TradingView
MyCryptoParadise
Jan 31, 2024 8:18 AM

ORN/USDT Bullish Breakout from a Key Pattern? πŸš€ORN AnalysisΒ Long

ORN / TetherUSBinance

Description

β‹…
πŸ’Ž Paradisers, focus on #ORNUSDT, as it's currently trading in a demand zone and following a 'cup and handle' pattern, hinting at a potential bullish surge.

πŸ’Ž A noteworthy aspect of #OrionProtocol is its current formation of the Cup and Handle bullish reversal pattern. We're on the lookout for a breakout above soon. If it can keep up the momentum at the demand level of $0.7793, we might be looking at a strong push towards the $1 mark.

πŸ’Ž There's also another critical level to keep an eye on - the lower demand at $0.7117. If #ORN starts to lose steam, we anticipate a bullish rebound from this lower demand level. However, a dip below this could invalidate the current bullish setup.

Trade closed: target reached

β‹…
πŸ’Ž Another win! #ORNUSDT up 178.74%, as forecasted!

Comment

β‹…
Comments
Xanrox
β‹…
It looks like a bullish flag from my point of view. Wait for a confirmation.
ronakio1
β‹…
@Xanrox, Looks like it will go higher than $1
siavash712
β‹…
Thank you, it was great, please analyze the ORN again
ronakio1
β‹…
Thanks for your analysis. Looking pretty bullish still.
DenseCapital
β‹…
Chart looks fenomenal on ORN.Their Orion trading platform is really nice as well although there’s room for improvement plus the team failed to deliver on their original road map.
More