Welcome 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...
My idea is that at the end of wave 4 we could be at the beginning of wave 5 in the trend . The elioti trend could break and become invalid with a break of the $48.5 resistance . target price min the fibo 1.68 level could be around $68-69 . This is my own opinion , not business advice . Always do your own research in your investments .
On the daily view of the CFX chart, the price has broken out of the previous downward correction, which could currently be considered as a potential bull flag formation. This notion might be reinforced by the ongoing trend reversal observed on the chart. Despite this upward movement possibly appearing as a correction from the previous decline, it might be...