ORDIUSDT trade ideas
Ordinals (ORDI) BTC up, ORDI upOrdinals (ORDI) is a cryptocurrency that works on a technology called Ordinals Protocol and brings NFT (Non-Fungible Token) capability to the Bitcoin blockchain. This protocol allows various information such as text, images, audio and video to be added to Satoshi, the smallest unit of Bitcoin.
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 upward 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 upward breakout, the target price ranges from $105 to $110.
Good Luck
✴️ Ordinals | Grows 2,337% In 86 DaysI love Ordinals.
I love everything Bitcoin.
Here we have a very interesting chart for an amazing project.
You can ignore the wave count on the left as this is a complex correction, the count there is for appearance only. When it comes to the predictive power of the Elliot Wave Theory system, we have enough when we can spot a perfect 5-wave count.
This 5-wave count can be seen perfectly depicted here as a 5-up wave.
👉 Ordinals (ORDIUSDT) grew 2,337% within 86 days.
The peak 6-December is likely the top based on the simple fact that we already experienced massive growth.
We have the 5-wave count, highest volume on wave 3, check; decreasing volume and finally a bearish cross on the MACD:
➖ Bearish cross as the MACD comes down from an All-Time High.
The RSI peaked 7-Nov which means we have a months long bearish divergence as well...
This is all pretty standard.
If the correction turns into an irregular one there can be a slight higher high before lower prices. Regardless of the near short-term, a correction is expected to develop within 1-3 weeks maximum but in truth it is already happening.
Thank you for reading.
Namaste.
Where to buy ORDI safely?This idea is not a call for shorting at all. The market is still quite strong, at least at the time of writing this idea.
This idea should be viewed as a warning that the price of ORDIUSDT has risen strongly in recent months.
Consolidation has been going on during December, and the delta of trading shows that sales are prevailing in this consolidation.
The bounce up from support is weaker each time.
If ORDI fails below $48, it will open the way for the price to fall to one of the three targets:
1) $35-36
2) $26-27
3) $20-21
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ORDI looks bearishLooking at the ORDI waves, we seem to be in a contractionary reverse triangle.
Now we seem to be in wave e of C of this triangle.
We expect to move from the red box to complete waves D and E and then fall to the FVG range.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
THIS IS RENGE in short-term (ORDI)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Currently, we are in a range and we can trade bilaterally, but since this currency is considered risky, we should enter with caution.
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
ORDI completed setup for upto 24.50 pumpHey dear friends, hope you are well, and welcome to the new trade setup of ORDI with US Dollar pair.
Recently we caught almost 270% pump of ORDI as below:
Now on a 2-hr time frame, ORDI formed a bullish BAT setup for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
💻 Ordi (ORDI) Analysis: Range Holding, Accumulation Spot.An analysis of Ordi (ORDI) suggests range holding, a potential accumulation spot, and identifies key levels, offering insights for market participants.
Key Insights:
Range Holding: Ordi is observed to be starting to hold a range low at $42.5 to $46.
Accumulation Spot: The analysis highlights that holding this range low could present a favorable spot for accumulation.
Key Levels: A hard stop is suggested at $36.88, with this level considered significant in risk management.