ORION - ORN/USD - 1H - Technical analysis published on 06/09/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.70 USD
My targets
1.80 USD (+4.05%)
1.87 USD (+8.09%)
My analysis
The basic trend is currently slightly bullish on ORION PROTOCOL - ORN/USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.70 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1.80 USD. Then the price could move towards 1.87 USD. Then 2.18 USD by extension. A return under the support to 1.70 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.5
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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 1.73 USD. The price has increased by +6.79% since the last closing and was traded between 1.59 USD and 1.83 USD over the period. The price is currently at +8.81% from its lowest and -5.46% from its highest.1.59
1.83
1.73
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ORION PROTOCOL - ORN/USD in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.57 | 1.65 | 1.70 | 1.73 | 1.80 | 1.87 | 2.18 |
| Change (%) | -9.25% | -4.62% | -1.73% | - | +4.05% | +8.09% | +26.01% |
| Change | -0.16 | -0.08 | -0.03 | - | +0.07 | +0.14 | +0.45 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 1.43 | 1.47 | 1.55 | 1.59 | 1.67 | 1.71 | 1.79 |
| Camarilla | 1.59 | 1.60 | 1.61 | 1.62 | 1.63 | 1.64 | 1.65 |
| Woodie | 1.44 | 1.48 | 1.56 | 1.60 | 1.68 | 1.72 | 1.80 |
| Fibonacci | 1.47 | 1.52 | 1.55 | 1.59 | 1.64 | 1.67 | 1.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.12 | 1.32 | 1.47 | 1.67 | 1.82 | 2.02 | 2.17 |
| Camarilla | 1.52 | 1.56 | 1.59 | 1.62 | 1.65 | 1.68 | 1.72 |
| Woodie | 1.10 | 1.31 | 1.45 | 1.66 | 1.80 | 2.01 | 2.15 |
| Fibonacci | 1.32 | 1.45 | 1.54 | 1.67 | 1.80 | 1.89 | 2.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.87 | 1.04 | 1.29 | 1.46 | 1.71 | 1.88 | 2.13 |
| Camarilla | 1.42 | 1.45 | 1.49 | 1.53 | 1.57 | 1.61 | 1.65 |
| Woodie | 0.90 | 1.06 | 1.32 | 1.48 | 1.74 | 1.90 | 2.16 |
| Fibonacci | 1.04 | 1.20 | 1.30 | 1.46 | 1.62 | 1.72 | 1.88 |
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): | 66.96 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 35.25 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 1.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.60 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 1.62 | |
| Zig ZAG (10): | 1.72 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 60.55 | |
| TEMA (21): | 1.70 | |
| Williams %R (14): | -49.04 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 10.02 |
| MA7: | 1.69 | |
| MA20: | 1.56 | |
| MA50: | 1.51 | |
| MA100: | 1.81 | |
| MAexp7: | 1.69 | |
| MAexp20: | 1.65 | |
| MAexp50: | 1.65 | |
| MAexp100: | 1.66 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | +10.90% | |
| Price / MA50: | +14.57% | |
| Price / MA100: | -4.42% | |
| Price / MAexp7: | +2.37% | |
| Price / MAexp20: | +4.85% | |
| Price / MAexp50: | +4.85% | |
| Price / MAexp100: | +4.22% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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