ORN trading ideaHello traders.
Take a look... We may be forming a bullish accumulation pattern on 4h chart called ascending triangle
The entry point is in the blue line, so we going to assume the bullish trend will continue
But the asset is recently listed on binance so we don't have much trade history on this asset to establish support and resistance levels
ORNUSDT
ORN/BTC (Testing Reverse Fib 1.618 Support)💎Technical Analysis Summary💎
BINANCE: ORNBTC
-ORN is now touching its reverse Fib extension support around 1172s sat
-We might see a temporary relief before the dominance trend continues
-This is a high-risk trade if you are looking for a small bounce up
-I don't recommend buying at market price because the BTC Dominance is high
-Please wait for proper reversal confirmation if you want to enter Long
-Always apply correct risk management in every trade
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ORNUSDT AnalysisThere are 1 sell signal (BEAR) present and the candles are on support level (1.70)
So at this moment, I'm neutral.
If you want to buy ORN, you can buy right now since the candles are on support level or you can wait for EngineeringRobo's buy signal.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
ORN/USDT (Back at Key Support Zone)💎Technical Analysis Summary💎
KUCOIN: ORNUSDT
-Orion Protocol rejected after hitting strong resistance area at 3.4-4.0 dollars
-The price pulls back to the previous Key support zone
-If ORN can hold this level again, there could be another chance to retest the upper resistance
-But if this support zone failed, 1 dollar downside target will be open
-In trading, you need to look at both scenarios (Bears and Bulls)
-And plan according to your short term or midterm trading bias
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Please Exercise Risk Management 💱
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ORNBTC | Now on BinanceONE TOKEN. ONE PROTOCOL. THIRTEEN REVENUE STREAMS.
Built on the most advanced liquidity aggregator ever developed, Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform.
This underpins each solution built on the protocol, including revolutionary trading solution Orion Terminal - aggregating the liquidity of the entire crypto market on one decentralized platform - as well as a suite of enterprise solutions for blockchains, exchanges, and crypto projects. Our roadmap also includes a price oracle and a high-margin DEX.
Orion has ensured deep utility of its native ORN token across the entire protocol, integrating it into all main transactions to take the form of an internal currency or utility token.
NOW ON BINANCE: ORN/USDT and ORN/BTC
Note: Good for short-term profit gainers, keep your eye on it !
Stay safe :)
Looking good once again.Small cap altcoin. Promising project. This is a long-term hold for me. Risk management is key. I have adjusted the trend line . We broke down briefly yesterday when BTC was falling but are back on it again. Facing some resistance at $3.2 after which we face psychological resistance at $4. Once we cross that, we can secure profit in the resistance zone marked by the blue rectangle . Once we break that resistance, we could secure further profit at the 0.618 fib or you can just accumulate now while we are below $4 and ride till $11. xx .
Kucoin didn't have enough price action so I have secured data from Bitmax and adjusted the fib retracement.
Liquidity may be a concern. Broke out of descending wedge, hope to see $5 soon. I am not a trader, just a newbie learning the ropes. Feedback appreciated.
Wait to enter after we break resistance and retest at $3.2.
$ORN - A breakout to $6ORN looking interesting as it breaks out from a descending triangle.
Measured move to $6.24
ORN-USDTprety much similar to me with SXP-USDT chart after BInance listing
I hope it finds the bottom here
ORN-BTC This bull pennant is about to break out
2H MACD and stoch turn bullish
Market cap 24mill could pop up easily as fo DeFi project. Fundamentally interesting.