ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 10/28/2023 (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
11%
33%
56%
My opinion
Bullish above 0.071769 USD
My targets
0.074685 USD (+2.89%)
0.081988 USD (+12.95%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ORCHID PROTOCOL - OXT/USD. As long as you are above the support located at 0.071769 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.074685 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.081988 USD as an objective. Crossing it would then enable buyers to target 0.089440 USD. If the support 0.071769 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.4
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Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD price is 0.072590 USD. The price registered a decrease of -0.03% on the session and was between 0.071861 USD and 0.074605 USD. This implies that the price is at +1.01% from its lowest and at -2.70% from its highest.0.071861
0.074605
0.072590
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ORCHID PROTOCOL - OXT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ORCHID PROTOCOL - OXT/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.065103 | 0.069523 | 0.071769 | 0.072590 | 0.074685 | 0.081988 | 0.089440 |
| Change (%) | -10.31% | -4.23% | -1.13% | - | +2.89% | +12.95% | +23.21% |
| Change | -0.007487 | -0.003067 | -0.000821 | - | +0.002095 | +0.009398 | +0.016850 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 0.067659 | 0.069504 | 0.071058 | 0.072903 | 0.074457 | 0.076302 | 0.077856 |
| Camarilla | 0.071676 | 0.071988 | 0.072299 | 0.072611 | 0.072923 | 0.073234 | 0.073546 |
| Woodie | 0.067513 | 0.069431 | 0.070912 | 0.072830 | 0.074311 | 0.076229 | 0.077710 |
| Fibonacci | 0.069504 | 0.070803 | 0.071605 | 0.072903 | 0.074202 | 0.075004 | 0.076302 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050898 | 0.054344 | 0.058737 | 0.062183 | 0.066576 | 0.070022 | 0.074415 |
| Camarilla | 0.060974 | 0.061693 | 0.062411 | 0.063130 | 0.063849 | 0.064567 | 0.065286 |
| Woodie | 0.051372 | 0.054581 | 0.059211 | 0.062420 | 0.067050 | 0.070259 | 0.074889 |
| Fibonacci | 0.054344 | 0.057339 | 0.059189 | 0.062183 | 0.065178 | 0.067028 | 0.070022 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022829 | 0.038672 | 0.055220 | 0.071063 | 0.087611 | 0.103454 | 0.120002 |
| Camarilla | 0.062862 | 0.065831 | 0.068800 | 0.071769 | 0.074738 | 0.077707 | 0.080677 |
| Woodie | 0.023183 | 0.038848 | 0.055574 | 0.071239 | 0.087965 | 0.103630 | 0.120356 |
| Fibonacci | 0.038672 | 0.051045 | 0.058689 | 0.071063 | 0.083436 | 0.091080 | 0.103454 |
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): | 47.58 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.205567 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.073043 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.074431 | |
| Elder Ray (13): | -0.000594 | |
| Super Trend (3,10): | 0.071961 | |
| Zig ZAG (10): | 0.072610 | |
| VORTEX (21): | 0.9708 | |
| Stochastique (14,3,5): | 29.34 | |
| TEMA (21): | 0.072877 | |
| Williams %R (14): | -72.70 | |
| Chande Momentum Oscillator (20): | 0.000106 | |
| Repulse (5,40,3): | -0.7539 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0248 | |
| Courbe Coppock: | 0.55 |
| MA7: | 0.069300 | |
| MA20: | 0.064081 | |
| MA50: | 0.064624 | |
| MA100: | 0.062326 | |
| MAexp7: | 0.072852 | |
| MAexp20: | 0.072955 | |
| MAexp50: | 0.072500 | |
| MAexp100: | 0.070921 | |
| Price / MA7: | +4.75% | |
| Price / MA20: | +13.28% | |
| Price / MA50: | +12.33% | |
| Price / MA100: | +16.47% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +2.35% |
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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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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