ORNUSDT (ORION PROTOCOL) - POTENTIAL BUY ENTRY
ANALYSIS 🔎
- ORNUSDT is bounded in the descending channel (DC).
- Price is testing the descending channel support.
- The impulsive downtrend move is bounded in the falling wedge (FW) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Descending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the descending channel support.
- ORNUSDT is bounded in the descending channel (DC).
- Price is testing the descending channel support.
- The impulsive downtrend move is bounded in the falling wedge (FW) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Descending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the descending channel support.
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