Alikze »» ORDI| Return PRZ zone
Updated
In the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time.
💎 But now a multiple compound correction has occurred as seen in the chart.
💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ area.
Therefore, two behavioral scenarios can be imagined for it in this range.
💎 First scenario: If it can break the current range upwards, it can grow to the specified areas of the next PRZs, which are important areas that can reverse the price.
💎 The second scenario or alternative scenario: But if a break cannot be made in this area and a candle closes above it, the second or alternative scenario will be the continuation of the correction to the next areas.
💎 In addition, if the neck line or the PRZ-1 area is touched, it can create an upward scenario that can re-enter the channel. I will update the post.
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»»»«««»»»«««»»»«««
💎 But now a multiple compound correction has occurred as seen in the chart.
💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ area.
Therefore, two behavioral scenarios can be imagined for it in this range.
💎 First scenario: If it can break the current range upwards, it can grow to the specified areas of the next PRZs, which are important areas that can reverse the price.
💎 The second scenario or alternative scenario: But if a break cannot be made in this area and a candle closes above it, the second or alternative scenario will be the continuation of the correction to the next areas.
💎 In addition, if the neck line or the PRZ-1 area is touched, it can create an upward scenario that can re-enter the channel. I will update the post.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
Note
It has improved more than 15% since the first reverse zone. Note
After not being able to break the zone, it has corrected more than 34%, which is currently breaking the first support zone. If the sub-area is fixed, this modification will continue until the next areas. Note
According to the analysis presented in the PRZ1 region, it encountered a zigzag modification that made more than 38% modification to the second support zone. Currently, after a retest of the support zone, it can now retest the PRZ1 zone with the support of the $37-$38 range.If the behavior and structure of the post changes, it will be updated.
Note
According to the latest analysis presented, it has retested the PRZ1 range with more than 32% growth after supporting the $37-$38 range.Therefore, it is expected to touch the neck line or the PRZ2 zone after breaking the first zone.
Note
According to the movement path, the second target was touched with more than 56% growth. 
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