USD. If there is any crossing, the next objective would be the resistance located at 0.083928 USD. PS: if there is a bearish break in the support located at 0.072873 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
ORCHID PROTOCOL - OXT/USD rating 0.073317 USD. On the day, this instrument lost -0.02% and was traded between 0.072880 USD and 0.074696 USD over the period. The price is currently at +0.60% from its lowest and -1.85% from its highest.0.072880
0.074696
0.073317
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ORCHID PROTOCOL - OXT/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.070522 | 0.071787 | 0.072873 | 0.073317 | 0.074480 | 0.083928 | 0.104998 |
| Change (%) | -3.81% | -2.09% | -0.61% | - | +1.59% | +14.47% | +43.21% |
| Change | -0.002795 | -0.001530 | -0.000444 | - | +0.001163 | +0.010611 | +0.031681 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.069244 | 0.070522 | 0.071925 | 0.073203 | 0.074606 | 0.075884 | 0.077287 |
| Camarilla | 0.072592 | 0.072838 | 0.073083 | 0.073329 | 0.073575 | 0.073821 | 0.074066 |
| Woodie | 0.069308 | 0.070553 | 0.071989 | 0.073234 | 0.074670 | 0.075915 | 0.077351 |
| Fibonacci | 0.070522 | 0.071546 | 0.072179 | 0.073203 | 0.074227 | 0.074860 | 0.075884 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057746 | 0.062140 | 0.065129 | 0.069523 | 0.072512 | 0.076906 | 0.079895 |
| Camarilla | 0.066088 | 0.066765 | 0.067441 | 0.068118 | 0.068795 | 0.069472 | 0.070148 |
| Woodie | 0.057044 | 0.061789 | 0.064427 | 0.069172 | 0.071810 | 0.076555 | 0.079193 |
| Fibonacci | 0.062140 | 0.064960 | 0.066703 | 0.069523 | 0.072343 | 0.074086 | 0.076906 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029585 | 0.047883 | 0.057239 | 0.075537 | 0.084893 | 0.103191 | 0.112547 |
| Camarilla | 0.058991 | 0.061526 | 0.064061 | 0.066596 | 0.069131 | 0.071666 | 0.074201 |
| Woodie | 0.025115 | 0.045648 | 0.052769 | 0.073302 | 0.080423 | 0.100956 | 0.108077 |
| Fibonacci | 0.047883 | 0.058447 | 0.064973 | 0.075537 | 0.086101 | 0.092627 | 0.103191 |
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): | 50.50 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 10.867067 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.073949 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.073240 | |
| Elder Ray (13): | 0.000129 | |
| Super Trend (3,10): | 0.071857 | |
| Zig ZAG (10): | 0.073334 | |
| VORTEX (21): | 1.0192 | |
| Stochastique (14,3,5): | 39.87 | |
| TEMA (21): | 0.073859 | |
| Williams %R (14): | -59.03 | |
| Chande Momentum Oscillator (20): | 0.000383 | |
| Repulse (5,40,3): | 0.2272 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0713 | |
| Courbe Coppock: | 1.70 |
| MA7: | 0.071477 | |
| MA20: | 0.069872 | |
| MA50: | 0.075456 | |
| MA100: | 0.083087 | |
| MAexp7: | 0.073730 | |
| MAexp20: | 0.073512 | |
| MAexp50: | 0.072888 | |
| MAexp100: | 0.072152 | |
| Price / MA7: | +2.57% | |
| Price / MA20: | +4.93% | |
| Price / MA50: | -2.83% | |
| Price / MA100: | -11.76% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.61% |
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.
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