Panjang
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.
Kucoin didn't have enough price action so I have secured data from Bitmax and adjusted the fib retracement.
Nota
The beauty of ORN and lack of a ORNBTC trading pair. We go up even when BTC is going down.Nota
Trend line marked in red. Will be taking profit at 11.7xx.
Nota
Break out. Waiting for retest. Nota
My bad. Wrong window.Nota
Short-term trend reversal after facing resistance at $4 as expected. Printed a bearish 1H candle.Nota
Forming an ascending triangle on the 1H chart. Setting up for a move across the resistance zone in the next few hours.Nota
Not enough volume. 0.382 holding for now but might not for much longer. If you secured profit, congratulations on the 20%+ trade.Nota
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.Nota
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.Nota
Our mid-term target is 11.2x. Till then, dump a small $$ worth and stake it.
Penafian
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