XYO - XYO/USD - 1H - Technical analysis published on 08/04/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.003610 USD
My targets
0.003460 USD (-1.96%)
0.003350 USD (-5.07%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.003610 USD remains possible. It is advisable to trade XY ORACLE - XYO/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.003610 USD. The next bearish objective for sellers is set at 0.003460 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.003350 USD. In case of crossing, the next objective would be the support located at 0.003130 USD. PS: if there is a bullish break in the resistance located at 0.003610 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2
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Additional analysis
Quotes
The XY ORACLE - XYO/USD price is 0.003529 USD. The price registered an increase of +0.54% on the session and was traded between 0.003529 USD and 0.003529 USD over the period. The price is currently at 0% from its lowest and 0% from its highest.0.003529
0.003529
0.003529
Here is a more detailed summary of the historical variations registered by XY ORACLE - XYO/USD:
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 bearish. 75.00% of the signals given by moving averages are bearish. 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 a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.003130 | 0.003350 | 0.003460 | 0.003529 | 0.003610 | 0.003899 | 0.004070 |
| Change (%) | -11.31% | -5.07% | -1.96% | - | +2.30% | +10.48% | +15.33% |
| Change | -0.000399 | -0.000179 | -0.000069 | - | +0.000081 | +0.000370 | +0.000541 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003425 | 0.003458 | 0.003484 | 0.003517 | 0.003543 | 0.003576 | 0.003602 |
| Camarilla | 0.003494 | 0.003499 | 0.003505 | 0.003510 | 0.003515 | 0.003521 | 0.003526 |
| Woodie | 0.003422 | 0.003456 | 0.003481 | 0.003515 | 0.003540 | 0.003574 | 0.003599 |
| Fibonacci | 0.003458 | 0.003481 | 0.003495 | 0.003517 | 0.003540 | 0.003554 | 0.003576 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002187 | 0.002763 | 0.003202 | 0.003778 | 0.004217 | 0.004793 | 0.005232 |
| Camarilla | 0.003361 | 0.003454 | 0.003547 | 0.003640 | 0.003733 | 0.003826 | 0.003919 |
| Woodie | 0.002118 | 0.002729 | 0.003133 | 0.003744 | 0.004148 | 0.004759 | 0.005163 |
| Fibonacci | 0.002763 | 0.003151 | 0.003391 | 0.003778 | 0.004166 | 0.004406 | 0.004793 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001836 | 0.002588 | 0.003074 | 0.003826 | 0.004312 | 0.005064 | 0.005550 |
| Camarilla | 0.003220 | 0.003333 | 0.003447 | 0.003560 | 0.003674 | 0.003787 | 0.003901 |
| Woodie | 0.001703 | 0.002522 | 0.002941 | 0.003760 | 0.004179 | 0.004998 | 0.005417 |
| Fibonacci | 0.002588 | 0.003061 | 0.003353 | 0.003826 | 0.004299 | 0.004591 | 0.005064 |
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): | 46.53 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.060994 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.003513 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003498 | |
| Elder Ray (13): | -0.000003 | |
| Super Trend (3,10): | 0.003480 | |
| Zig ZAG (10): | 0.003519 | |
| VORTEX (21): | 0.9813 | |
| Stochastique (14,3,5): | 36.72 | |
| TEMA (21): | 0.003514 | |
| Williams %R (14): | -52.54 | |
| Chande Momentum Oscillator (20): | -0.000011 | |
| Repulse (5,40,3): | 0.4953 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.27 |
| MA7: | 0.003590 | |
| MA20: | 0.003553 | |
| MA50: | 0.003589 | |
| MA100: | 0.003850 | |
| MAexp7: | 0.003515 | |
| MAexp20: | 0.003518 | |
| MAexp50: | 0.003527 | |
| MAexp100: | 0.003541 | |
| Price / MA7: | -1.70% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | -1.67% | |
| Price / MA100: | -8.34% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.34% |
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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