ORION PROTOCOL - ORN/USD - 1H - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.21 USD
My targets
1.29 USD (+2.38%)
1.37 USD (+8.73%)
My analysis
ORION PROTOCOL - ORN/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.21 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.29 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.37 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1.42 USD. Beware of a possible return to under the support located at 1.21 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
5.4
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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 rating is 1.26 USD. On the day, this instrument gained +5.00% with the lowest point at 1.13 USD and the highest point at 1.26 USD. The deviation from the price is +11.50% for the low point and 0% for the high point.1.13
1.26
1.26
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ORION PROTOCOL - ORN/USD in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.72 | 1.19 | 1.26 | 1.29 | 1.37 | 1.42 |
| Change (%) | -42.86% | -5.56% | - | +2.38% | +8.73% | +12.70% |
| Change | -0.54 | -0.07 | - | +0.03 | +0.11 | +0.16 |
| Level | Major | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.13 | 1.16 | 1.23 | 1.26 | 1.33 | 1.36 |
| Camarilla | 1.17 | 1.18 | 1.19 | 1.20 | 1.21 | 1.22 | 1.23 |
| Woodie | 1.05 | 1.12 | 1.15 | 1.22 | 1.25 | 1.32 | 1.35 |
| Fibonacci | 1.13 | 1.17 | 1.19 | 1.23 | 1.27 | 1.29 | 1.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 1.11 | 1.21 | 1.39 | 1.49 | 1.67 | 1.77 |
| Camarilla | 1.24 | 1.27 | 1.29 | 1.32 | 1.35 | 1.37 | 1.40 |
| Woodie | 0.90 | 1.09 | 1.18 | 1.37 | 1.46 | 1.65 | 1.74 |
| Fibonacci | 1.11 | 1.21 | 1.28 | 1.39 | 1.49 | 1.56 | 1.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.38 | 0.75 | 0.97 | 1.34 | 1.56 | 1.93 | 2.15 |
| Camarilla | 1.04 | 1.09 | 1.15 | 1.20 | 1.25 | 1.31 | 1.36 |
| Woodie | 0.32 | 0.71 | 0.91 | 1.30 | 1.50 | 1.89 | 2.09 |
| Fibonacci | 0.75 | 0.97 | 1.11 | 1.34 | 1.56 | 1.70 | 1.93 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.51 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 18.19 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.14 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 1.18 | |
| Zig ZAG (10): | 1.25 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 93.74 | |
| TEMA (21): | 1.21 | |
| Williams %R (14): | -1.54 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 4.8700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.39 |
| MA7: | 1.28 | |
| MA20: | 1.44 | |
| MA50: | 1.52 | |
| MA100: | 1.52 | |
| MAexp7: | 1.21 | |
| MAexp20: | 1.20 | |
| MAexp50: | 1.21 | |
| MAexp100: | 1.25 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | -12.50% | |
| Price / MA50: | -17.11% | |
| Price / MA100: | -17.11% | |
| Price / MAexp7: | +4.13% | |
| Price / MAexp20: | +5.00% | |
| Price / MAexp50: | +4.13% | |
| Price / MAexp100: | +0.80% |
Quotes :
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Real time data
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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…
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