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ORION - ORN/USD
ORION - ORN/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ORNUSD
ISIN:

ORION - ORN/USD - 1H - Technical analysis published on 03/06/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
17%
6%
My opinion
Bullish above 3.84 USD
My targets
4.22 USD (+5.43%)
4.59 USD (+14.83%)
My analysis
The bullish trend is currently very strong on ORION PROTOCOL - ORN/USD. As long as the price remains above the support at 3.84 USD, you could try to benefit from the boom. The first bullish objective is located at 4.22 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.59 USD as an objective. 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
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

ralf19812001
This analysis was given by ralf19812001. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

ORION PROTOCOL - ORN/USD rating 4.00 USD. The price has increased by +22.32% since the last closing and was between 3.21 USD and 5.74 USD. This implies that the price is at +24.61% from its lowest and at -30.31% from its highest.

3.21
5.74
4.00

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ORION PROTOCOL - ORN/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of ORION PROTOCOL - ORN/USD indicates that the overall trend is strongly bullish. 85.71% 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 3.35 3.64 3.84 4.00
Change (%) -16.25% -9.00% -4.00% -
Change -0.65 -0.36 -0.16 -
Level Major Minor Minor -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.742.863.073.193.403.523.73
Camarilla3.183.213.243.273.303.333.36
Woodie2.782.883.113.213.443.543.77
Fibonacci2.862.993.073.193.323.403.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.042.522.893.373.744.224.59
Camarilla3.043.113.193.273.353.433.50
Woodie2.002.492.853.343.704.194.55
Fibonacci2.522.843.043.373.693.894.22


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.681.712.523.554.365.396.20
Camarilla2.833.003.173.343.513.683.85
Woodie0.581.662.423.504.265.346.10
Fibonacci1.712.412.843.554.254.685.39

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): 79.98
MACD (12,26,9): 0.1600
Directional Movement: 69.85
AROON (14): 85.71
DEMA (21): 3.58
Parabolic SAR (0,02-0,02-0,2): 3.44
Elder Ray (13): 0.41
Super Trend (3,10): 3.68
Zig ZAG (10): 3.91
VORTEX (21): 1.1800
Stochastique (14,3,5): 29.20
TEMA (21): 3.72
Williams %R (14): -73.28
Chande Momentum Oscillator (20): 0.67
Repulse (5,40,3): -8.9300
ROCnROLL: 1
TRIX (15,9): 0.3100
Courbe Coppock: 27.56
MA7: 3.39
MA20: 3.45
MA50: 3.90
MA100: -
MAexp7: 3.65
MAexp20: 3.42
MAexp50: 3.32
MAexp100: 3.30
Price / MA7: +17.99%
Price / MA20: +15.94%
Price / MA50: +2.56%
Price / MA100: -
Price / MAexp7: +9.59%
Price / MAexp20: +16.96%
Price / MAexp50: +20.48%
Price / MAexp100: +21.21%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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