ORION - ORN/USD - 1H - Technical analysis published on 07/03/2023 (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:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.672000 USD
My targets
0.695000 USD (+1.61%)
0.706500 USD (+3.29%)
My analysis
ORION PROTOCOL - ORN/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.672000 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.695000 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.706500 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.719333 USD. Beware of a possible return to under the support located at 0.672000 USD which would be the sign of a correction of the bullish excesses registered in the short term.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORION PROTOCOL - ORN/USD price is 0.684000 USD. On the day, this instrument lost -0.15% and was between 0.676000 USD and 0.686000 USD. This implies that the price is at +1.18% from its lowest and at -0.29% from its highest.0.676000
0.686000
0.684000
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:
Technical
A technical analysis in 1H of this ORION PROTOCOL - ORN/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.651000 | 0.664500 | 0.672000 | 0.684000 | 0.685000 | 0.695000 | 0.706500 |
| Change (%) | -4.82% | -2.85% | -1.75% | - | +0.15% | +1.61% | +3.29% |
| Change | -0.033000 | -0.019500 | -0.012000 | - | +0.001000 | +0.011000 | +0.022500 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Major |
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 | 0.644667 | 0.656333 | 0.670667 | 0.682333 | 0.696667 | 0.708333 | 0.722667 |
| Camarilla | 0.677850 | 0.680233 | 0.682617 | 0.685000 | 0.687383 | 0.689767 | 0.692150 |
| Woodie | 0.646000 | 0.657000 | 0.672000 | 0.683000 | 0.698000 | 0.709000 | 0.724000 |
| Fibonacci | 0.656333 | 0.666265 | 0.672401 | 0.682333 | 0.692265 | 0.698401 | 0.708333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.570000 | 0.617000 | 0.655000 | 0.702000 | 0.740000 | 0.787000 | 0.825000 |
| Camarilla | 0.669625 | 0.677417 | 0.685208 | 0.693000 | 0.700792 | 0.708583 | 0.716375 |
| Woodie | 0.565500 | 0.614750 | 0.650500 | 0.699750 | 0.735500 | 0.784750 | 0.820500 |
| Fibonacci | 0.617000 | 0.649470 | 0.669530 | 0.702000 | 0.734470 | 0.754530 | 0.787000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.272000 | 0.451000 | 0.570000 | 0.749000 | 0.868000 | 1.047000 | 1.166000 |
| Camarilla | 0.607050 | 0.634367 | 0.661683 | 0.689000 | 0.716317 | 0.743633 | 0.770950 |
| Woodie | 0.242000 | 0.436000 | 0.540000 | 0.734000 | 0.838000 | 1.032000 | 1.136000 |
| Fibonacci | 0.451000 | 0.564836 | 0.635164 | 0.749000 | 0.862836 | 0.933164 | 1.047000 |
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): | 56.14 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 1.554389 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.678946 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.671521 | |
| Elder Ray (13): | 0.003298 | |
| Super Trend (3,10): | 0.689380 | |
| Zig ZAG (10): | 0.685000 | |
| VORTEX (21): | 0.9528 | |
| Stochastique (14,3,5): | 80.39 | |
| TEMA (21): | 0.680372 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.005000 | |
| Repulse (5,40,3): | 1.6873 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0296 | |
| Courbe Coppock: | 1.28 |
| MA7: | 0.686000 | |
| MA20: | 0.685800 | |
| MA50: | 0.795960 | |
| MA100: | 0.875960 | |
| MAexp7: | 0.681023 | |
| MAexp20: | 0.679505 | |
| MAexp50: | 0.681102 | |
| MAexp100: | 0.684437 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.26% | |
| Price / MA50: | -14.07% | |
| Price / MA100: | -21.91% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | -0.06% |
Quotes :
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Real time data
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Cryptocompare
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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