ORN - Weekly - "Transitioning to new cycle on 3/21/22"
Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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🛑Disclaimer: My mission is to provide traders with the most realistic perspective. Sugar-coated analysis is not welcomed here🛑
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................................✋Not Financial Advice; DYOR👍...............................
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➡️Technical Standpoint⬅️
1.) Current fair value is $4.01.
2.) Clearly in a downtrend and will most likely reach the $2.66 level.
3.) $2.20 was a previous market maker fair value level. If price breaks past $2.66, I expect a strong rebound at $2.20.
4.) A monthly inverted hammer is forming for the month of March. The bulls will have to close above $2.66 for this to be a valid candle.
5.) Entering a new cycle 3/21/22 for this ticker. This ticker does not have a clear history of what happens after 2 cycles of downtrends. Either a reversal or move up is expected.
➡️Fundamental Standpoint⬅️
1.) Fantom Integration
2.) Still quite early in its development. Team follows the ""better safe than sorry"" principle, which has resulted in a lack of serious marketing.
3.) Great project overall, one of the first of its kind. Unfortunately, this ticker will not be taking off like a rocketship, unless all market makers are on the same page.
➡️Current Season⬅️
- BTC, ETH, and Large Market Caps Season
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....🎉🎉🎉Before You Go🎉🎉🎉…..
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Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback.
""Keeping it short and sweet as always""
- assetsandcoffee📈☕
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..📚Indicator Legacy/Definition(s)📖..
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✨ Moving Averages(MA):
✨ TD Sequential (TDS): tradetrekker.wordpre...ss.com/tdsequential/
________________________________________________________
________________________________________________________
🛑Disclaimer: My mission is to provide traders with the most realistic perspective. Sugar-coated analysis is not welcomed here🛑
==================================================================================
................................✋Not Financial Advice; DYOR👍...............................
==================================================================================
➡️Technical Standpoint⬅️
1.) Current fair value is $4.01.
2.) Clearly in a downtrend and will most likely reach the $2.66 level.
3.) $2.20 was a previous market maker fair value level. If price breaks past $2.66, I expect a strong rebound at $2.20.
4.) A monthly inverted hammer is forming for the month of March. The bulls will have to close above $2.66 for this to be a valid candle.
5.) Entering a new cycle 3/21/22 for this ticker. This ticker does not have a clear history of what happens after 2 cycles of downtrends. Either a reversal or move up is expected.
➡️Fundamental Standpoint⬅️
1.) Fantom Integration
2.) Still quite early in its development. Team follows the ""better safe than sorry"" principle, which has resulted in a lack of serious marketing.
3.) Great project overall, one of the first of its kind. Unfortunately, this ticker will not be taking off like a rocketship, unless all market makers are on the same page.
➡️Current Season⬅️
- BTC, ETH, and Large Market Caps Season
=================================
....🎉🎉🎉Before You Go🎉🎉🎉…..
=================================
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback.
""Keeping it short and sweet as always""
- assetsandcoffee📈☕
=================================
..📚Indicator Legacy/Definition(s)📖..
=================================
✨ Moving Averages(MA):
Comment:
Looks like market makers are putting out their 2nd signal for a reversal. If we hold at a 4%-5% gain or more on todays(3/16) daily candle, this idea is valid.
Comment:
New Discovery: "Elliot Wave ABC" correction on the weekly chart suggests we are at a confirmed bottom range. Bottom ranges between $4.01 - $2.20