$ORN: Pitchfork capturing PA perfectly.
Updated
Price action for ORN is looking interesting. We can see a perfect rejection off the 1.0 deviation and now that 4 hour candle is looking like a shooting star of sorts. There's still a tiny bit of time left for the close of both the daily and the 4 hour. We'll see how it plays out. Technically we're looking for a break below the .5 dev, or above the 1.0 dev. Right now, that 4 hour candle is fighting to close above the .5 dev that it's riding right now.
Fundamentally? Orion Protocol is climbing its way upwards as bitcoin consolidates over 50k. I think alt coins are a pretty risky play right now, but I'm confident in the big players like
LINK, and I'm decently confident in the mid level coins like ORN. Staking also greatly lessens the pain for any of these mid tier projects. Either way, if you're selling your alt coins, and chasing Bitcoin pumps, or selling your bitcoin and chasing alt coin pumps, unless you're very very good? You're probably losing money. Picking solid projects and diversifying to make sure most of your holdings are in the big players is what I'm doing. 70% Link, 15% BTC and like 4% ORN for me.
Fundamentally? Orion Protocol is climbing its way upwards as bitcoin consolidates over 50k. I think alt coins are a pretty risky play right now, but I'm confident in the big players like
LINK, and I'm decently confident in the mid level coins like ORN. Staking also greatly lessens the pain for any of these mid tier projects. Either way, if you're selling your alt coins, and chasing Bitcoin pumps, or selling your bitcoin and chasing alt coin pumps, unless you're very very good? You're probably losing money. Picking solid projects and diversifying to make sure most of your holdings are in the big players is what I'm doing. 70% Link, 15% BTC and like 4% ORN for me. Note
Ok the 4 hour candle fought to close above the .5 deviation. That's pretty bullish. Let's see how the next candle respects that support.Note
Boom goes the dynamite.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.