【ORDI】Clinton Daily Analysis June 29
24-hour trend [up]
【Buy and sell points】
Buy point 1: 37.5 USDT (previous band low, strong support)
Buy point 2: 36.0 USDT (close to the lowest price of 35.262 on June 24, with stronger support)
Long stop loss point: 34.5 USDT (1.5 integer units below buy point 2, to prevent further decline risk)
Sell point 1: 42.0 USDT (near EMA30, with certain pressure)
Sell point 2: 44.0 USDT (close to the previous band high of 44.075, with large selling pressure)
Short stop loss point: 45.5 USDT (1.5 integer units above sell point 2, to prevent breakthrough and rise)
【Price trend analysis】
K-line pattern:
The recent K-line shows obvious volatility, and the price fluctuates repeatedly between 40 and 45. There was a sharp drop on June 24, and it gradually recovered in the following days, but it is still at a low level overall.
Technical indicators:
MACD: Both DIF and DEA are currently negative, and the MACD histogram is also in the negative range, indicating that the market is still in a bearish trend. However, the gap between DIF and DEA has narrowed in recent days, and a golden cross may be formed.
RSI: RSI14 is currently 44.995, close to 50, indicating that the market is relatively neutral. It has entered the oversold zone (below 30) before, but it failed to continue, and there are signs of recovery at present.
EMA: EMA7 (39.044) has crossed EMA30 (42.882), but is still below EMA120 (48.110), which has some support in the short term, but pressure still exists in the long run.
Volume:
The volume on June 24 was significantly enlarged, reaching 123790472, accompanied by a sharp drop in prices, showing strong selling pressure. The volume decreased in the following days, but remained at a high level, indicating a high degree of market participation. $ORDI
