ORION - ORN/USD - 1H - Technical analysis published on 02/16/2023 (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
72%
6%
22%
My opinion
Bullish above 1.041000 USD
My targets
1.107333 USD (+2.63%)
1.166667 USD (+8.12%)
My analysis
The bullish trend is currently very strong on ORION PROTOCOL - ORN/USD. As long as the price remains above the support at 1.041000 USD, you could try to benefit from the boom. The first bullish objective is located at 1.107333 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.166667 USD as an objective. Crossing it would then enable buyers to target 1.283890 USD. 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
8.2
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Additional analysis
Quotes
The ORION PROTOCOL - ORN/USD rating is 1.079000 USD. The price has increased by +9.88% since the last closing and was between 0.969000 USD and 1.079000 USD. This implies that the price is at +11.35% from its lowest and at 0% from its highest.0.969000
1.079000
1.079000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ORION PROTOCOL - ORN/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ORION PROTOCOL - ORN/USD in 1H shows a strongly overall 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.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Long white line
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.982000 | 1.014860 | 1.041000 | 1.079000 | 1.283890 | 1.431000 | 1.611000 |
| Change (%) | -8.99% | -5.94% | -3.52% | - | +18.99% | +32.62% | +49.30% |
| Change | -0.097000 | -0.064140 | -0.038000 | - | +0.204890 | +0.352000 | +0.532000 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
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 | 0.861000 | 0.886000 | 0.934000 | 0.959000 | 1.007000 | 1.032000 | 1.080000 |
| Camarilla | 0.961925 | 0.968617 | 0.975308 | 0.982000 | 0.988692 | 0.995383 | 1.002075 |
| Woodie | 0.872500 | 0.891750 | 0.945500 | 0.964750 | 1.018500 | 1.037750 | 1.091500 |
| Fibonacci | 0.886000 | 0.913886 | 0.931114 | 0.959000 | 0.986886 | 1.004114 | 1.032000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.722667 | 0.811333 | 0.870667 | 0.959333 | 1.018667 | 1.107333 | 1.166667 |
| Camarilla | 0.889300 | 0.902867 | 0.916433 | 0.930000 | 0.943567 | 0.957133 | 0.970700 |
| Woodie | 0.708000 | 0.804000 | 0.856000 | 0.952000 | 1.004000 | 1.100000 | 1.152000 |
| Fibonacci | 0.811333 | 0.867869 | 0.902797 | 0.959333 | 1.015869 | 1.050797 | 1.107333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.420000 | 0.567000 | 0.759000 | 0.906000 | 1.098000 | 1.245000 | 1.437000 |
| Camarilla | 0.857775 | 0.888850 | 0.919925 | 0.951000 | 0.982075 | 1.013150 | 1.044225 |
| Woodie | 0.442500 | 0.578250 | 0.781500 | 0.917250 | 1.120500 | 1.256250 | 1.459500 |
| Fibonacci | 0.567000 | 0.696498 | 0.776502 | 0.906000 | 1.035498 | 1.115502 | 1.245000 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 78.00 | |
| MACD (12,26,9): | 0.0187 | |
| Directional Movement: | 42.962669 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 1.011367 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.982488 | |
| Elder Ray (13): | 0.022963 | |
| Super Trend (3,10): | 0.989357 | |
| Zig ZAG (10): | 1.018000 | |
| VORTEX (21): | 1.2283 | |
| Stochastique (14,3,5): | 77.53 | |
| TEMA (21): | 1.018022 | |
| Williams %R (14): | -38.20 | |
| Chande Momentum Oscillator (20): | 0.040000 | |
| Repulse (5,40,3): | 1.5616 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2396 | |
| Courbe Coppock: | 6.70 |
| MA7: | 0.939429 | |
| MA20: | 0.960900 | |
| MA50: | 0.883400 | |
| MA100: | 0.882390 | |
| MAexp7: | 1.010113 | |
| MAexp20: | 0.988018 | |
| MAexp50: | 0.960372 | |
| MAexp100: | 0.943523 | |
| Price / MA7: | +14.86% | |
| Price / MA20: | +12.29% | |
| Price / MA50: | +22.14% | |
| Price / MA100: | +22.28% | |
| Price / MAexp7: | +6.82% | |
| Price / MAexp20: | +9.21% | |
| Price / MAexp50: | +12.35% | |
| Price / MAexp100: | +14.36% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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