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SasanSeifi ๐โโORN/ A Long-Term Bullish Outlook
Hey there,โ
ORN has been on an upward trend since the $0.50 range in the long term. After breaking the long-term downtrend line, the price fluctuated from $0.70 to $1 for a while. Then, with the crossing of this range, the uptrend resumed and the price is currently trading in the range of $2.50. and is moving above the desired EMA. Considering the demand zone at $1.50, we expect further price growth in the supply zones of $3.50 and $4 in the long term. To better understand the continuation of the trend, we need to see how the price reacts to these levels. Of course, maintaining the demand zone at $1.50 is very important for the continuation of the uptrend. The possible upward trend of ORN is shown in the above image. On the other hand, if the price breaks below the $1.50 range, the probability of a deeper correction increases.
Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.โ
I hope this analysis was helpful! If you have any questions, feel free to ask.โ
Cheers to a profitable future!๐
ORN has been on an upward trend since the $0.50 range in the long term. After breaking the long-term downtrend line, the price fluctuated from $0.70 to $1 for a while. Then, with the crossing of this range, the uptrend resumed and the price is currently trading in the range of $2.50. and is moving above the desired EMA. Considering the demand zone at $1.50, we expect further price growth in the supply zones of $3.50 and $4 in the long term. To better understand the continuation of the trend, we need to see how the price reacts to these levels. Of course, maintaining the demand zone at $1.50 is very important for the continuation of the uptrend. The possible upward trend of ORN is shown in the above image. On the other hand, if the price breaks below the $1.50 range, the probability of a deeper correction increases.
Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.โ
I hope this analysis was helpful! If you have any questions, feel free to ask.โ
Cheers to a profitable future!๐
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ธํธ
๐ฅ29% growth so far It had a good move in one day ๐๐พ๐ป๋
ธํธ
. The price has entered a trading range after a modest 29% rally. Holding the $1.50 demand zone remains crucial for the bullish scenario. The previous analysis remains valid.๐Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.โ
I hope this analysis was helpful! If you have any questions, feel free to ask.โ
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