Long
$ORN: Continued
Orion is marching towards their platform "station" launch that supposedly is coming out Q1 which will be by end of this month.
Technically, we can still see it respecting the crap out of these pitchfork prongs. The pitchfork really works well on a logarithmic chart. PA would need to get above the median an that would take a price of around 15.50 in the short term. I wouldn't be surprised to see price try and fight above the median and get rejected only to retest the lower .5 and then to continue on upwards towards the yellow circle. The confluence of the fib retrace level's mixed with the pitchfork action makes me think that's a great short term price target!
However, with staking coming? I doubt that anyone will be selling their
ORN and most everyone will be hording it as much as possible to gain as much staking rewards as possible.
Technically, we can still see it respecting the crap out of these pitchfork prongs. The pitchfork really works well on a logarithmic chart. PA would need to get above the median an that would take a price of around 15.50 in the short term. I wouldn't be surprised to see price try and fight above the median and get rejected only to retest the lower .5 and then to continue on upwards towards the yellow circle. The confluence of the fib retrace level's mixed with the pitchfork action makes me think that's a great short term price target!
However, with staking coming? I doubt that anyone will be selling their
ORN and most everyone will be hording it as much as possible to gain as much staking rewards as possible.Note
Man I hope yall are enjoying this bull market. It's really fun to be able to use technical indicators to project bullish targets and for them to basically hit dead on. I think that ORN pushes past 20 here, it might retest the median pitchfork prong at like 17-18 dollars and then continue its inevitable rise to greatness. What a project. Congrats to everyone holding this. When staking hits? it's going to be insane.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.