Orion Protocol Trading Channel
Orion Protocol has been in a trading channel since July 20' and a symmetrical triangle since April 21'. It is currently sitting on the lower trend line of the channel which is major support. It is also coiling up at the end of the triangle pattern. Breakout likely and with a 68% chance to break upwards.
The weekly stochastic RSI is oversold and is heading north.
1st price target: If the price reaches the center of the trading channel were looking at $25 (5x)
2nd price target: If the price reaches the top of the channel were looking at $112 (22x)
100 million max supply.
$220 million market cap
The fundamentals for this project are solid.
They burned 7 million tokens on December 31st and will burn more every quarter.
ETH and BSC bridges being launched in January 22'.
The weekly stochastic RSI is oversold and is heading north.
1st price target: If the price reaches the center of the trading channel were looking at $25 (5x)
2nd price target: If the price reaches the top of the channel were looking at $112 (22x)
100 million max supply.
$220 million market cap
The fundamentals for this project are solid.
They burned 7 million tokens on December 31st and will burn more every quarter.
ETH and BSC bridges being launched in January 22'.
Penafian
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