Alikze »» ORDI | Pullback to the broken area.?

7월 10일

🔍 Technical analysis: Pullback to the broken area.?

- It is moving in a downward channel in the daily and 4H time frames.

- In the previous post, price reversal zones were identified, which after hitting PRZ-3, the price reversed and corrected the price up to the set targets.

- At present, according to the downward behavior and structure, the price correction can be continued.

- Therefore, if this price reversal cannot lead to the failure of the region, this reversal can be a pullback to the broken structure.

- So, we expect that the price will face selling pressure in response to the supply, first the price will be corrected to $25 and then the price correction will continue until the green box.

💎 Alternative scenario: if the price can break the supply range and stabilize above it, it can navigate the second movement path and move up to the red box range and the ceiling of the descending channel.
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ORDIUSDT

7월 16일

노트

According to the path of upward movement (alternative scenario) after the pullback to the middle of the channel, it has encountered demand that is currently around the first target with more than 29% growth.

7월 20일

노트

The roof range has re -tested the descending channel according to the motion path.