[ORDI price trend analysis] 4-hour price trend: up
1.K line shape:
-The latest 4-hour K-line shows a larger entity and upper shadow line, indicating that buyers have the upper hand in the cycle but encounter some resistance.
-The daily level has closed positive for two consecutive days, and the latest positive line has a larger entity, indicating that bullish sentiment has strengthened in the short term.
2.Technical indicators:
-DIF and DEA in the MACD indicator are both positive, and the MACD histogram shows positive expansion, indicating that the current market is in a bullish trend.
-The J value in the KDJ indicator is higher than 100, which means it may be overbought, and you need to be alert to the risk of a correction.
-EMA7 has crossed EMA30 and diverged upwards, which is a sign of a bullish market.
3. Trading volume:
-The trading volume on the 4-hour chart amplifies when the price rises, indicating that the rise is supported by trading volume.
-On the daily level, trading volume has been relatively stable in recent days, with no abnormal fluctuations.