In this scenario I expect ORDI to compete start a new impulse motive wave. That's in case the correction of the bullish move had started from Jan2024 via an expanded flat wave.
If this scenario is accurate then we should see ORDI in 3 digits soon.
In this scenario I expect SEED_DONKEYDAN_MARKET_CAP:ORDI to compete waves B & C in a main zigzag wave that would bring the correction of the great bullish move SEED_DONKEYDAN_MARKET_CAP:ORDI had since Oct2023 to an end.
I expect after this correction ends a new all time high.
Technically and fundamentally #Ordi should be a good a pickup for this next cycle
Bitcoin ordinals will be hot for a while at some point :)
21 million supply is obviously a good narrative
Bringing speculation to the #BTC chain obviously good for attracting speculative capital flows
$5.75 target could be archived in the next couple months.
Bullish Reversal with Double Bottom: ORDI showcases a bullish reversal, underpinned by a double bottom pattern, suggesting a strong foundation for upward movement.
Triangle Breakout in Daily Chart: The breakout from a triangle pattern in the daily chart indicates a potential for a high momentum rally.
Potential to Cross $100 Mark: With the current momentum, ORDI...
Current Performance: ORDI price demonstrates a bullish double-bottom breakout, currently challenging the $75 mark.
Retest Phase Opportunity: A short-term pullback offers a potential entry point, as ORDI undergoes a retest phase.
Bull Run Potential: Post-retest, there's a strong likelihood of a bullish rally towards the $100 threshold.
Market Context: Despite...
Ordinals / ORDIUSD is trading on a parabolic curve supported by the 1day MA50.
Its first bullish leg gave a +90% rally. The second delivered an impressive +468%.
As long as the parabola holds, buy and target the psycological level of $100 (+468%).
Previous chart:
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Shorting ORDIUSDT From 17.8$ as its already bounced back from its high, now struggling to go up, 20$ is major resistance, my initial target 16$ then 14$ and will hold rest of 25%
