XYO - XYO/USD - 1H - Technical analysis published on 10/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.006484 USD
My targets
0.006824 USD (+0.81%)
0.007347 USD (+8.54%)
My analysis
The bullish trend is currently very strong on XY ORACLE - XYO/USD. As long as the price remains above the support at 0.006484 USD, you could try to benefit from the boom. The first bullish objective is located at 0.006824 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.007347 USD as an objective. Crossing it would then enable buyers to target 0.008447 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The XY ORACLE - XYO/USD rating is 0.006769 USD. The price registered an increase of +11.72% on the session and was between 0.005893 USD and 0.006884 USD. This implies that the price is at +14.87% from its lowest and at -1.67% from its highest.0.005893
0.006884
0.006769
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this XY ORACLE - XYO/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006199 | 0.006290 | 0.006484 | 0.006769 | 0.007347 | 0.008447 | 0.011770 |
| Change (%) | -8.42% | -7.08% | -4.21% | - | +8.54% | +24.79% | +73.88% |
| Change | -0.000570 | -0.000479 | -0.000285 | - | +0.000578 | +0.001678 | +0.005001 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.005604 | 0.005788 | 0.005923 | 0.006107 | 0.006242 | 0.006426 | 0.006561 |
| Camarilla | 0.005971 | 0.006001 | 0.006030 | 0.006059 | 0.006088 | 0.006118 | 0.006147 |
| Woodie | 0.005581 | 0.005776 | 0.005900 | 0.006095 | 0.006219 | 0.006414 | 0.006538 |
| Fibonacci | 0.005788 | 0.005910 | 0.005985 | 0.006107 | 0.006229 | 0.006304 | 0.006426 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005330 | 0.005565 | 0.005828 | 0.006063 | 0.006326 | 0.006561 | 0.006824 |
| Camarilla | 0.005953 | 0.005999 | 0.006044 | 0.006090 | 0.006136 | 0.006181 | 0.006227 |
| Woodie | 0.005343 | 0.005572 | 0.005841 | 0.006070 | 0.006339 | 0.006568 | 0.006837 |
| Fibonacci | 0.005565 | 0.005756 | 0.005873 | 0.006063 | 0.006254 | 0.006371 | 0.006561 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000023 | 0.001665 | 0.003717 | 0.005359 | 0.007411 | 0.009053 | 0.011105 |
| Camarilla | 0.004754 | 0.005093 | 0.005431 | 0.005770 | 0.006109 | 0.006447 | 0.006786 |
| Woodie | 0.000229 | 0.001768 | 0.003923 | 0.005462 | 0.007617 | 0.009156 | 0.011311 |
| Fibonacci | 0.001665 | 0.003076 | 0.003948 | 0.005359 | 0.006770 | 0.007642 | 0.009053 |
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): | 69.82 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 26.656309 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.006088 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.005980 | |
| Elder Ray (13): | 0.000215 | |
| Super Trend (3,10): | 0.006087 | |
| Zig ZAG (10): | 0.006300 | |
| VORTEX (21): | 1.1582 | |
| Stochastique (14,3,5): | 93.18 | |
| TEMA (21): | 0.006130 | |
| Williams %R (14): | -15.76 | |
| Chande Momentum Oscillator (20): | 0.000380 | |
| Repulse (5,40,3): | 4.5918 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0430 | |
| Courbe Coppock: | 4.42 |
| MA7: | 0.006072 | |
| MA20: | 0.006031 | |
| MA50: | 0.005275 | |
| MA100: | 0.005249 | |
| MAexp7: | 0.006181 | |
| MAexp20: | 0.006062 | |
| MAexp50: | 0.006063 | |
| MAexp100: | 0.006052 | |
| Price / MA7: | +11.48% | |
| Price / MA20: | +12.24% | |
| Price / MA50: | +28.32% | |
| Price / MA100: | +28.96% | |
| Price / MAexp7: | +9.51% | |
| Price / MAexp20: | +11.66% | |
| Price / MAexp50: | +11.64% | |
| Price / MAexp100: | +11.85% |
Quotes :
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Real time data
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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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