Orion Protocol (ORN) - bullish divergence

On the above 2-day chart price action has corrected 90% since the sell signal back in March 2021. A number of reasons now exist to be bullish , including:

1) The ‘incredible buy’ signal has printed.

2) Price action has crossed up past resistance, look left.

3) Price action, as before, crosses up the 2-day / 21-day SMA.

4) Increasing volume with falling price action. Very bullish . I don’t know why money is moving in here, someone knows something I don’t.

5) RSI resistance breakout.

Is it possible price action corrects lower? For sure.

Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 4 months
Return: no idea

액티브 트레이드:

This might be a good moment. One consistent observation made on the BTC pairs that have moved with purpose over the past days and weeks is that the BTC pair prints a higher low on the golden ratio thereby printing this inverse head and shoulders pattern. This typically follows a rejection from the yellow dotted line (not a moving average), but it is important!

Look up your token, do you see this playing out?

액티브 트레이드:

A significant move should be expected in the weeks ahead following something that just printed on the daily and above charts, do you know what? Have spoken about it aplenty on the CLV idea!