OrnusOfficial

OrnusOfficial Jun 24, 2019

Simple analysis of the new ALGO coin that just started trading and got listed on Binance. The breakout above the down trend has a short term target of 2394 sats. Breaking below the trend line will invalidate this trade. Think we should see the green or blue path play out especially against BTC with the recent BTC rally coming to an end in the short term.

OrnusOfficial Jun 22, 2019

ONT has been forming a very strong ascending triangle over the past few months and price action seems to finally be moving towards a potential breakout. In the case of a strong breakout above the upper bound resistance at $1.61, the next move up will be towards the $2.24 target price. However, it is also possible that a fake drop below occurs towards the $1.29...

OrnusOfficial Jun 12, 2019

Very simple analysis on the 15m chart with the bullish wedge forming. P/L entry and exit in the chart. Short term play.

OrnusOfficial Jun 10, 2019

There are a lot of different things going on in this chart analysis so I'll be going through everything one step at a time. To begin with, the strength of the bull rally this week was unexpected and a bit ridiculous. However, I'm certain it's ending. To start the analysis, today the bearish shooting star doji candle has formed indicating a bearish reversal. ...

OrnusOfficial Jun 5, 2019

The market decided to do a very strong 180 reversal today. When the main trend is an upward bull market, the typical movement of the price action is a gradual increase on the upward movement while have fast downward movement (corrections) that are larger and occur much quicker. This has been the case of both drops the past two corrections in Jan-Mar 2018 and...

OrnusOfficial May 31, 2019

SPY has formed a massive H&S Pattern. Slanting the neckline and using a parallel line on the lower end to estimate a possible bottom for the incoming bear market movement, the target bottom is around $230. If the price breaks below here with strong sell volume, the next major support would be down at $210. Since the past downtrends have moved much faster than...

OrnusOfficial May 30, 2019

SPY broke the $280 major support level today and continued a drop down towards $277 before and end of day bounce up. If you take a look at the daily chart, price moved below the 200 day MA but failed to close below which would have been extremely bearish. However, the daily candle movement has dropped fully below the green ichimoku cloud confirming a very strong...

OrnusOfficial May 28, 2019

A simple analysis on the 1hr chart. As you can see, a bull flag is forming with a breakout above the flag setting a new price target for BTC around $9600. MACD is also getting ready to crossover and confirms an incoming bullish price movement.

OrnusOfficial May 28, 2019

Using futures chart to write the analysis since the analysis I'm posting is for the incoming price action on the incoming day or two and markets are currently closed. As seen in the chart, I had previously stated the possibility of the yellow arrow movement as a potential end of the month rally with a strong double bottom pattern formation at the major $2800...

OrnusOfficial May 25, 2019

Since the break up out of the channel, BTC has been forming a major ascending triangle pattern. I think we are likely to see a fake drop out of the triangle to the strong support around 7500 and then break up through the triangles towards 9300. The fake break below has been pretty common in crypto and the 7500 has been a very strong support area for BTC price. ...

OrnusOfficial May 23, 2019

As seen in the chart there are three different possible movements likely to form over the next few days. The price movement has formed a steep channel (orange) and the end of day price action showed the beginning of a move back up towards the top. Depending on how we open, I think we will be able to narrow down the predictions for incoming target. The $280...

OrnusOfficial May 16, 2019

The major ascending triangle we've been watching broke right through the target at $258-$260 and climbed to $270. After any massive run a pull back is healthy. I think we are likely to see a move back down towards the 0.236 Fib Level at $255. This area is also the major trend line of the rally up this past day or two. Breaking this would possibly signal a...

OrnusOfficial May 14, 2019

On the left chart you can see the channel that Eth has been moving between for the retrace on the top of the major ascending triangle pattern. We are moving back up towards the top of the channel but volume is a little bit weaker than preferred for a strong break. I think we will see a small pull back to the previous highs around $212 and the a strong move up...

OrnusOfficial May 13, 2019

Price action has been teasing the break of the $280 support. If we break through, I think a big drop will follow down towards the 0.236 Fib Level towards $269. The price is currently breaking into the green ichi cloud and I think a drop will replicate the same movement back in October. Following the drop to $269, a bounce up to the bottom of the ichi cloud and...

OrnusOfficial May 12, 2019

Eth has broken out above the small ascending triangle it has been forming for the past few hours. Target price is back to high, at $203 area. If we break through this with strong volume we can continue towards the larger price target at $260 from the major ascending triangle that has been forming for the past few months. MACD also getting ready for a bullish...

OrnusOfficial May 12, 2019

As you can see in the chart, we just broke out of the ascending triangle patter that has been forming for the past few hours, BTC should continue the trend toward 7500 over the next few hours thanks to this breakout. MACD shows a bullish crossover on the 15m chart as well.

OrnusOfficial May 9, 2019

Think we will see a push back towards the 0.382 Fib Level which is also at the bottom of the red Ichimoku cloud. From there a drop back towards the 0.5 Fib Level will be an important support to determine next movement based on whether the right shoulder of the inverse head and shoulder pattern forms. If the price breaks below the 0.5 Fib Level at 286.40 a...

OrnusOfficial May 2, 2019

As the purple lines outline, Ethereum has been forming a major ascending triangle. The price appears ready to break out of the triangle and move towards $255 over the next few weeks. Entry point in the chart if breakout above chart occurs followed by a retrace bounce off the top of the top trend line of the triangle. Break below the triangle top trend signals...