【ORDI】Clinton Daily Analysis June 30 $ORDI
24-hour trend [down]
[Buy and sell points]
Buy point 1: 37.5 USDT (close to the previous band low, may generate buying)
Buy point 2: 36.0 USDT (integer point support, close to the lowest price of 35.262 on June 25)
Buy stop loss point: 34.5 USDT (1.5 units below buy point 2 to prevent further decline risk)
Sell point One: 40.0 USDT (integer point pressure, close to the recent high of 39.561)
Sell point two: 42.0 USDT (integer point pressure, close to EMA30 moving average 42.539)
Short stop loss point: 43.5 USDT (1.5 units above the selling point two, to prevent the risk of breaking through the rise)
[Price trend analysis]
K-line pattern:
The recent K-line shows a volatile downward trend, and the price has gradually fallen from the high of 52.447 to 38.209. The long upper shadow and long lower shadow appeared many times, indicating that the market is fiercely competitive.
Technical indicators:
MACD: Both DIF and DEA are below the zero axis, and the MACD histogram continues to be negative, showing an obvious short trend. RSI: RSI14 is currently at 41.554, close to the oversold zone, but has not yet entered, and there may be a rebound demand in the short term. EMA: EMA7 (38.704) is below EMA30 (42.539), which in turn is below EMA120 (47.935), forming a typical bearish arrangement, confirming the current downward trend.
Volume:
Volume has decreased in recent days, from 123790472 on June 24 to 35458062 on June 30, indicating a decrease in market participation. Volume increases significantly during large fluctuations, such as June 18 and June 24, which correspond to large price changes.
