ORDI: effect big candle📊 Token analysis Ordinal done in the style of price cushion, by Ahmadarz analysis team
🚦In the main structure, in the daily time frame, we are in a trading range between the prices of $31 and $95. When I reached this support floor and formed a short-term trading range between the prices of $31.5 and $51, and its failure from the price of $43, a good pump was done. The price went up to $65.
In the continuation of the price trend, since we have reached the middle of this trading range, there is a possibility of returning to the breaking point, i.e. the same price of $42, and if the downtrend line drawn upwards is broken with a codenel with a large body, we can see the price ceiling of $90.
But now I see the downward trend
Upcoming support: 🔺
The most important support is at the price floor of $33
The next support at the break of the last trend is $42
Upcoming resistances: 🔻
The closest resistance: $2.231 as the first target
The most important resistance is: $2.40
💲How to get the trade :
We can enter in the bearish candle created below the trend line.
⬅️Entry: $62.34
🔴Stop: $68.67
🟢Targets: $43 - $55.15 - $57.25
Capital management should be followed because Ahmadarz analytical team is not responsible for your profit and loss. ⚠️
