Technical analysis by AlanSantana about Symbol ORN: Buy recommendation (9/28/2024)

This week, Orion Protocol on its Tether pairing, ORNUSDT, is moving above five of the exponential moving averages we use to track the Altcoins market. These are EMA8, EMA13, EMA21, EMA34 and EMA55. The week closes tomorrow and closing above these, above 1.26 - 1.33, would confirm a major bullish signal.At the same time this is happening, we have a strong RSI on the weekly timeframe, a reading above 50, as well as a very strong higher low, clearly shown on the chart by the rising prices.These signals are telling us mainly one thing; Orion Protocol is ready to resume the bullish move that started in late 2023. The first target would be an easy 238%. There is more of course, and this is shown on the chart. The new All-Time High can produce 3,300% to 5,300%, but this is long-term.Thank you for reading.Your support is appreciated.Namaste.