【ORDI】Clinton Daily Analysis June 27
24-hour trend [Sideways]
【Buy and sell points】
Buy point 1: 35 USDT (previous low support level, close to the lowest price of 33.508 on June 24, and an integer level)
Buy point 2: 30 USDT (further down to a stronger support area, also an integer level)
Long stop loss point: 28 USDT (2 integer units below buy point 2 to prevent false breakthroughs)
Sell point 1: 45 USDT (previous high pressure level, close to the closing prices of 45.746 and 45.214 on June 16 and June 15)
Sell point 2: 50 USDT (higher pressure area, also an integer level)
Short stop loss point: 52 USDT (2 integer units above sell point 2 to prevent false breakthroughs)
【Price trend analysis】
K-line pattern:
The recent K-line shows obvious volatility. After a sharp drop on June 24, the price gradually recovered. The closing price on June 27 was higher than the opening price, forming a positive line, but the upper shadow line was long, indicating that there was pressure from above.
Technical indicators:
MACD: Both DIF and DEA were negative, and the MACD histogram was below the zero axis, indicating that the current market was in a bear market, but the gap between DIF and DEA narrowed, and a golden cross signal might appear. RSI: RSI14 value was 40.962, close to the oversold range, but not in, and there was a rebound demand in the short term. EMA: EMA7 (38.723) was slightly lower than the current price, EMA30 (43.369) and EMA120 (48.403) were both higher than the current price, and the long-term trend was still bearish. The current price touched EMA7, and its support role should be paid attention to.
Trading volume:
The trading volume on June 24 was significantly enlarged, and the trading volume decreased in the following days, indicating that market sentiment tended to stabilize. The trading volume on June 27 was 25210381, which was lower than the previous few days, indicating that the long and short sides were temporarily balanced.
Comprehensive analysis:
The market is currently in a period of consolidation and there may be a rebound in the short term, but the overall trend is still bearish. It is recommended to pay attention to the support of EMA7 and whether MACD will show a golden cross signal. $ORDI
