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 02/07/2024 (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: Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.795139 USD
My targets
0.864867 USD (+4.23%)
0.878651 USD (+5.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ORION PROTOCOL - ORN/USD as long as the price remains well above 0.795139 USD. The buyers' bullish objective is set at 0.864867 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.878651 USD. If there is any crossing, the next objective would be the resistance located at 0.943872 USD.

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
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.

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

Additional analysis

Quotes

ORION PROTOCOL - ORN/USD rating 0.829789 USD. On the day, this instrument gained +6.97% with the lowest point at 0.766517 USD and the highest point at 0.839643 USD. The deviation from the price is +8.25% for the low point and -1.17% for the high point.

0.766517
0.839643
0.829789

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 Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of ORION PROTOCOL - ORN/USD in 1H shows an overall 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:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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


Williams %R indicator is overbought : over -20

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 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.770316 0.795139 0.826335 0.829789 0.864867 0.878651 0.943872
Change (%) -7.17% -4.18% -0.42% - +4.23% +5.89% +13.75%
Change -0.059473 -0.034650 -0.003454 - +0.035078 +0.048862 +0.114083
Level Intermediate Intermediate Intermediate - Intermediate Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.7390920.7543050.7650100.7802230.7909280.8061410.816846
Camarilla0.7685880.7709630.7733390.7757150.7780910.7804670.782843
Woodie0.7368380.7531780.7627560.7790960.7886740.8050140.814592
Fibonacci0.7543050.7642060.7703220.7802230.7901240.7962400.806141


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5902520.6644210.7303140.8044830.8703760.9445451.010438
Camarilla0.7576910.7705300.7833690.7962080.8090470.8218860.834725
Woodie0.5861150.6623520.7261770.8024140.8662390.9424761.006301
Fibonacci0.6644210.7179240.7509790.8044830.8579860.8910410.944545


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1851930.4460200.6219760.8828031.0587591.3195861.495542
Camarilla0.6778170.7178550.7578940.7979320.8379700.8780090.918047
Woodie0.1427580.4248020.5795410.8615851.0163241.2983681.453107
Fibonacci0.4460200.6128710.7159520.8828031.0496541.1527351.319586

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): 82.63
MACD (12,26,9): 0.0078
Directional Movement: 41.494018
AROON (14): 64.285714
DEMA (21): 0.798329
Parabolic SAR (0,02-0,02-0,2): 0.783051
Elder Ray (13): 0.032275
Super Trend (3,10): 0.798668
Zig ZAG (10): 0.826941
VORTEX (21): 1.2981
Stochastique (14,3,5): 88.83
TEMA (21): 0.807985
Williams %R (14): -10.82
Chande Momentum Oscillator (20): 0.057672
Repulse (5,40,3): 4.0445
ROCnROLL: 1
TRIX (15,9): 0.0379
Courbe Coppock: 6.79
MA7: 0.795437
MA20: 0.828915
MA50: 0.833591
MA100: 0.776327
MAexp7: 0.804619
MAexp20: 0.790671
MAexp50: 0.786957
MAexp100: 0.790467
Price / MA7: +4.32%
Price / MA20: +0.11%
Price / MA50: -0.46%
Price / MA100: +6.89%
Price / MAexp7: +3.13%
Price / MAexp20: +4.95%
Price / MAexp50: +5.44%
Price / MAexp100: +4.97%

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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