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ORDI

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ORDIUSD trade ideas

ORDIUSDT PREPARING FOR LONG ENTRY Hello everyone, and happy Monday! I wish you all the best for the week ahead! This is ORDI on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side. We can also see that the price has just dipped below the 0.0.618 Fibonacci level (all-time). This means two things: 1. The system signals that we should wait. 2. The price is below this key level, which is a crucial support zone. Conclusion: We wait for two confirmations: The system flipping long. The price reclaiming the 0.618 Fibonacci level as support. Patience is key, so we’ll check this chart again tomorrow. Stay safe!
CRYPTO:ORDIUSD
by vagada
ORDIUSD Forecast: Alts Season Prospects and Key Support LevelsORDIUSD is poised for substantial growth as a new project, reflecting the trend of rapid acceleration seen in new projects during bull runs. As a BRC-20 network payment coin, ORDI mirrors Bitcoin’s total supply, fostering scarcity and demand. The Ordinals protocol enhances the Bitcoin experience by allowing data addition to Satoshis, creating Bitcoin-powered collectibles and NFTs. With a maximum circulating supply of 21 million tokens already reached, ORDI holds significant potential. Currently, ORDIUSD has strong support at $34.89. This level presents a high probability of a significant gain. If this support level breaks, the next robust support is at $17.9, from where a bounce is expected, especially as we approach the alt season. Historically, alt seasons have brought increased volume and volatility, expected to peak in Q4 2024. It's crucial to be prepared for substantial market movements and to consider exiting positions by Q1 or Q4 2025 as the bull run is likely to end around that time. ORDIUSD's calculated bull run targets suggest a minimum price of $330. If this resistance flips by Q1 2025, we could see a maximum target of $465. The upcoming alt season is expected to bring the same level of unexpected pumps and volatility. It's important to manage trades actively and keep an eye on resistance zones. Long positions should be exited by Q1 or Q4 2025. For more in-depth analysis and trading ideas, follow us on TradingView to stay updated with our latest insights. Share your thoughts in the comments and let us know if there are specific coins you'd like us to analyze. We're here to provide valuable insights to help you make informed trading decisions.
CRYPTO:ORDIUSDLong
by Houseofcryptokings
ORDI price ready to bounce higher to the $100 milestoneBullish Reversal with Double Bottom: ORDI showcases a bullish reversal, underpinned by a double bottom pattern, suggesting a strong foundation for upward movement. Triangle Breakout in Daily Chart: The breakout from a triangle pattern in the daily chart indicates a potential for a high momentum rally. Potential to Cross $100 Mark: With the current momentum, ORDI has the potential to surpass the $100 threshold this month. Recovery from Support at $50: After a reversal from $83, ORDI finds strong support at $50, setting the stage for a bullish continuation. Breakout Event Fuels Entry Opportunities: The recent surge in momentum provides a prime entry spot for sideline traders. Reclaiming the 50-Day EMA: A 21% jump in the last four days helps ORDI reclaim the 50-day EMA, indicating a bullish market sentiment. Rising Intraday Volume Supports Bullish Reversal: The increase in trading volume supports the bullish trend, enhancing the likelihood of a breakout. Technical Indicators - RSI: The RSI's sharp reversal from the oversold boundary and crossing above the 50% mark signals growing bullish momentum. Current Trading Position: ORDI is currently trading at $63.22, showcasing a bullish engulfing candle and a 7.63% intraday growth. Breakout of $65 Signals Entry: A breakout above $65 could provide a clear entry signal for investors on the sidelines. Risk of Retest on Reversal: A potential reversal from $65 could lead to a retest of the recently broken trendline.
CRYPTO:ORDIUSDLong
by Coinpedia-Market-Insight
ORDI Price Targets $100 in Early 2024Current Performance: ORDI price demonstrates a bullish double-bottom breakout, currently challenging the $75 mark. Retest Phase Opportunity: A short-term pullback offers a potential entry point, as ORDI undergoes a retest phase. Bull Run Potential: Post-retest, there's a strong likelihood of a bullish rally towards the $100 threshold. Market Context: Despite Bitcoin's stagnant performance, ORDI stands out as a resilient performer, attracting new investor interest. Resistance Challenge: Key resistance at $80 could lead to a temporary pullback, but the overall bullish trend is intact. Technical Analysis: 4H Chart Outlook: ORDI's bullish trend is evident, with potential to extend towards $100. However, ascending resistance may limit immediate gains. Fibonacci Retracement: The 61.80% level is retested, hinting at trend continuation, with a focus on breaking above the resistance trendline. Current Trading Price: ORDI is trading at $76.41, facing resistance at the overhead trendline. Technical Indicators: EMA: Positive alignment in key EMAs, but a pullback might retest the 50 EMA at $67.10. RSI: Indicates a recovering trend, but bearish divergence calls for cautious optimism. Future Outlook: ORDI's trajectory is promising, supported by growing interest in BRC-20 tokens. A breakout beyond $100 is plausible, especially if Bitcoin surpasses $45K. Downside Risks: A potential downturn could see ORDI retesting lower support levels around $60.
CRYPTO:ORDIUSDLong
by Coinpedia-Market-Insight