ORCHID - OXT/USD
ORCHID - OXT/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OXTUSD
ISIN:

ORCHID - OXT/USD - 1H - Technical analysis published on 12/23/2023 (GMT)

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  • Timeframe : 1H
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

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:

Central Indicators

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:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.0793590.0858610.0914400.0979420.1035210.1100230.115602
Camarilla0.0936980.0948050.0959130.0970200.0981270.0992350.100342
Woodie0.0788990.0856300.0909800.0977110.1030610.1097920.115142
Fibonacci0.0858610.0904760.0933270.0979420.1025570.1054080.110023


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0643910.0697950.0769030.0823070.0894150.0948190.101927
Camarilla0.0805690.0817160.0828630.0840100.0851570.0863040.087451
Woodie0.0652420.0702210.0777540.0827330.0902660.0952450.102778
Fibonacci0.0697950.0745750.0775280.0823070.0870870.0900400.094819


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0497920.0580540.0654050.0736670.0810180.0892800.096631
Camarilla0.0684610.0698930.0713240.0727550.0741860.0756170.077049
Woodie0.0493360.0578260.0649490.0734390.0805620.0890520.096175
Fibonacci0.0580540.0640190.0677030.0736670.0796320.0833160.089280

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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