ORION - ORN/USD - 1H - Technical analysis published on 06/30/2024 (GMT)
- 176
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.59 USD
My targets
1.70 USD (+3.66%)
1.78 USD (+8.54%)
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 1.59 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1.70 USD. Then the price could move towards 1.78 USD. Then 1.85 USD by extension. A return under the support to 1.59 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.5
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
The ORION PROTOCOL - ORN/USD price is 1.64 USD. On the day, this instrument gained +5.81% and was traded between 1.53 USD and 1.65 USD over the period. The price is currently at +7.19% from its lowest and -0.61% from its highest.1.53
1.65
1.64
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ORION PROTOCOL - ORN/USD indicates that the overall trend is slightly bullish. 46.43% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.54 | 1.59 | 1.64 | 1.64 | 1.70 | 1.78 | 1.85 |
| Change (%) | -6.10% | -3.05% | 0% | - | +3.66% | +8.54% | +12.80% |
| Change | -0.10 | -0.05 | 0 | - | +0.06 | +0.14 | +0.21 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
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 | 1.39 | 1.47 | 1.51 | 1.59 | 1.63 | 1.71 | 1.75 |
| Camarilla | 1.52 | 1.53 | 1.54 | 1.55 | 1.56 | 1.57 | 1.58 |
| Woodie | 1.37 | 1.46 | 1.49 | 1.58 | 1.61 | 1.70 | 1.73 |
| Fibonacci | 1.47 | 1.52 | 1.54 | 1.59 | 1.64 | 1.66 | 1.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.68 | 1.02 | 1.28 | 1.62 | 1.88 | 2.22 | 2.48 |
| Camarilla | 1.39 | 1.44 | 1.50 | 1.55 | 1.61 | 1.66 | 1.72 |
| Woodie | 0.65 | 1.00 | 1.25 | 1.60 | 1.85 | 2.20 | 2.45 |
| Fibonacci | 1.02 | 1.25 | 1.39 | 1.62 | 1.85 | 1.99 | 2.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.97 | 1.10 | 1.31 | 1.44 | 1.65 | 1.78 | 1.99 |
| Camarilla | 1.44 | 1.47 | 1.50 | 1.53 | 1.56 | 1.59 | 1.62 |
| Woodie | 1.02 | 1.12 | 1.36 | 1.46 | 1.70 | 1.80 | 2.04 |
| Fibonacci | 1.10 | 1.23 | 1.31 | 1.44 | 1.57 | 1.65 | 1.78 |
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): | 65.58 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 25.86 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.58 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.60 | |
| Zig ZAG (10): | 1.65 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 99.40 | |
| TEMA (21): | 1.64 | |
| Williams %R (14): | -0.86 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 1.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 10.38 |
| MA7: | 1.64 | |
| MA20: | 1.67 | |
| MA50: | 1.57 | |
| MA100: | 1.71 | |
| MAexp7: | 1.63 | |
| MAexp20: | 1.61 | |
| MAexp50: | 1.61 | |
| MAexp100: | 1.63 | |
| Price / MA7: | -0% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | +4.46% | |
| Price / MA100: | -4.09% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.86% | |
| Price / MAexp50: | +1.86% | |
| Price / MAexp100: | +0.61% |
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