Orion Protocol

Welcome all,

Ever wondered about the secrets behind successful crypto trading? Let's dives into the innovative world of Orion Protocol (ORN), a platform shaking up Decentralized Finance (DeFi) trading.

🚀 What Sets Orion Protocol Apart?

Orion Protocol isn't just another blockchain platform; it's a game-changer in the world of decentralized finance.

Imagine a one-stop shop for crypto trading, scouring all exchanges to find the best rates and fees. That's the magic of Orion Protocol! It's an open-source, decentralized solution acting as a liquidity aggregator, bridging centralized and decentralized exchanges (DEXs).

Orion Protocol ensures users get the best rates and lowest fees for their trades. It's like having a trusted navigator guiding you through turbulent waters, ensuring a smooth sailing experience for traders.

👥 Meet the Minds Behind Orion Protocol

Founded by visionaries like Alexey Koloskov and his dedicated team, Orion Protocol is on a mission to revolutionize the way we trade cryptocurrencies. With a focus on reducing risks and simplifying the trading process, Orion Protocol aims to create an all-in-one ecosystem for traders and crypto enthusiasts.

💪 The Power of Unified Liquidity

Orion Protocol acts as a central hub, unifying the fragmented crypto market.

Here's what it offers:

• Effortless Optimization: Orion searches across exchanges, finding the most optimal route for your trades. No more juggling platforms for the best deals!

• Simplified Experience: Trade seamlessly from a single interface. Forget managing multiple exchange accounts and APIs.

• Enhanced Security: Maintain control over your assets with Orion's non-custodial solutions, minimizing hacking risks.

🌴 A Rich Ecosystem for Traders

Orion Protocol goes beyond just aggregation. It offers a comprehensive suite of features:

• Portfolio Management App: Track all your trades and assets in one convenient location.

• Trading Terminals: Access advanced tools for professional trading strategies.

• Enterprise Trading: Integrate Orion's solutions for institutional use cases.

• Liquidity Boost: Exchanges can contribute to the overall liquidity pool, strengthening the ecosystem.

• App Store: Discover and utilize helpful trading apps and tools.

• DEX Launcher: Launch your own decentralized exchange with ease.

Whether you're a seasoned trader or a newcomer to the crypto world, Orion Protocol has something for everyone.

💹 Competitive Fee Structure

Orion Protocol offers a competitive fee structure, incentivizing traders to utilize their platform. Here's a breakdown:

• Trade Types:

  • Non-Stablecoin:

    • Via CEX(s):

      • Referred Users: 0.25% fee

      • All Other Users: 0.28% fee

    • Via DEX(s):

      • Stablecoin Trades: Free

      • Other: 0.03% fee

• User Types:

  • Referred Users: A perpetual 10% discount on trading fees.

  • All Other Users: No discount.

💎 What Makes Orion Stand Out?

• Reduced Risks: Orion mitigates risks associated with both centralized and decentralized exchanges.

• One-Stop Shop: Manage all your DeFi needs within a single ecosystem.

• Focus on Value: Orion prioritizes finding the best trading opportunities for users.

💡 The Value Proposition of ORN

The value of ORN, Orion Protocol's utility token, lies in its innovative approach to liquidity aggregation and its commitment to user experience. With deflationary mechanisms in place and a focus on long-term growth, ORN holds potential as a valuable asset in the ever-evolving world of crypto.

🔒 Securing Your Crypto Journey

Security is paramount in the crypto space, and Orion Protocol takes it seriously. Through automation, staking mechanisms, and regular audits, Orion Protocol ensures a safe and secure trading environment for its users. With CertiK's stamp of approval, you can trade with confidence knowing your assets are protected.

💹 Tokenomics: Scarcity and Sustainability

ORN has a capped supply, meaning there's a limit to the number of tokens ever created. This scarcity can potentially make ORN a valuable store of value in the long run. Additionally, mechanisms like burning tokens further contribute to its deflationary nature.

ORN Price action

First order of business is to zoom out and look out the price action on the weekly

As you can see from the above figure the majority of trading and accumulation has occurred between $0.46 and $1.70

Currently ORN is up 580% from its all time low of $0.4601

Does this mean you have missed the boat?

Absolutely not!

On the weekly we are painting an Inside bar pattern.

What does this mean?

It means the market is getting ready for a retracement following the 22 week trend.

We can solidify this hypothesis by looking at the moment of ORN.

Momentum Indicators

Relative Strength Index (RSI)

We can see that on the weekly RSI has entered over bought territory and is beginning to pain a double top structure (M structure)

On the daily timeframe we can clearly see that market is in Divergence.

That is, the market price is trending higher whilst the momentum, in this case RSI is trending lower.

This confirms that we are entering a period of retracement.

On Balance Volume (OBV)

On the weekly OBV, this story is reiterated by the clear decrease in purchasing volume as seen below.

However, we are seeing that investors are not yet ready to sell out of their ORN positions completely.

We know this by paying attention yellow line which shows that people are still accumulating and holding their ORN positions.

This suggests that the decreasing purchasing volume is most likely linked into traders and leveraged traders selling out of their position.

This is further confirmed by observing the daily OBV which does not show a double top (M structure) on the yellow line

Momentum Convergence Divergence (MACD)

The MACD on the daily timeframe reconfirms that we are in fact gearing up for a down trend.

This is depicted in the waning in purchasing momentum.

However, the MACD has not confirmed momentum divergence on the daily timeframe.

This implies that we may see a softer retracement in the coming days.

If we break below the divergence point, then divergence is confirmed and we can expect a deeper retracement.

Buying opportunity

So where can we look to enter ORN?

Considering we are getting bearish divergences on the daily we can expect a healthy retracement of 50%

So where does that take us?

This gives us a possible entry at approximately $1.8

This is an idea entry as it is the breakout of the accumulating channel between $0.46 and $1.7

If bearish macro news arise we can expect a deeper retracement down to approximately $1.5

Which is a 61.8% retracement.

We will be adding to our positions at the following levels.

⚡ Conclusion

As the crypto market continues to evolve, Orion Protocol remains at the forefront of innovation, paving the way for a more accessible and efficient trading experience.

With its commitment to security, simplicity, and value, Orion Protocol is poised to make waves in the world of decentralized finance.

So, are you ready to set sail with Orion Protocol?

Join us as we embark on a journey to unlock the full potential of crypto trading.

Happy Trading!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.