ORION - ORN/USD - 1H - Technical analysis published on 11/29/2022 (GMT)
- 124
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.932000 USD
My targets
0.988000 USD (+1.75%)
1.062000 USD (+9.37%)
My analysis
ORION PROTOCOL - ORN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.932000 USD. The next resistance located at 0.988000 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.062000 USD. After this resistance, buyers could then target 1.130830 USD.
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
7.7
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ORION PROTOCOL - ORN/USD rating 0.971000 USD. On the day, this instrument gained +11.10% and was between 0.867000 USD and 1.059000 USD. This implies that the price is at +12.00% from its lowest and at -8.31% from its highest.0.867000
1.059000
0.971000
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ORION PROTOCOL - ORN/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.890000 | 0.910333 | 0.932000 | 0.971000 | 0.976000 | 1.130830 | 1.283300 |
| Change (%) | -8.34% | -6.25% | -4.02% | - | +0.51% | +16.46% | +32.16% |
| Change | -0.081000 | -0.060667 | -0.039000 | - | +0.005000 | +0.159830 | +0.312300 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 0.821667 | 0.843333 | 0.858667 | 0.880333 | 0.895667 | 0.917333 | 0.932667 |
| Camarilla | 0.863825 | 0.867217 | 0.870608 | 0.874000 | 0.877392 | 0.880783 | 0.884175 |
| Woodie | 0.818500 | 0.841750 | 0.855500 | 0.878750 | 0.892500 | 0.915750 | 0.929500 |
| Fibonacci | 0.843333 | 0.857467 | 0.866199 | 0.880333 | 0.894467 | 0.903199 | 0.917333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.668000 | 0.742000 | 0.828000 | 0.902000 | 0.988000 | 1.062000 | 1.148000 |
| Camarilla | 0.870000 | 0.884667 | 0.899333 | 0.914000 | 0.928667 | 0.943333 | 0.958000 |
| Woodie | 0.674000 | 0.745000 | 0.834000 | 0.905000 | 0.994000 | 1.065000 | 1.154000 |
| Fibonacci | 0.742000 | 0.803120 | 0.840880 | 0.902000 | 0.963120 | 1.000880 | 1.062000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.684667 | 0.821333 | 0.965667 | 1.102333 | 1.246667 | 1.383333 | 1.527667 |
| Camarilla | 1.032725 | 1.058483 | 1.084242 | 1.110000 | 1.135758 | 1.161517 | 1.187275 |
| Woodie | 0.688500 | 0.823250 | 0.969500 | 1.104250 | 1.250500 | 1.385250 | 1.531500 |
| Fibonacci | 0.821333 | 0.928675 | 0.994991 | 1.102333 | 1.209675 | 1.275991 | 1.383333 |
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): | 76.14 | |
| MACD (12,26,9): | 0.0082 | |
| Directional Movement: | 46.416584 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.899487 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.873028 | |
| Elder Ray (13): | 0.050625 | |
| Super Trend (3,10): | 0.907073 | |
| Zig ZAG (10): | 0.977000 | |
| VORTEX (21): | 1.2551 | |
| Stochastique (14,3,5): | 91.50 | |
| TEMA (21): | 0.937987 | |
| Williams %R (14): | -18.13 | |
| Chande Momentum Oscillator (20): | 0.167000 | |
| Repulse (5,40,3): | 10.7666 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0078 | |
| Courbe Coppock: | 10.21 |
| MA7: | 0.910000 | |
| MA20: | 0.900200 | |
| MA50: | 1.018540 | |
| MA100: | 1.073580 | |
| MAexp7: | 0.923176 | |
| MAexp20: | 0.889673 | |
| MAexp50: | 0.887884 | |
| MAexp100: | 0.888687 | |
| Price / MA7: | +6.70% | |
| Price / MA20: | +7.86% | |
| Price / MA50: | -4.67% | |
| Price / MA100: | -9.55% | |
| Price / MAexp7: | +5.18% | |
| Price / MAexp20: | +9.14% | |
| Price / MAexp50: | +9.36% | |
| Price / MAexp100: | +9.26% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ORION - ORN/USD - 1H