I am only a novice orchid grower but in my opinion, your
Moth Orchid (Phalaenopsis) is growing in an inappropriate potting medium; an airy orchid bark mix works much better for the health of the plant. The visible roots on your orchid appear dead but the plant still looks to have some life because most of it is green. The yellow leaf won't recover and it can be removed.
There are a few places currently selling Phalaenopsis Orchids with the tag reading "Just Add Ice" and my sister recently bought one. She called me one day, telling me that she just bought this neat orchid that you just have to add a few ice cubes to the container every week and as the ice melts, it waters the plant. I told her that in my opinion, that method is just a gimmick to sell orchids.
Here are links to the American Orchid Society page with culture sheets for growing Phalaenopsis Orchids.
http://www.aos.org/orchids/cul...
http://www.aos.org/orchids/cul...