ORCHID - OXT/USD - 1H - Technical analysis published on 12/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.100510 USD
My targets
0.104443 USD (+0.77%)
0.112322 USD (+8.37%)
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 0.100510 USD. The buyers' bullish objective is set at 0.104443 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.112322 USD. If there is any crossing, the next objective would be the resistance located at 0.217095 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ORCHID PROTOCOL - OXT/USD rating 0.103650 USD. The price has increased by +6.83% since the last closing and was between 0.092904 USD and 0.103920 USD. This implies that the price is at +11.57% from its lowest and at -0.26% from its highest.0.092904
0.103920
0.103650
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ORCHID PROTOCOL - OXT/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.089486 | 0.094658 | 0.100510 | 0.103650 | 0.104443 | 0.112322 | 0.217095 |
| Change (%) | -13.67% | -8.68% | -3.03% | - | +0.77% | +8.37% | +109.45% |
| Change | -0.014164 | -0.008992 | -0.003140 | - | +0.000793 | +0.008672 | +0.113445 |
| Level | Major | Minor | Minor | - | Minor | 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 | 0.079359 | 0.085861 | 0.091440 | 0.097942 | 0.103521 | 0.110023 | 0.115602 |
| Camarilla | 0.093698 | 0.094805 | 0.095913 | 0.097020 | 0.098127 | 0.099235 | 0.100342 |
| Woodie | 0.078899 | 0.085630 | 0.090980 | 0.097711 | 0.103061 | 0.109792 | 0.115142 |
| Fibonacci | 0.085861 | 0.090476 | 0.093327 | 0.097942 | 0.102557 | 0.105408 | 0.110023 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.064391 | 0.069795 | 0.076903 | 0.082307 | 0.089415 | 0.094819 | 0.101927 |
| Camarilla | 0.080569 | 0.081716 | 0.082863 | 0.084010 | 0.085157 | 0.086304 | 0.087451 |
| Woodie | 0.065242 | 0.070221 | 0.077754 | 0.082733 | 0.090266 | 0.095245 | 0.102778 |
| Fibonacci | 0.069795 | 0.074575 | 0.077528 | 0.082307 | 0.087087 | 0.090040 | 0.094819 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049792 | 0.058054 | 0.065405 | 0.073667 | 0.081018 | 0.089280 | 0.096631 |
| Camarilla | 0.068461 | 0.069893 | 0.071324 | 0.072755 | 0.074186 | 0.075617 | 0.077049 |
| Woodie | 0.049336 | 0.057826 | 0.064949 | 0.073439 | 0.080562 | 0.089052 | 0.096175 |
| Fibonacci | 0.058054 | 0.064019 | 0.067703 | 0.073667 | 0.079632 | 0.083316 | 0.089280 |
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): | 66.90 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 13.835331 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.099766 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.096484 | |
| Elder Ray (13): | 0.003452 | |
| Super Trend (3,10): | 0.097026 | |
| Zig ZAG (10): | 0.102550 | |
| VORTEX (21): | 1.1124 | |
| Stochastique (14,3,5): | 93.19 | |
| TEMA (21): | 0.100565 | |
| Williams %R (14): | -10.99 | |
| Chande Momentum Oscillator (20): | 0.007060 | |
| Repulse (5,40,3): | 4.6618 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0952 | |
| Courbe Coppock: | 8.40 |
| MA7: | 0.095046 | |
| MA20: | 0.085877 | |
| MA50: | 0.078410 | |
| MA100: | 0.072170 | |
| MAexp7: | 0.100207 | |
| MAexp20: | 0.098236 | |
| MAexp50: | 0.097078 | |
| MAexp100: | 0.095657 | |
| Price / MA7: | +9.05% | |
| Price / MA20: | +20.70% | |
| Price / MA50: | +32.19% | |
| Price / MA100: | +43.62% | |
| Price / MAexp7: | +3.44% | |
| Price / MAexp20: | +5.51% | |
| Price / MAexp50: | +6.77% | |
| Price / MAexp100: | +8.36% |
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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