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.
Kucoin didn't have enough price action so I have secured data from Bitmax and adjusted the fib retracement.
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The beauty of ORN and lack of a ORNBTC trading pair. We go up even when BTC is going down.
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Trend line marked in red. Will be taking profit at $11.7xx.
Trend line marked in red. Will be taking profit at $11.7xx.
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Break out. Waiting for retest.
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My bad. Wrong window.
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Short-term trend reversal after facing resistance at $4 as expected. Printed a bearish 1H candle.
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Forming an ascending triangle on the 1H chart. Setting up for a move across the resistance zone in the next few hours.
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Not enough volume. 0.382 holding for now but might not for much longer. If you secured profit, congratulations on the 20%+ trade.
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Looks like we are forming a pennant and shoot past the resistance zone. I would not recommend entering a short-term trade as we support could very well break down and we could revisit our long-term trend line. Instead a good time to accumulate for the mid-term to long-term.
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Still consolidating between $3.5 and $3.95. Bullish setup but I wouldn't advise entering a short-term trade here. Buy now and HODL till we moon.
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Our mid-term target is $11.2x. Till then, dump a small $$ worth and stake it.
