【ORDI】Clinton Daily Analysis June 26
24-hour trend [up]
[Buy and sell points]
Buy point 1: 35.000 USDT (previous low support, close to the lowest price of 33.508 on June 24)
Buy point 2: 32.500 USDT (further down to the integer mark, with strong support)
Buy stop loss point: 31.000 USDT (1.5 units below buy point 2 to prevent the risk of a deep callback)
Sell point 1: 40.000 USDT (above the EMA7 pressure level, there is selling pressure at the integer level)
Sell point 2: 42.500 USDT (close to the previous high of 41.628 and EMA30, there is a large selling pressure)
Short stop loss point: 44.000 USDT (1.5 units above the sell point 2, to prevent further rise after the breakthrough)
[Price trend analysis]
K-line pattern:
The recent price has shown a volatile downward trend, especially the continuous negative line since June 13. A long lower shadow appeared on June 24, indicating that there is a certain amount of buying support at the low level.
Technical indicators:
MACD: Both DIF and DEA are below the zero axis, and the MACD histogram continues to be negative, indicating that the short-selling force is strong. RSI: The current value of RSI14 is 38.552, close to the oversold area, but not fully entered, and there may be a rebound demand in the short term. EMA: EMA7 (38.829) < EMA30 (43.718) < EMA120 (48.573), the long-term, medium-term and short-term moving averages are in a short position, confirming the downward trend. The current price of 37.827 is slightly higher than EMA7, and is expected to test the pressure of this moving average.
Trading volume:
On June 24, the trading volume increased significantly to 123790472, and then fell back in the next two days, indicating that the market sentiment fluctuated greatly. The overall trading volume has been at a relatively high level recently, indicating that the long and short sides are competing fiercely. $ORDI
