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ORN

🌧️ ORN Possible ReversalAfter 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 expect the reversal to occur around there. Meanwhile, selling pressure is decreasing, and faces a significant wall at around $19.5 - $20.0. Following the Fibonacci retracement, we can expect the price of ORN to continue its retracement to around the $16.5 - $18 zone, which we can target to buy in. Should you choose to do so, make sure to watch the Average True Range to set your stop losses below any wicks of the next Fibonacci line. As it stands, ORN stands to gain around 50% with a risk:reward ratio of around 1:6 due to huge overselling as confirmed by the Relative Strength Indicator approaching the lows for both 4h and 1D time charts. While ORN currently faces terminal issues with their servers, in the long term we see good things on their roadmap like more trading pairs and liquidity, as well as the release of staking which will allow passive income on the ORN platform, giving a bullish outlook for April. Buy: $16 - $18 Stop loss: $15.5 (Watch ATR) Take profit: $24.7 - $29.7 Note: This is not financial advice, and is simply an opinion. Always remember to do your own research.
OLong
by RainyTrader
🆓Orion Protocol/USDT Analysis (3/4) #ORN $ORNORN is falling sharply and the 18$ zone is a good support that can push ORN back to 22$ zone. If it could conquer the 22$ zone, it will back to the uptrend to move up to 25$ and 33$ zone I think it has not been ready to move up yet but will keep moving down to 14$ zone 📅EVENTS 👉Apr 2 : ORN/ADA Partnership 👉Jun 30 : Liquidity Pool Launch 👉Jun 30 : Margin & Lending Testnet 👉Jun 30 : DEX Kit Official Launch 👉Jun 30 : VC Fund Launch 👉Sep 30 : Margin & Lending Mainnet 📈BUY -Buy: 17.6-18.4$. SL B -Buy: 13.7-14.3$. SL B 📉SELL -Sell: 21.5-22.5$. SL A ♻️BACK-UP -Buy: 21.5-22.5$ if A. SL B -Sell: 25-26$. SL A -Sell: 32.5-33.5$. SL A -Sell: 17.6-18.4$. SL A ❓Details Condition A : "If 12H candle closes ABOVE this zone" Condition B : "If 12H candle closes BELOW this zone"
OLong
by CryptoStation
ORNUSDT (ORION PROTOCOL) - POTENTIAL BUY ENTRY 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.
OLong
by Chibuike_Odoh
4
$ORN - the psychological barrier of the $20 may break soon.As we can see, the candles are bouncing on a diagonal support, which has been consolidating for several days now (end of February), I was afraid that the support would be broken but in the end it was only a double bottom , quite bullish , it confirms me in the idea that the support is solid, however, the psychological barrier of $20 is well present with an ATH at $19.98, are we going to pass this bar? probably. I am confident.
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by frenchvlad