ORION PROTOCOL - ORN/USD - 1H - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.29 USD
My targets
1.45 USD (+0.69%)
1.48 USD (+2.57%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ORION PROTOCOL - ORN/USD as long as the price remains well above 1.29 USD. The buyers' bullish objective is set at 1.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.48 USD. If there is any crossing, the next objective would be the resistance located at 1.62 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.45 USD. On this resistance, against the trend traders who would like to go short on ORION PROTOCOL - ORN/USD with a bearish signal from their trading strategy, should not hesitate to act.
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
3.4
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Additional analysis
Quotes
The ORION PROTOCOL - ORN/USD price is 1.44 USD. The price has increased by +3.60% since the last closing with the lowest point at 1.39 USD and the highest point at 1.45 USD. The deviation from the price is +3.60% for the low point and -0.69% for the high point.1.39
1.45
1.44
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 ORION PROTOCOL - ORN/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.72 | 0.94 | 1.29 | 1.44 | 1.45 | 1.62 | 1.70 |
| Change (%) | -50.00% | -34.72% | -10.42% | - | +0.69% | +12.50% | +18.06% |
| Change | -0.72 | -0.50 | -0.15 | - | +0.01 | +0.18 | +0.26 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 1.14 | 1.22 | 1.30 | 1.38 | 1.46 | 1.54 | 1.62 |
| Camarilla | 1.35 | 1.36 | 1.38 | 1.39 | 1.41 | 1.42 | 1.43 |
| Woodie | 1.15 | 1.22 | 1.31 | 1.38 | 1.47 | 1.54 | 1.63 |
| Fibonacci | 1.22 | 1.28 | 1.32 | 1.38 | 1.44 | 1.48 | 1.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.99 | 1.21 | 1.48 | 1.70 | 1.97 | 2.19 | 2.46 |
| Camarilla | 1.61 | 1.65 | 1.70 | 1.74 | 1.79 | 1.83 | 1.88 |
| Woodie | 1.01 | 1.22 | 1.50 | 1.71 | 1.99 | 2.20 | 2.48 |
| Fibonacci | 1.21 | 1.40 | 1.52 | 1.70 | 1.89 | 2.01 | 2.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.40 | 0.43 | 0.96 | 1.79 | 2.32 | 3.15 | 3.68 |
| Camarilla | 1.11 | 1.23 | 1.36 | 1.48 | 1.61 | 1.73 | 1.85 |
| Woodie | -0.56 | 0.36 | 0.80 | 1.72 | 2.16 | 3.08 | 3.52 |
| Fibonacci | 0.43 | 0.95 | 1.27 | 1.79 | 2.31 | 2.63 | 3.15 |
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): | 56.07 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 12.65 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.34 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.44 | |
| Zig ZAG (10): | 1.42 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 81.05 | |
| TEMA (21): | 1.42 | |
| Williams %R (14): | -14.90 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 8.34 |
| MA7: | 1.55 | |
| MA20: | 1.56 | |
| MA50: | 1.99 | |
| MA100: | 1.72 | |
| MAexp7: | 1.41 | |
| MAexp20: | 1.39 | |
| MAexp50: | 1.41 | |
| MAexp100: | 1.47 | |
| Price / MA7: | -7.10% | |
| Price / MA20: | -7.69% | |
| Price / MA50: | -27.64% | |
| Price / MA100: | -16.28% | |
| Price / MAexp7: | +2.13% | |
| Price / MAexp20: | +3.60% | |
| Price / MAexp50: | +2.13% | |
| Price / MAexp100: | -2.04% |
Quotes :
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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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