ORDI / TetherUSLong
Alikze »» ORDI | Ascending channel - 1D
Updated
🔍 Technical analysis: Ascending channel - 1D
ORDIUSDT In the daily time frame, it is moving in an ascending channel, which has faced selling pressure in the supply area after hitting the ceiling of the channel.
- In the analysis presented in the previous post, the alternative path was realized, which was corrected up to the $29 range and met with demand again by creating a Double Bottom.
💎Currently, due to the momentum and bullish guard, it can meet the demand again with a zigzag correction in the green box range and break the first supply area towards the specified targets.
💎Therefore, the reversal can be a broken pullback to the swing.
⚠️ In addition, if the correction is sharp and sharp, there will be a possibility of breaking the zone, so if the Invalidation LVL zone is touched, the bullish scenario will be invalidated and should be checked and updated again.⚠️
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Alikze.
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ORDIUSDT In the daily time frame, it is moving in an ascending channel, which has faced selling pressure in the supply area after hitting the ceiling of the channel.- In the analysis presented in the previous post, the alternative path was realized, which was corrected up to the $29 range and met with demand again by creating a Double Bottom.
💎Currently, due to the momentum and bullish guard, it can meet the demand again with a zigzag correction in the green box range and break the first supply area towards the specified targets.
💎Therefore, the reversal can be a broken pullback to the swing.
⚠️ In addition, if the correction is sharp and sharp, there will be a possibility of breaking the zone, so if the Invalidation LVL zone is touched, the bullish scenario will be invalidated and should be checked and updated again.⚠️
»»»«««»»»«««»»»«««
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.
»»»«««»»»«««»»»«««
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Note
Any correction to the green box area could be met with demand. 
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