Londinia Opportunities Analyses - 06/08/2023 (GMT) OLYMPUS - OHM/USDT - 1H
Type: | Cryptocurrencies |
Ticker: | OHMUSDT |
ISIN: |
- 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.
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:
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:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 54.66 | 55.22 | 55.65 | 56.21 | 56.64 | 57.20 | 57.63 |
Camarilla | 55.80 | 55.89 | 55.98 | 56.07 | 56.16 | 56.25 | 56.34 |
Woodie | 54.59 | 55.19 | 55.58 | 56.18 | 56.57 | 57.17 | 57.56 |
Fibonacci | 55.22 | 55.60 | 55.84 | 56.21 | 56.59 | 56.83 | 57.20 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 52.03 | 53.32 | 54.97 | 56.26 | 57.91 | 59.20 | 60.85 |
Camarilla | 55.82 | 56.09 | 56.36 | 56.63 | 56.90 | 57.17 | 57.44 |
Woodie | 52.22 | 53.41 | 55.16 | 56.35 | 58.10 | 59.29 | 61.04 |
Fibonacci | 53.32 | 54.44 | 55.13 | 56.26 | 57.38 | 58.07 | 59.20 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 39.64 | 45.12 | 50.53 | 56.01 | 61.42 | 66.90 | 72.31 |
Camarilla | 52.96 | 53.95 | 54.95 | 55.95 | 56.95 | 57.95 | 58.95 |
Woodie | 39.62 | 45.10 | 50.51 | 55.99 | 61.40 | 66.88 | 72.29 |
Fibonacci | 45.12 | 49.28 | 51.85 | 56.01 | 60.17 | 62.74 | 66.90 |
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 :
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Real time data
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