XYO - XYO/USD - 1H - Technical analysis published on 07/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
39%
50%
My opinion
Bearish under 0.003590 USD
My targets
0.003470 USD (-0.60%)
0.003130 USD (-10.34%)
My analysis
XY ORACLE - XYO/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.003590 USD. The next support located at 0.003470 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.003130 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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Additional analysis
Quotes
The XY ORACLE - XYO/USD rating is 0.003491 USD. The price registered a decrease of -0.26% on the session and was between 0.003490 USD and 0.003540 USD. This implies that the price is at +0.03% from its lowest and at -1.38% from its highest.0.003490
0.003540
0.003491
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
Here is a more detailed summary of the historical variations registered by XY ORACLE - XYO/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of XY ORACLE - XYO/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. 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 price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.003130 | 0.003470 | 0.003491 | 0.003590 | 0.003680 | 0.003741 |
| Change (%) | -10.34% | -0.60% | - | +2.84% | +5.41% | +7.16% |
| Change | -0.000361 | -0.000021 | - | +0.000099 | +0.000189 | +0.000250 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | 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 | 0.003327 | 0.003393 | 0.003447 | 0.003513 | 0.003567 | 0.003633 | 0.003687 |
| Camarilla | 0.003467 | 0.003478 | 0.003489 | 0.003500 | 0.003511 | 0.003522 | 0.003533 |
| Woodie | 0.003320 | 0.003390 | 0.003440 | 0.003510 | 0.003560 | 0.003630 | 0.003680 |
| Fibonacci | 0.003393 | 0.003439 | 0.003468 | 0.003513 | 0.003559 | 0.003588 | 0.003633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003097 | 0.003273 | 0.003387 | 0.003563 | 0.003677 | 0.003853 | 0.003967 |
| Camarilla | 0.003420 | 0.003447 | 0.003473 | 0.003500 | 0.003527 | 0.003553 | 0.003580 |
| Woodie | 0.003065 | 0.003258 | 0.003355 | 0.003548 | 0.003645 | 0.003838 | 0.003935 |
| Fibonacci | 0.003273 | 0.003384 | 0.003453 | 0.003563 | 0.003674 | 0.003743 | 0.003853 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002061 | 0.002571 | 0.003076 | 0.003586 | 0.004091 | 0.004601 | 0.005106 |
| Camarilla | 0.003302 | 0.003395 | 0.003488 | 0.003581 | 0.003674 | 0.003767 | 0.003860 |
| Woodie | 0.002059 | 0.002570 | 0.003074 | 0.003585 | 0.004089 | 0.004600 | 0.005104 |
| Fibonacci | 0.002571 | 0.002959 | 0.003198 | 0.003586 | 0.003974 | 0.004213 | 0.004601 |
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): | 46.30 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 14.729702 | |
| AROON (14): | -7.142858 | |
| DEMA (21): | 0.003500 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003565 | |
| Elder Ray (13): | -0.000004 | |
| Super Trend (3,10): | 0.003577 | |
| Zig ZAG (10): | 0.003490 | |
| VORTEX (21): | 0.9844 | |
| Stochastique (14,3,5): | 3.33 | |
| TEMA (21): | 0.003497 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000010 | |
| Repulse (5,40,3): | -1.5560 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0081 | |
| Courbe Coppock: | 0.81 |
| MA7: | 0.003523 | |
| MA20: | 0.003602 | |
| MA50: | 0.003584 | |
| MA100: | 0.004028 | |
| MAexp7: | 0.003496 | |
| MAexp20: | 0.003501 | |
| MAexp50: | 0.003502 | |
| MAexp100: | 0.003520 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -3.08% | |
| Price / MA50: | -2.59% | |
| Price / MA100: | -13.33% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.82% |
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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