ORCHID - OXT/USD - 1H - Technical analysis published on 01/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
28%
6%
My opinion
Bullish above 0.088214 USD
My targets
0.093876 USD (+1.81%)
0.103191 USD (+11.91%)
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 0.088214 USD. The buyers' bullish objective is set at 0.093876 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.103191 USD. If there is any crossing, the next objective would be the resistance located at 0.104965 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7.3
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Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD rating is 0.092205 USD. The price has increased by +16.72% since the last closing and was traded between 0.078613 USD and 0.106984 USD over the period. The price is currently at +17.29% from its lowest and -13.81% from its highest.0.078613
0.106984
0.092205
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ORCHID PROTOCOL - OXT/USD chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 12 are bullish, 1 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.080950 | 0.082551 | 0.083928 | 0.092205 | 0.104965 | 0.114985 | 0.130474 |
| Change (%) | -12.21% | -10.47% | -8.98% | - | +13.84% | +24.71% | +41.50% |
| Change | -0.011255 | -0.009654 | -0.008277 | - | +0.012760 | +0.022780 | +0.038269 |
| Level | Minor | Intermediate | 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 | 0.072929 | 0.075265 | 0.077133 | 0.079469 | 0.081337 | 0.083673 | 0.085541 |
| Camarilla | 0.077844 | 0.078229 | 0.078615 | 0.079000 | 0.079385 | 0.079771 | 0.080156 |
| Woodie | 0.072694 | 0.075148 | 0.076898 | 0.079352 | 0.081102 | 0.083556 | 0.085306 |
| Fibonacci | 0.075265 | 0.076871 | 0.077863 | 0.079469 | 0.081075 | 0.082067 | 0.083673 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.062673 | 0.067412 | 0.073074 | 0.077813 | 0.083475 | 0.088214 | 0.093876 |
| Camarilla | 0.075877 | 0.076830 | 0.077784 | 0.078737 | 0.079690 | 0.080644 | 0.081597 |
| Woodie | 0.063136 | 0.067643 | 0.073537 | 0.078044 | 0.083938 | 0.088445 | 0.094339 |
| Fibonacci | 0.067412 | 0.071385 | 0.073840 | 0.077813 | 0.081786 | 0.084241 | 0.088214 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 80.42 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 42.916652 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.083580 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.082994 | |
| Elder Ray (13): | 0.004780 | |
| Super Trend (3,10): | 0.101587 | |
| Zig ZAG (10): | 0.086784 | |
| VORTEX (21): | 1.1220 | |
| Stochastique (14,3,5): | 24.41 | |
| TEMA (21): | 0.084597 | |
| Williams %R (14): | -73.51 | |
| Chande Momentum Oscillator (20): | 0.006115 | |
| Repulse (5,40,3): | -11.3855 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1152 | |
| Courbe Coppock: | 9.11 |
| MA7: | 0.079023 | |
| MA20: | 0.074693 | |
| MA50: | 0.074867 | |
| MA100: | 0.081397 | |
| MAexp7: | 0.084241 | |
| MAexp20: | 0.082150 | |
| MAexp50: | 0.080639 | |
| MAexp100: | 0.079480 | |
| Price / MA7: | +16.68% | |
| Price / MA20: | +23.45% | |
| Price / MA50: | +23.16% | |
| Price / MA100: | +13.28% | |
| Price / MAexp7: | +9.45% | |
| Price / MAexp20: | +12.24% | |
| Price / MAexp50: | +14.34% | |
| Price / MAexp100: | +16.01% |
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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