ORION - ORN/USD - 1H - Technical analysis published on 11/13/2024 (GMT)
- 126
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
50%
11%
My opinion
Bearish under 1.08 USD
My targets
1.01 USD (-1.94%)
0.98 USD (-4.85%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ORION PROTOCOL - ORN/USD as long as the price remains well below 1.08 USD. The sellers' bearish objective is set at 1.01 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.98 USD. In case of crossing, the next objective would be the support located at 0.84 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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:
Additional analysis
Quotes
The ORION PROTOCOL - ORN/USD price is 1.03 USD. The price registered a decrease of -0.96% on the session and was between 1.00 USD and 1.05 USD. This implies that the price is at +3.00% from its lowest and at -1.90% from its highest.1.00
1.05
1.03
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ORION PROTOCOL - ORN/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Upside gap
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.84 | 0.98 | 1.01 | 1.03 | 1.03 | 1.09 | 1.13 |
| Change (%) | -18.45% | -4.85% | -1.94% | 0% | - | +5.83% | +9.71% |
| Change | -0.19 | -0.05 | -0.02 | 0 | - | +0.06 | +0.10 |
| Level | Major | Minor | Major | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.83 | 0.92 | 0.98 | 1.07 | 1.13 | 1.22 | 1.28 |
| Camarilla | 1.00 | 1.01 | 1.03 | 1.04 | 1.05 | 1.07 | 1.08 |
| Woodie | 0.82 | 0.91 | 0.97 | 1.06 | 1.12 | 1.21 | 1.27 |
| Fibonacci | 0.92 | 0.98 | 1.01 | 1.07 | 1.13 | 1.16 | 1.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.95 | 1.02 | 1.08 | 1.15 | 1.21 | 1.28 |
| Camarilla | 1.05 | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.13 |
| Woodie | 0.90 | 0.95 | 1.03 | 1.08 | 1.16 | 1.21 | 1.29 |
| Fibonacci | 0.95 | 1.00 | 1.03 | 1.08 | 1.13 | 1.16 | 1.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.23 | 0.28 | 0.73 | 1.24 | 1.69 | 2.20 | 2.65 |
| Camarilla | 0.93 | 1.01 | 1.10 | 1.19 | 1.28 | 1.37 | 1.45 |
| Woodie | -0.25 | 0.27 | 0.71 | 1.23 | 1.67 | 2.19 | 2.63 |
| Fibonacci | 0.28 | 0.64 | 0.87 | 1.24 | 1.60 | 1.83 | 2.20 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.22 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -14.56 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 1.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.08 | |
| Zig ZAG (10): | 1.03 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 20.26 | |
| TEMA (21): | 1.01 | |
| Williams %R (14): | -74.51 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 1.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 6.26 |
| MA7: | 1.09 | |
| MA20: | 1.10 | |
| MA50: | 1.12 | |
| MA100: | 1.14 | |
| MAexp7: | 1.02 | |
| MAexp20: | 1.04 | |
| MAexp50: | 1.08 | |
| MAexp100: | 1.09 | |
| Price / MA7: | -5.50% | |
| Price / MA20: | -6.36% | |
| Price / MA50: | -8.04% | |
| Price / MA100: | -9.65% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -4.63% | |
| Price / MAexp100: | -5.50% |
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