On the above 4-day chart price action has corrected 98% since 26 dollars. Is now a better opportunity from that one published in January @ 1 dollar? (linked)
At this time:
1) Price action and RSI resistance breakouts plus backtests confirmations.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) What was said above is also true for the ORN-BTC pair.
4) The falling wedge breakout prints on legacy support. It is from here the flagpole is used to measure the target, which is also the golden ratio @ 6 dollars or thereabouts.
Is it possible price action could fall further? Sure. Is it probable? No.
Ww
Type: trade Risk: <=6% of portfolio Timeframe: act now Return: 1100% / $6
Trade active
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300% so far. Only another 170% until 1100% / $6 target.