its_maxbro

$ORN: Bearish TA + Bullish FA = ?

Long
BINANCE:ORNUSDT   ORN / TetherUS
Fundamentally: Orion Protocol is a crazy bullish platform. We're approaching quickly the public launch of the terminal and once people realize the game changing utility of a one stop shop, best price, no KCY market aggregator? This will absolutely rip. 3 figures within a couple months wouldn't surprise me at all.... The $ORN team also keep PUMPING out partnership and integration announcements. This morning they announced a new integration partnership with $AVAX... Avalanche will bring significantly faster transactional throughput and finality, lower latency, and increased security to Orion Terminal.

Technically: On the daily chart, we've printed back to back "Sell" signals. If you look at the price action, a top and then a failed push back above looks decently bearish, and we've not had a decent pull back in multiple weeks. On the right hand pitchfork chart? We've seen the PA really respect the bottom 2.0 prong. There's multiple trend lines in play here. We're also seeing the .786 fib that was acting as resistance now flipping to support? We'll see in the next couple days.

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