ORION - ORN/USD - 1H - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.19 USD
My targets
1.13 USD (-2.59%)
1.03 USD (-11.47%)
My analysis
The basic trend is bearish on ORION PROTOCOL - ORN/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.19 USD. Buyers would then use the next resistance located at 1.25 USD as an objective. Crossing it would then enable buyers to target 1.29 USD. If there is a return to below the support located at 1.13 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 1.03 USD and 0.72 USD by extension.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ORION PROTOCOL - ORN/USD rating 1.16 USD. The price registered an increase of +9.43% on the session with the lowest point at 0.82 USD and the highest point at 1.33 USD. The deviation from the price is +41.46% for the low point and -12.78% for the high point.0.82
1.33
1.16
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ORION PROTOCOL - ORN/USD chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.72 | 1.13 | 1.16 | 1.19 | 1.25 | 1.29 |
| Change (%) | -37.93% | -2.59% | - | +2.59% | +7.76% | +11.21% |
| Change | -0.44 | -0.03 | - | +0.03 | +0.09 | +0.13 |
| Level | Major | Intermediate | - | 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 | 0.87 | 0.95 | 1.00 | 1.08 | 1.13 | 1.21 | 1.26 |
| Camarilla | 1.02 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 | 1.10 |
| Woodie | 0.87 | 0.94 | 1.00 | 1.07 | 1.13 | 1.20 | 1.26 |
| Fibonacci | 0.95 | 1.00 | 1.03 | 1.08 | 1.13 | 1.16 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.79 | 0.94 | 1.03 | 1.18 | 1.27 | 1.42 | 1.51 |
| Camarilla | 1.04 | 1.07 | 1.09 | 1.11 | 1.13 | 1.15 | 1.18 |
| Woodie | 0.75 | 0.93 | 0.99 | 1.17 | 1.23 | 1.41 | 1.47 |
| Fibonacci | 0.94 | 1.04 | 1.09 | 1.18 | 1.28 | 1.33 | 1.42 |
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): | 26.37 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -41.80 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 0.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.96 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 0.98 | |
| Zig ZAG (10): | 0.91 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 23.71 | |
| TEMA (21): | 0.92 | |
| Williams %R (14): | -56.47 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | 7.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4700 | |
| Courbe Coppock: | 23.55 |
| MA7: | 1.14 | |
| MA20: | 1.33 | |
| MA50: | 1.48 | |
| MA100: | 1.49 | |
| MAexp7: | 0.95 | |
| MAexp20: | 1.01 | |
| MAexp50: | 1.07 | |
| MAexp100: | 1.12 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | -12.78% | |
| Price / MA50: | -21.62% | |
| Price / MA100: | -22.15% | |
| Price / MAexp7: | +22.11% | |
| Price / MAexp20: | +14.85% | |
| Price / MAexp50: | +8.41% | |
| Price / MAexp100: | +3.57% |
Quotes :
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Real time data
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