assetsandcoffee

ORN - Weekly - "Transitioning to new cycle on 3/21/22"

KUCOIN:ORNUSDT   Orion Protocol / Tether
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................................✋Not Financial Advice; DYOR👍...............................
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➡️Technical Standpoint⬅️
1.) Current fair value is $4.01.
2.) Clearly in a downtrend and will most likely reach the $2.66 level.
3.) $2.20 was a previous market maker fair value level. If price breaks past $2.66, I expect a strong rebound at $2.20.
4.) A monthly inverted hammer is forming for the month of March. The bulls will have to close above $2.66 for this to be a valid candle.
5.) Entering a new cycle 3/21/22 for this ticker. This ticker does not have a clear history of what happens after 2 cycles of downtrends. Either a reversal or move up is expected.

➡️Fundamental Standpoint⬅️
1.) Fantom Integration
2.) Still quite early in its development. Team follows the ""better safe than sorry"" principle, which has resulted in a lack of serious marketing.
3.) Great project overall, one of the first of its kind. Unfortunately, this ticker will not be taking off like a rocketship, unless all market makers are on the same page.

➡️Current Season⬅️
- BTC , ETH, and Large Market Caps Season

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✨ Moving Averages(MA): TD Sequential ( TDS ): https://tradetrekker.wordpress.com/tdseq...


Comment: Looks like market makers are putting out their 2nd signal for a reversal. If we hold at a 4%-5% gain or more on todays(3/16) daily candle, this idea is valid.
Comment: New Discovery: "Elliot Wave ABC" correction on the weekly chart suggests we are at a confirmed bottom range. Bottom ranges between $4.01 - $2.20

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