*The ORDI/USDT analysis update is here.*🔰
Currently, the technical rating for ORDI/USDT is neutral, with oscillators showing a neutral signal and moving averages indicating a strong sell signal.
However, some analysts believe that ORDI/USDT is gearing up for a big move, testing a key descending channel and flashing a Change of Character (CHoCH) towards a bullish market structure.
Key Price Levels:
- Starting Point of Downward Trend: $40.65
- Support Level: $32.42
- Entry Point for Buyers: $34.54
Trade Ideas:
- Consider entering a long position at the current price, targeting 100% profit if the price continues its positive trend and breaks above nearby resistance levels.
- Another strategy suggests taking entry at $38.44, with a stop loss at $33.71 and take-profit levels at $36.99 and $1.578.
Market Sentiment:
The current trend is bullish, with no divergences, and some analysts are looking for long trades due to the resistance turning into bullish as S/R flip method.
Keep in mind that technical analysis is not a guarantee of future performance, and it's essential to do your own research and consult with a professional before making investment decisions. Would you like more information on ORDI/USDT or other cryptocurrencies?
