ORBS Network to the moon

On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Trend reversal. Higher highs higher lows replace lower highs lower lows.

3) Confirmation of support on past resistance. Horizontal blue channel.

4) The flag pattern flagpole measures a 2000% move to the 55 cent area.

5) Weekly GRM support confirmation. Some of you know what this means, some of your don’t.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww


Type: Trade
Risk: <=6%
Timeframe for long: Today
Return: 15-20x

Trade active:

Weekly GRM support confirmed.

Trade active:

Now that the fickle fingers are flushed out, you, the 10% hold until the target area.
Until then.

Comment:

With the sell off exhaustion reaching an apex we can scroll through the charts to see what it happening. By far the most interesting statistic over those last 72hrs is the volume exchanged between market makers and takers.

In some instances like here on AGIX (not me!) there is strong selling pressure following the break of market structure. Every test of resistance was met with sell side pressure.

Whereas on others like ORBS, long entries have taken full advantage of the volatility to fill orders. Every test of support was met with volume.

Whether it is sell side or buy side pressure with a purpose who knows, but one thing we should all adhere, follow the money..

Ww