ORDI / TetherUSLong
Alikze »» ORDI | Ascending channel - 1D
🔍 Technical analysis: Ascending channel - 1D
- In the analysis presented in the previous post, after reaching the ceiling of the channel, selling pressure was encountered, which led to correction up to the green box area.
- There was a demand in the green box area, which has led to the failure of the supply area and neck line.
- Currently, it has exited the daily medium-term descending channel and is currently moving in a short-term ascending channel.
- It is currently in the supply zone, which can continue its growth with a pullback to the broken structure until the next supply zone.
- Short-term goals are 50, 53, 56, 60 dollars. In case of failure of the 53 dollar area, which is the ceiling area of the ascending channel, it can continue its growth until the supply area equal to the width of the channel.
💎Alternative scenario: In addition, if it faces selling pressure in the supply range and loses the range of 37.5, it can continue the correction up to the green box range of the bottom of the channel.
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ORDIUSDT
- In the analysis presented in the previous post, after reaching the ceiling of the channel, selling pressure was encountered, which led to correction up to the green box area.
- There was a demand in the green box area, which has led to the failure of the supply area and neck line.
- Currently, it has exited the daily medium-term descending channel and is currently moving in a short-term ascending channel.
- It is currently in the supply zone, which can continue its growth with a pullback to the broken structure until the next supply zone.
- Short-term goals are 50, 53, 56, 60 dollars. In case of failure of the 53 dollar area, which is the ceiling area of the ascending channel, it can continue its growth until the supply area equal to the width of the channel.
💎Alternative scenario: In addition, if it faces selling pressure in the supply range and loses the range of 37.5, it can continue the correction up to the green box range of the bottom of the channel.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
ORDIUSDT Note
SELL POSITION.
Note
#ORDI
More than 15 percent correction..
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