Londinia Opportunities Analyses - 09/24/2022 (GMT) OLYMPUS - OHM/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | OHMETH |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.038000 ETH
My targets
0.040700 ETH (+4.90%)
0.042667 ETH (+9.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OLYMPUS - OHM/ETH as long as the price remains well above 0.038000 ETH. The buyers' bullish objective is set at 0.040700 ETH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.042667 ETH. If there is any crossing, the next objective would be the resistance located at 0.049400 ETH. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The OLYMPUS - OHM/ETH price is 0.038800 ETH. The price has increased by +4.02% since the last closing with the lowest point at 0.037200 ETH and the highest point at 0.040100 ETH. The deviation from the price is +4.30% for the low point and -3.24% for the high point.0.037200
0.040100
0.038800
Here is a more detailed summary of the historical variations registered by OLYMPUS - OHM/ETH:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OLYMPUS - OHM/ETH chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.036000 | 0.037100 | 0.038000 | 0.038800 | 0.042667 | 0.049400 | 0.056200 |
| Change (%) | -7.22% | -4.38% | -2.06% | - | +9.97% | +27.32% | +44.85% |
| Change | -0.002800 | -0.001700 | -0.000800 | - | +0.003867 | +0.010600 | +0.017400 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Major |
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 | 0.034200 | 0.035100 | 0.036200 | 0.037100 | 0.038200 | 0.039100 | 0.040200 |
| Camarilla | 0.036750 | 0.036933 | 0.037117 | 0.037300 | 0.037483 | 0.037667 | 0.037850 |
| Woodie | 0.034300 | 0.035150 | 0.036300 | 0.037150 | 0.038300 | 0.039150 | 0.040300 |
| Fibonacci | 0.035100 | 0.035864 | 0.036336 | 0.037100 | 0.037864 | 0.038336 | 0.039100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025100 | 0.027500 | 0.030300 | 0.032700 | 0.035500 | 0.037900 | 0.040700 |
| Camarilla | 0.031670 | 0.032147 | 0.032623 | 0.033100 | 0.033577 | 0.034053 | 0.034530 |
| Woodie | 0.025300 | 0.027600 | 0.030500 | 0.032800 | 0.035700 | 0.038000 | 0.040900 |
| Fibonacci | 0.027500 | 0.029486 | 0.030714 | 0.032700 | 0.034686 | 0.035914 | 0.037900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018533 | 0.022967 | 0.029133 | 0.033567 | 0.039733 | 0.044167 | 0.050333 |
| Camarilla | 0.032385 | 0.033357 | 0.034328 | 0.035300 | 0.036272 | 0.037243 | 0.038215 |
| Woodie | 0.019400 | 0.023400 | 0.030000 | 0.034000 | 0.040600 | 0.044600 | 0.051200 |
| Fibonacci | 0.022967 | 0.027016 | 0.029518 | 0.033567 | 0.037616 | 0.040118 | 0.044167 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.50 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 18.470483 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.038669 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.038300 | |
| Elder Ray (13): | 0.000231 | |
| Super Trend (3,10): | 0.037693 | |
| Zig ZAG (10): | 0.038700 | |
| VORTEX (21): | 1.0992 | |
| Stochastique (14,3,5): | 41.67 | |
| TEMA (21): | 0.038797 | |
| Williams %R (14): | -60.71 | |
| Chande Momentum Oscillator (20): | 0.000800 | |
| Repulse (5,40,3): | -2.5953 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1506 | |
| Courbe Coppock: | 6.46 |
| MA7: | 0.036557 | |
| MA20: | 0.033650 | |
| MA50: | 0.033076 | |
| MA100: | 0.038029 | |
| MAexp7: | 0.038524 | |
| MAexp20: | 0.038156 | |
| MAexp50: | 0.037573 | |
| MAexp100: | 0.036920 | |
| Price / MA7: | +6.14% | |
| Price / MA20: | +15.30% | |
| Price / MA50: | +17.31% | |
| Price / MA100: | +2.03% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +1.69% | |
| Price / MAexp50: | +3.27% | |
| Price / MAexp100: | +5.09% |
Quotes :
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Real time data
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