#ordi Price Analysis:
1. Daily Line Pattern
Yesterday's K-line was a long upper shadow and short lower shadow negative line, and the trading volume was basically the same as the previous day, indicating that there is a certain degree of uncertainty and selling pressure in the market.
2. MA30 Line
MA30 Line began to flatten, indicating that the trend will be consolidated in the short term. At the same time, the upward momentum of MACD weakened, indicating that the upward momentum has slowed down.
3. Price Trend
ORID price first rose to around 45 and then fell back, and the daily line showed three consecutive negative lines. The current decline has not yet completely ended, and there is a possibility of continuing to decline.
4. High-level trading volume
The high-level trading volume is large, and both buyers and sellers are more active, indicating that the market sentiment is more volatile.
5. Support and Pressure
- Support level: near MA30 line (35.5)
- Pressure level: 48
6. Expectation
There may be a shock consolidation in the short term. If the price rises again after the consolidation, it is expected to break through the current pressure level and continue to rise.