Orion Protocol (KuCoin: ORNUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ORN began a red wave one advance on July 17. The red wave one finished on July 26, and the red wave two correction ended on August 1. The red wave three advance finished on August 13, and the red wave four correction ended on August 22. If this wave count is correct, ORN should be heading next towards the August 13 peak in the red wave five.
(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Orion Protocol aims to solve some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. CRYPTO TYTAN reviewed the project last month.
(Sources: https://www.orionprotocol.io/orn)How Will Orion Protocol Trade?
Orion Protocol (KuCoin: ORNUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
ORN will takeout the August 10 peak
ORN will drop below the July 27 low
ORN will stay in a trading range between the July 27 low and the August 10 peak until October 3