ORION - ORN/USD - 1H - Technical analysis published on 06/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 1.70 USD
My targets
1.58 USD (-4.82%)
1.51 USD (-9.04%)
My analysis
The bearish basic trend is very strong on ORION PROTOCOL - ORN/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.70 USD. Crossing the first support at 1.58 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.51 USD as an objective. Crossing it would then enable sellers to target 1.47 USD. Caution, a return to above the resistance located at 1.70 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.1
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Additional analysis
Quotes
The ORION PROTOCOL - ORN/USD rating is 1.66 USD. On the day, this instrument gained +1.22% and was between 1.64 USD and 1.70 USD. This implies that the price is at +1.22% from its lowest and at -2.35% from its highest.1.64
1.70
1.66
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.47 | 1.51 | 1.58 | 1.66 | 1.70 | 1.80 | 1.88 |
| Change (%) | -11.45% | -9.04% | -4.82% | - | +2.41% | +8.43% | +13.25% |
| Change | -0.19 | -0.15 | -0.08 | - | +0.04 | +0.14 | +0.22 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.48 | 1.56 | 1.60 | 1.68 | 1.72 | 1.80 | 1.84 |
| Camarilla | 1.61 | 1.62 | 1.63 | 1.64 | 1.65 | 1.66 | 1.67 |
| Woodie | 1.46 | 1.55 | 1.58 | 1.67 | 1.70 | 1.79 | 1.82 |
| Fibonacci | 1.56 | 1.61 | 1.63 | 1.68 | 1.73 | 1.75 | 1.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.23 | 1.43 | 1.54 | 1.74 | 1.85 | 2.05 | 2.16 |
| Camarilla | 1.56 | 1.58 | 1.61 | 1.64 | 1.67 | 1.70 | 1.73 |
| Woodie | 1.18 | 1.41 | 1.49 | 1.72 | 1.80 | 2.03 | 2.11 |
| Fibonacci | 1.43 | 1.55 | 1.63 | 1.74 | 1.86 | 1.94 | 2.05 |
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): | 45.95 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.51 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.67 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.64 | |
| Zig ZAG (10): | 1.68 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 44.23 | |
| TEMA (21): | 1.68 | |
| Williams %R (14): | -48.44 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.85 |
| MA7: | 1.76 | |
| MA20: | 1.70 | |
| MA50: | 1.55 | |
| MA100: | 1.76 | |
| MAexp7: | 1.68 | |
| MAexp20: | 1.67 | |
| MAexp50: | 1.70 | |
| MAexp100: | 1.72 | |
| Price / MA7: | -5.68% | |
| Price / MA20: | -2.35% | |
| Price / MA50: | +7.10% | |
| Price / MA100: | -5.68% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -2.35% | |
| Price / MAexp100: | -3.49% |
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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