$ORN: A lot going on, but mostly bullish!
We're mostly looking at the right hand chart. It has multiple pitchforks drawn on it, as well as some fib retrace levels focused on short term price action from the past couple weeks!
You can see that PA broke out nicely from that symmetrical triangle / pennant pattern. It attempted to fight above the median of the pitchfork but failed, and we now see that it retested the upper trendline of that pennant. Now we're printing a green 4 hour candle above that .786 fib level AND the yellow .618 fib line on the pitchfork! I'd really like to see the PA climb back up and print a higher high above the 1.0 fib level, otherwise we'll most likely experience more consolidation and possibly retest the .618 fib pitchfork etc.
Fundamentally, we're approaching the real liftoff for
ORN here. I've been posting charts since like 5 dollars I think? But I think the entire market is on the brink of some seriously ridiculous pumps. The Orion Terminal public main net is supposed to be released end of Q1. When that happens, this thing is gonna go like a rocket ship.
As always, I'm using price action and fundamental analysis to pick my prospective bets. I've positioned myself in a few #Altcoin projects that I truly understand the need for. Unlike 2017, there are legit platforms that are making real moves and earning real revenue. If you don't fully understand how one of your alt bags works? Then you're gambling without any edge.
Be smart, and get lucky :)
You can see that PA broke out nicely from that symmetrical triangle / pennant pattern. It attempted to fight above the median of the pitchfork but failed, and we now see that it retested the upper trendline of that pennant. Now we're printing a green 4 hour candle above that .786 fib level AND the yellow .618 fib line on the pitchfork! I'd really like to see the PA climb back up and print a higher high above the 1.0 fib level, otherwise we'll most likely experience more consolidation and possibly retest the .618 fib pitchfork etc.
Fundamentally, we're approaching the real liftoff for
ORN here. I've been posting charts since like 5 dollars I think? But I think the entire market is on the brink of some seriously ridiculous pumps. The Orion Terminal public main net is supposed to be released end of Q1. When that happens, this thing is gonna go like a rocket ship. As always, I'm using price action and fundamental analysis to pick my prospective bets. I've positioned myself in a few #Altcoin projects that I truly understand the need for. Unlike 2017, there are legit platforms that are making real moves and earning real revenue. If you don't fully understand how one of your alt bags works? Then you're gambling without any edge.
Be smart, and get lucky :)
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