ORNUSDT (ORION PROTOCOL) - POTENTIAL BUY ENTRY Long

ORN / TetherUSBinance

Description

⋅ Apr 3, 2021 6:10 AM

ANALYSIS 🔎
- ORNUSDT is bounded in the descending channel (DC).
- Price is testing the descending channel support.
- The impulsive downtrend move is bounded in the falling wedge (FW) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and horizontal resistance level (R1).

TARGETS 🎯
- Horizontal resistance level (R2).
- Descending channel resistance.

SETUP INVALIDATION ❌
- Breakdown below the descending channel support.

Comments

moemetwally

⋅ Apr 4, 2021 10:50 AM

looks good!

Chibuike_Odoh

⋅ Apr 4, 2021 11:53 AM

@moemetwally 👍

AlkalineFX

⋅ Apr 3, 2021 5:13 PM

Clean as always

Chibuike_Odoh

⋅ Apr 3, 2021 5:42 PM

@AlkalineFX 👍