ORDI today’s market analysis:
1. K-line pattern:
- In recent hours, the price has shown an obvious upward trend, with multiple positive lines appearing continuously.
- On the daily K line, two big positive lines formed on September 2 and 3, showing strong upward momentum.
2. Technical indicators:
- MACD: MACD continues to diverge upward within the 1-hour period, and DIF and DEA are both above the 0 axis, indicating that the current market is in a bullish market.
- RSI: RSI (14) has entered the overbought zone (82.485) in the 1-hour period, but there are still no signs of a correction, so we need to be alert to possible short-term adjustments.
- EMA: EMA7, EMA30 and EMA120 all present a bullish arrangement, and the price remains above these moving averages, further confirming the current upward trend.
3. Trading volume:
- The recent trading volume has been significantly enlarged, especially during the big positive line period on September 2 and 3, showing signs of funds actively entering the market.
- Volume also remains high during the 1-hour period, supporting continued price gains.
【Buy and sell point】
- Buying point one: 31,000 USDT (reason: near the low point of the previous band, and there is strong support at the integer mark)
- Buying point 2: 30,500 USDT (reason: further falling to a lower integer mark, and at the same time close to the EMA120 moving average, there is strong support)
- Long stop loss point: 30,200 USDT (reason: buy 300 USDT below point two to avoid the risk of excessive retracement)
- Selling point one: 33,000 USDT (reason: the integer mark above the current price may form a short-term pressure level)
- Selling point two: 34,000 USDT (reason: further rise to a higher integer mark, there is strong selling pressure)
- Short selling stop loss point: 34,500 USDT (reason: 500 USDT above selling point two to prevent continued rise after breakthrough)
