[Yingbei Trend Quantitative ORDI Trend Analysis on May 31st]
1. K-line pattern:
- The recent K-line has shown an obvious upward trend, especially the big positive lines on May 30 and 31.
- In the early stage, there was a period of shock consolidation from May 23 to May 29, and then it broke through and moved upward.
2. Technical indicators:
- MACD: The MACD histogram turns from negative to positive, and the DIF line crosses the DEA line to form a golden cross, indicating that the strength of the bulls has increased.
- RSI: The RSI value is 65.22, which is close to the overbought zone, but has not yet entered an extreme overbought state, indicating that the market still has upward momentum.
- EMA: The price has exceeded EMA7 (44.500) and EMA30 (42.335), and is much higher than EMA120 (49.830). The short-term and medium-term moving averages are arranged in a long position, with strong support.
3. Trading volume:
- On May 30, the trading volume increased significantly to 1870385, accompanied by a sharp increase in price, indicating a large influx of funds.
- On May 31, the trading volume fell back to 647083, but still maintained a high level, indicating high market activity.
[Trend Determination] ORDI is bullish in the short term. Pay attention to the intraday support of 48 and the intraday pressure of 52. If it breaks upward, the next target will be 53-55. If it breaks down, it will fall back to 45 and 43.
[Analysis of pressure support level]
- The first support level: near 45 (reason: close to the upper edge of the previous shock range, and close to the EMA7 support level)
-Second entry level: around 43.2-around 41.5, long stop loss point: 40.5 USDT, the upward trend is over, breaking 40 will return to the range of 37-33.
- Upper target: 52-55.5. Note that 56 is the trend channel pressure level and will be stepped back.
- Second target area: 60 -62-, 62.2 is the 61.8% Fibonacci golden line. This is regarded as a key trend change level. A breakthrough means entering the next upward cycle. #ordi #ORDIUSDT #趋势分析 $ORDI
