ORDI - Ordinals going parabolic!ORDI - has accumulated all December long, making new highs, it was not a clear bullish sign, till now.It is breaking for the second time, the second contraction triangle.
starting to get hotter...
i dont see Possibile potential targets (clear zones), as TRB if continues to create highs we need to keep it.If the momentum stays then we continue to buy it.
Good trading
ORDIUSDT trade ideas
ORDIUSDT - Make or breakORDIUSDT had been in a bullish trend when a bearish divergence on RSI was made, consequently, it went into a correction/ consolidation phase. A H&S pattern has been formed during this phase. Now its in a make or break condition. If it breaks below, bearish side will be confirmed and short positions may be opened, whereas on flip side it top of the pattern is broken, it will move for another high and Stop Buy may be placed
ORDI/USDT is in a bullish trend.Based on the chart, there are several bullish patterns that could suggest the price of BINANCE:ORDIUSDT is poised for further upside movement. Here are a few indicators:
Ascending Triangle: The price action is forming an ascending triangle, which is a continuation pattern that typically indicates a potential breakout to the upside.
Rising Volume: The volume of trading has been increasing over the past few hours, which often accompanies bullish breakouts.
Price Breaking Above Support: The price has recently broken above a key support level at 48.905 USDT. This level was previously acting as a constraint on the uptrend, and its breakout suggests that the upward movement may have gained momentum. If the price can sustain its gains above this level, it could further bolster the bullish sentiment.
In the event of an upside breakout, the target price ranges are on the chart.
Good Luck
Short OrdiOrdi is showing a strong bearish divergence, failing to break its recent highs. Each attempt to retest these highs is met with strong selling pressure. My SL is set just above these highs and my first TP target is at the 0.618 Fibonacci retracement level. My final TP is aiming for a longer-term trade where I anticipate Ordi to eventually retest its previous resistance level, which could then become a support level in the future. Meanwhile, my strategy is to short Ordi, taking advantage of the bearish momentum and letting the late buyers fill my shorts.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
ORDI is going from $70 towards around $550 in January 2024Why?
First off, we are in a bull market that shows no signs of distribution so continuation is more likely.
Secondly, we are in a clear Eliott Wave fifth pattern with waves 1, 2, 3, 4 already done and wave 5 should ensue of a higher mangnitude than wave 3.
Wave 4 was a clear Eliott Wave double three pattern with w, x and triangle in y. Triangle means correction is already done and impulsive wave will follow.
ORDI Bullish Uptrend ConfirmedHappy New Year!
ORDI continues to present bullish uptrend signals. It's possible that we will hit the $100 target very soon.
Once BTC ETF approval is officially confirmed and BTC halving sentiment starts to be priced in, we will be targeting the $500 milestone.
Let's continue building. BRC-20 is here to stay.
Mock Up Price Action for ORDI | Near-Mid Term (4HR)Mock Up Price Action for OKX:ORDIUSDT | Near-Mid Term (4HR)
- Watching and waiting for pump and dump price manipulation short entry
- Taking inspiration from BINANCE:GASUSDT and BINANCE:TRBUSDT
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
ORDI/USDTWelcome to the exchange rate analysis of the Ordi/USDT pair!
In terms of price action, the identification of the Fibonacci 0.618 level has become an important factor for me, as this zone could act as a strong support for the exchange rate. In the chart I examined, it is clearly visible that the price has stopped and then reversed several times during the uptrend around the Fibonacci level of 0.618, which may suggest that it could be an important level for investors to consider in the trend.
The use of SMAs (Simple Moving Averages) on the chart (SMA 10, 30, 50, 100, 200) provides me with additional information on the price action. The values of the SMAs show that the averages are pointing upwards, which confirms the upward trend of the exchange rate. The overlap between the 50 and 200 SMAs can also be important as a long-term indicator of the direction of the exchange rate.
Applying the Elliot wave structure to the price movement, the 5 wave structure can be clearly identified on the chart. However, this requires further investigation in order to more accurately identify the individual waves and their relationship to the current situation we are examining.
Overall, although a bearish divergence is observed in the RSI, which may indicate that momentum is weakening, the exchange rate is currently near resistance at the top of the channel. In light of this, I expect the price to retest the Fibonacci level of 0.618, however, the continuation of the rising moving averages and the 5 wave structure could also give the price the opportunity for a continued rise.
Please note that this is just a general analysis based on the data and indicators I have examined. I recommend further in-depth research and risk management before making any meaningful investment decisions.
Unlocking ORDI's Potential: A Surge Towards New Peaks?Bias: Bullish
Description: ORDI's price action has been consolidating within a horizontal range, forming a solid base above the SMA line. The RSI is trending positively, suggesting a buildup of buying pressure.
Direction: Upward
Entry: A strategic entry point could be considered if the price sustains above the upper range of the consolidation zone, indicating a potential breakout.
Stop Loss: A prudent stop loss can be positioned below the most recent support level within the consolidation range to protect against false breakouts.
Targets: Profit targets might be set at previous resistance levels or at round number psychological levels as the price ascends.
Caution: Investors should monitor for any sudden shifts in market sentiment or volume spikes that could signal a change in trend direction. Additionally, keeping an eye on the broader market trends can be crucial for contextualizing ORDI's price movements.
ORDI Over?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#ORDI update.
Took profit on my $8 entry near the 5 of 3 projections.
Entered more on 52.61.
TP on that here as well.
#Elliottwave and TDU giving some corrective vibes here, circled.
65.491 breaks, looking for min a ZZ.
75.349 kills ideal.
🥂