Londinia Opportunities Analyses - 06/08/2023 (GMT) OLYMPUS - OHM/USDT - 1H

OLYMPUS - OHM/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: OHMUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 56.16 USDT
My targets
56.94 USDT (+0.96%)
58.55 USDT (+3.81%)
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/USDT as long as the price remains well above 56.16 USDT. The buyers' bullish objective is set at 56.94 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 58.55 USDT. If there is any crossing, the next objective would be the resistance located at 66.00 USDT. 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, 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
8

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

OLYMPUS - OHM/USDT rating 56.40 USDT. The price has increased by +0.59% since the last closing and was between 55.84 USDT and 56.64 USDT. This implies that the price is at +1.00% from its lowest and at -0.42% from its highest.

55.84
56.64
56.40

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of OLYMPUS - OHM/USDT in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 55.93 56.16 56.34 56.40 56.54 56.94 57.16
Change (%) -0.83% -0.43% -0.11% - +0.25% +0.96% +1.35%
Change -0.47 -0.24 -0.06 - +0.14 +0.54 +0.76
Level Major Minor Minor - Major Minor 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
Standard54.6655.2255.6556.2156.6457.2057.63
Camarilla55.8055.8955.9856.0756.1656.2556.34
Woodie54.5955.1955.5856.1856.5757.1757.56
Fibonacci55.2255.6055.8456.2156.5956.8357.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard52.0353.3254.9756.2657.9159.2060.85
Camarilla55.8256.0956.3656.6356.9057.1757.44
Woodie52.2253.4155.1656.3558.1059.2961.04
Fibonacci53.3254.4455.1356.2657.3858.0759.20


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard39.6445.1250.5356.0161.4266.9072.31
Camarilla52.9653.9554.9555.9556.9557.9558.95
Woodie39.6245.1050.5155.9961.4066.8872.29
Fibonacci45.1249.2851.8556.0160.1762.7466.90

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): 56.12
MACD (12,26,9): 0.0700
Directional Movement: 21.47
AROON (14): -42.86
DEMA (21): 56.23
Parabolic SAR (0,02-0,02-0,2): 55.89
Elder Ray (13): -0.01
Super Trend (3,10): 56.82
Zig ZAG (10): 56.40
VORTEX (21): 1.0000
Stochastique (14,3,5): 67.80
TEMA (21): 56.28
Williams %R (14): -26.58
Chande Momentum Oscillator (20): 0.45
Repulse (5,40,3): 1.0600
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.67
MA7: 56.30
MA20: 56.12
MA50: 55.79
MA100: 55.60
MAexp7: 56.26
MAexp20: 56.15
MAexp50: 56.07
MAexp100: 56.07
Price / MA7: +0.18%
Price / MA20: +0.50%
Price / MA50: +1.09%
Price / MA100: +1.44%
Price / MAexp7: +0.25%
Price / MAexp20: +0.45%
Price / MAexp50: +0.59%
Price / MAexp100: +0.59%

Quotes : - Real time data - Cryptocompare