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ORN

Orion Outlook March/April 2021Update to my previous chart on $ORN Orion Protocol is the first gateway to the entire crypto market: aggregating every CEX, DEX, and swap pool into one decentralized platform. While phase one will be fully functional in terms of the ability to trade, deposit, withdraw, etc, more features, brokers, and trading pairs will be added continually over the following month, including ORN staking in Q1. Additional features to be added to the terminal in 2021 include lending, margin trading, leveraged ETFs, derivatives, contract trading, NFTs, and staking of any digital asset type. $ORN is like $FTTor $BNB except it hasn't fully launched yet. When is does... a $29 ORN would not surprise me.
OLong
by Vincent68
ORN - Orion Protocol Feb/Mar 2021 outlookWhat do we have here? Now that's a lovely cup. Where there is a cup there's always... ****** My last submission on ORN had a $6.50 USD target which it achieved to a 'T'. Looking forward I have high hopes for this asset. As of 16 Feb ORN has a marketcap of $110,098,305. That's 10 million more than when it was hovering around $4. With 17,120,000 ORN circulating out of a total max supply of 100,000,000. ORN is close to launch. A 'one-stop' crypto exchange linking to all the main centralised exchanges ensuring you get max liquidity and exposure to all markets through one interface. You see where this is going? twitter.com HODL. ORN is about to break out of its fib into price discovery. See charting for next target. I enjoy your comments.
OLong
by Vincent68
$ORN: ContinuedOrion 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.
OLong
by its_maxbro
3
$ORN: Fundamental ROCKET ship with the calculator!Idk if you guys saw the Orion Protocol staking calculator.... but it's absolutely ridiculous. This project has all sorts of momentum, and while the APY rates of $ORN staking might be astronomical? I think that there's quite a bit of realism baked into those rates. Dex's have become very silo'd and there are many efforts to do cross platform resolution of liquidity problems. However, if anyone has used UNIswap lately you probably paid some ridiculous gas fees for any transaction. Orion Protocol is the most obvious solution to this, and if the Orion hub trading platform can capture that market? And provide the best prices for any token swaps across all the cex's and dex's in the space? What's to say that ORN can't double the daily volume of Binance? If you explore the capabilities of the project? You'll find some seriously awesome stuff like their liquidity boosting, their Dex dev kit, the list goes on and on. Technically: The daily chart shows us some great bullish action. As per usual I've used a pitchfork indicator to show how price action is following along nicely. We saw a rejection from the upper 1.0 prong, and now we're seeing some indecision / leaning bullish, candles. I wouldn't be surprised to see this continue to pump off the bullish news. However, in the lines that I've drawn? We're going back to retest those lower prongs. Either way, $ORN is distinguishing itself as a strong candidate for the staking competition between the big platforms. With the highest rates in the entire crypto space? People will be fomo'ing in to this pretty hard. Luckily, they're building something that will last, and the fomo might just be justified.
OLong
by its_maxbro
1
$ORN: Follow up on predicted correction!Well look what we have here. Orion Protocol is behaving in an incredibly clean manner. After my posed question of "time for a dip", we saw a pretty swift and violent wick down to the .382 fib and a beautiful confluence of the fib paired with the lower .5 pitchfork prong that acted as support. Now we're looking at a pretty ridiculous recovery with ATH's already being broken only 12 hours later. 4hr right: Has quite a few lines on it... but they're simply the pitchfork mixed with the fib retracement levels, and a Bollinger band hybrid. The arrows I've drawn on the screen indicate the things that I'm looking at as confirmation of the PA respecting those technical indicator levels. Now that we're basically back in price discovery? At least for the moment? I would expect the upper 1.5 pitchfork prong to be tested again, especially if the 4 hour closes above it. If it breaks? Then I'd expect to see the subsequent pitchfork / fib levels tested. If you were going to buy the dip? That was probably it, if you're still waiting to pull the trigger? I'd wait for confirmation above the current pitchfork prong that is providing support at the moment. Daily left: The daily shows us an incredible wick and subsequent bullish recovery. Honestly corrections like that, where the buyers step in so rapidly, shows strong trend, and bullish momentum. Just because some whale decides to dump a crap load of a crypto on a market sell, doesn't mean that people aren't ready and waiting to scoop that up. Fundamentally: $ORN is still very very undervalued. As we see projects like $BNB pump to ridiculous levels, we're also seeing #Dex's pump as well. It's only a matter of time before truly novel platforms like $ORN, that provide a market wide aggregate to all the exchanges and their liquidity, pump to the moon. Altcoin Psycho pointed out that a bunch of BTC options expire at the end of this month and that we should expect more volatility. If you're looking to scalp this or day trade I'd be very very careful. I'm only buying spot here and holding until we see parabolic blow off tops from the majors. Then I'll consider selling my Orion position
OLong
by its_maxbro
$ORN: Very bullish action, is it time for a correction?Fundamentally: $ORN is looking really really strong, here. It's a fantastic project that's aggregating both #Dex and #Cex to provide as much liquidity and lower fees as much as possible for any token swaps. The value that creates is massive and when we see $BNB climb from 40 to 260 dollars!?!? You HAVE to believe that dex projects especially aggregators like Orion Protocol will see their day in the sun, and in the long term, completely replace reliance on centralized exchanges. Technically: On the left daily chart, we see a VERY bullish trend with pretty much all green all the way up. However, there was a very large doji printed yesterday, which usually means quite a bit of indecision and would normally be a sign of loss of momentum and a shift in the trend. As we can see however, that indecision was smashed by the following daily candle with a current 10% increase underway. On the right hand 4hr chart! I've used my favorite little #Pitchfork tool to paint a pretty nice picture. You can see price action respecting that upper 1.0 dev as resistance, breaking through and pumping directly up to the 1.5, retracing back to the S/R flip, and continuing on upwards. Now we're seeing a failure to hold above that upper 1.5, and a wick down to test the previous s/r at the 1.0. I wouldn't be surprised if we has some more sideways action, perhaps a flash test of the 1.0 or even the 0.5 and then a continuation upwards towards new all time highs. $ORN is one of the few projects that I'm actually bullish on, and not just in for the short term hype pump gains. As always. I'm over 70% in $LINK and am making smaller moves into these more prospective bets. But I have a pretty good feeling about this one! #DYOR and good luck!
OLong
by its_maxbro
1
$ORN: Pitchfork capturing PA perfectly.Price action for ORN is looking interesting. We can see a perfect rejection off the 1.0 deviation and now that 4 hour candle is looking like a shooting star of sorts. There's still a tiny bit of time left for the close of both the daily and the 4 hour. We'll see how it plays out. Technically we're looking for a break below the .5 dev, or above the 1.0 dev. Right now, that 4 hour candle is fighting to close above the .5 dev that it's riding right now. Fundamentally? Orion Protocol is climbing its way upwards as bitcoin consolidates over 50k. I think alt coins are a pretty risky play right now, but I'm confident in the big players like $LINK, and I'm decently confident in the mid level coins like $ORN. Staking also greatly lessens the pain for any of these mid tier projects. Either way, if you're selling your alt coins, and chasing Bitcoin pumps, or selling your bitcoin and chasing alt coin pumps, unless you're very very good? You're probably losing money. Picking solid projects and diversifying to make sure most of your holdings are in the big players is what I'm doing. 70% Link, 15% BTC and like 4% ORN for me.
OLong
by its_maxbro
$ORN: Beautiful chart. Awesome fundamentals.Orion protocol is an awesome chart. It's behaving in a pretty clear manner, with a long cup shaped buildup, a break above ATH and an almost perfect retest and a continuation above previous all time highs, that's now respecting fib level's quite clearly. If the PA can get above the $7.31 levels, then I would not be surprised to see this continue to behave in the polite manner that it has been doing and continue on towards that golden 1.618 fib and the $10.50 range. Fundamentally? This project is freaking awesome. Orion Protocol is a Decentralized Exchange that aggregates liquidity from every centralized exchange, decentralized exchange and swap pool in the entire global crypto market. This solves the problems that Dex's currently face, which is how silo'd they are. Most all of the dex's are also built on the ETH network, which limits the currencies that can be exchanged and, if you've tried UNI or any others you know how prohibitively expensive they are. We're talking $100 in Eth fee's to buy any amount of a token on Uniswap... I'm bullish on this project for a long term play. I think the most profitable companies in this crypto revolution will be the ones selling the tools to the people chasing the "gold rush". ORN is a beast in waiting. PS: At this moment the crypto market's sentiment is extremely volatile, one morning we'll all be extremely bullish and everyone will be super excited, the next day there will have been some negative price action and everyone will be calling the top. This is happening over and over and sentiment is acting as if it's stuck consolidating in a range. I would treat your trading at the moment as you would with any price action that's stuck in a range. Trade the breakout in either direction, wait for the trend to be re-established, and be patient in between. Good luck fam.
OLong
by its_maxbro
5