The fantastic team at Orion Protocol is doing a great job with the product and development.
1 year accumulation phase and previous high
Big Volume Candle
Bullish divergence on the weekly
Final Target 40USDT
NOT FINANCIAL ADVICE
Hi dear friends, hope you are well and welcome to the new trade setup of Orion Protocol ( ORN ).
On a 4-hr time frame, CTXC has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$ORN is in a downtrend since April 2021, for almost a year, it hasn't even moved with the bitcoin Rally to $69k... however, they are working on a good project, and now its showing strength, and bulls may take the ride after a year of down.. technically it can fly again if it breaks the formed wedge.
Stoploss 1 Day close below $2.699
$ORN #ORION #PROTOCOL Exceptional volumes seen in $ORN during the recent times. Fantastic reversal seen from support and the breakout of the trendline resistance. If #BTC stays good this will the fastest one to fly north. Interesting setup up overall for sure. #Watching
This one is completely under the radar, it seems. With Astroport (TERRA DEX) around the corner, the whole ecosystem of TERRA will react in a positive way imo. Exchanges always give ecosystems a new perspective and ORION is a coin that really has potential to grow!
Good Luck & Good Trades
$ORN broke out from short term descending resistance, break above upper line of triangle will head up price to $18 and $19.
break down from lower line of triangle will make invalid the bullish way.
The Orion project is one of the most successful projects in the Solana ecosystem. So its growth potential is high according to market conditions and Solana's growth.
Keep holding tightly. Good news coming:
MAs are adequately lined up!
MACD is on the brink of a cross in the 2H, thus boosting the chances of a positive cross in the 4H.
RSI is ready to climb higher.
ORN is a great project for long-term investors!
- 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...
After the release of their trading terminal, ORN has been in a huge selloff (typical sell the news scenario). However, the retracement has been going on for longer than expected and there is still huge sell volume, causing ORN to be kind of oversold right now. According to Binance's order book depth, there's a huge wall of buy orders at around $17.4, so we can...
$ORN is on a healthy bull trend, and will likely continue to repeat this pattern. Fundamentals are strong an nothing really indicating a downward price movement fundamentally.
Bounce on the Support Line + EMA is most probable. MACD also showing signs of a reversal to the upside on the 4hr chart.
The green path: Orion has been riding these pitchfork channels for a while now. I wouldn't be surprised to see it continue this steady climb towards that next major 2.618 Fib level at around $35 dollars.
The orange path: The next possibility I could see happening is $ORN forming another pennant shape, and having that play over the next few days. With pennants...