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Orion

🌧️ 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
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: March towards the 31st... get it?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 we're looking for a break above and a retest? Or a break below and a bounce that continues above the previous resistance. I've actually found that pennants tend to break downwards as stops are hunted and most overleveraged traders enter too risky of positions at the moment of the breakout. Always remain patient when trading that pattern. Trend is your friend. The red path: This is the more bearish of the paths, but if you zoom out to anything like the daily, we're still WELL within our macro bullish structure. I wouldn't be surprised to see $ORN price action take a more violent dip here to punish the fomo pump chasers who entered long positions AFTER the pump from the $20 dollar range. If it came back down to retest that S/R flip, that would be a great time to load up on some more $ORN tokens before the terminal is launched and for the big one... when staking is launched in q2.
OLong
by its_maxbro
ORION misses investor expectations: Q4 EBITDA -31.3%FUNDAMENTAL: The company improves EBITDA YoY +9.0% but misses Q4's by -31.3%. Net Sales (YoY) +2.6% but missed Q4 -7.0% Outlook for 2021: Net sales in 2021 slightly lower than in 2020. Operating profit estimated to be lower or clearly lower than in 2020. TECHNICAL: Fibonacci Retracement level suggests Orion's about to break 0.618 level downwards up until 29.60 support level. Besides the RSI 14 touching upper boundaries, the harmonic figure of a Bearish bat pattern might also confirm the change to downward trend which may last until April 19th. Further digging from 29.60 support is unexpected. the Company's P/E ratio is aligned with that of the industrial sector: 22.84 (vs industry's 21.18)
OMXHEX:ORNAVShort
by alexinve
1
LAST CALL FOR ORION!! DAILY CHART LOOKS AMAZING... $ORNWATCH FOR RSI TOUCH 80 ON THE WEEKLY FOR THE TOP. I THINK A FEW MORE DEPTHS UP TO $ 2.70, THE WALL STREET BET IS HERE NOW ON CRYPTO AND THEY TOOK DOGE AND SEND TO THE MOON , IT'S ABOUT TIME IS ONLY TIME FOR THEY TO FIND ORION. ORION IS THE PIECE THAT WILL TAKE CRYPTO TO ANOTHER LEVEL, REMEMBER THAT ORION IS THE AMAZON IN CRYPTO, BUT NO CUSTODY IS AMAZING. Orion offers US residents access to Binance liquidity AND ALL EXCHANGES without KYC and without even having the need to create a Binance account. BUY ORION HERE
OLong
by CryptoProfe
2
WARNING Triple Top on $ORNIf we close above $ 3.50 and hold, it may continue to rise $ORN What Is a Triple Top? The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way. Triple tops may occur on all time frames, but in order for the pattern to be considered a triple top, it must occur after an uptrend. The opposite of a triple is a triple bottom, which indicates the asset's price is no longer falling and could head higher. How a Triple Top Works The triple top pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows. After the third peak, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside. The three consecutive peaks make the triple top visually similar to the head and shoulders pattern; however, in this case, the middle peak is nearly equal to the other peaks rather than being higher. The pattern is also similar to the double top pattern, when the price touches the resistance area twice, creating a pair of high points before falling.
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by CryptoProfe
5