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ORDI

Alikze »» ORDI| Return PRZ zoneIn 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. »»»«««»»»«««»»»««« 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.❤️ »»»«««»»»«««»»»«««
Short
by alikze
ORDI/USDT Breakout Alert!! Potential bullish momentum for ORDI.💎 Paradisers, ORDI is indeed showcasing intriguing movements that deserve careful observation. 💎 The successful breakout from the descending channel signifies bullish momentum for ORDI. Currently, the price is potentially preparing to retest the trendline before continuing its upward trajectory toward the supply area of around $55.45. 💎 A successful breakout above this supply zone would confirm ORDI's return to a bullish trend, potentially leading to significant upward movement toward our target strong resistance area. 💎 However, if ORDI encounters resistance at the supply area and receives a strong rejection indicated by a bearish candle, the price may retreat to downward movement. 💎 In such a scenario, ORDI could revisit the support area around $44.60, which coincides with the resistance neckline of the ascending triangle. 💎 ORDI must bounce from this support area and resume its upward trajectory. Failure to bounce, or a breakdown below the support, could signal further downward movement, potentially leading to a test of the Bullish OB area. ORDI needs to reclaim the price above the support area at $44.60 upon reaching the Bullish OB area to maintain bullish momentum. 💎 However, if ORDI breaks below the Bullish OB area, confirmed by a daily candle close below it, it could indicate a bearish trend reversal, leading to continued downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
ORDI - BITCOIN SUMMERWith the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi operations. Key Innovations Driving ORDI/BTC Strength: Asset Locking on Bitcoin L1: The Fairlight fToken Protocol allows for the secure locking of brc20 tokens like 'FCDP,' 'OSHI,' 'SATS,' and 'ORDI' directly on the Bitcoin network. This integration leverages Bitcoin’s robust security infrastructure, increasing confidence in the DeFi applications utilizing these tokens. Enhanced Liquidity and Flexibility: By converting deposited brc20 tokens into corresponding fTokens (e.g., 'ORDI' to 'fORDI'), the protocol enhances liquidity within the ecosystem. This process ensures that users can manage their assets more efficiently and securely. Future Expansion: The protocol’s plan to support other brc20 assets, Bitcoin, and Rune tokens indicates a broader scope of application, potentially attracting more users and increasing ORDI's utility and demand. Economic Incentives: The strategic use of fTokens and a structured fee system incentivizes deposits, particularly of ORDI and SATS tokens, bolstering the protocol's economic stability and fostering a more engaged user base. Security and Risk Management: With regular audits, data encryption, and continuous monitoring, the Fairlight Protocol ensures a secure environment for DeFi operations. These measures, combined with dynamic risk management strategies, make the protocol resilient against market volatility. Technical Robustness: Powered by sophisticated smart contracts, the protocol manages operations like minting, borrowing, repayment, and liquidation seamlessly, ensuring a user-friendly experience. Market Implications: As the Fairlight fToken Protocol gains traction, the inherent demand for ORDI is likely to increase, driven by its pivotal role within the protocol. This anticipated rise in demand and utilization should reflect positively on the ORDI/BTC pair, indicating potential bullish momentum. Trade Strategy: Given these factors, the ORDI/BTC pair (and other strong BRC20's) show promise for an upward trend as the market absorbs the implications of this innovative DeFi protocol on the Bitcoin network. Traders might consider positioning themselves to capitalize on this potential movement, keeping an eye on key technical levels and market sentiment shifts influenced by the protocol’s developments. Tokens connected to CLTV Finance currently are $FCDP & $OSHI - currently offering rewards via staking in way of $CLTV. This initial skating campaign will conclude on 9th June, with the next staking campaign bringing new BRC20 locking options. From Fairlight: "The Fairlight fToken Protocol is poised to set a new standard in blockchain finance. By leveraging the unique capabilities of the Bitcoin network and brc20 tokens, particularly SATS, the protocol offers a comprehensive and innovative approach to DeFi. Its focus on user empowerment, security, and sustainability positions Fairlight as a transformative force in the decentralized finance arena, poised to redefine user interactions and financial management in the blockchain ecosystem."
Long
by TraderE9
ORDI ANALYSIS (1D)By examining the ORDI waves, it seems that the large and upward wave C has ended and the price has entered a large correction. The supply range is the range where we expect downward price rejection. The target on the chart is the SS line (Static Support). Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
ORDI - A SHORT is short#ORDI/USDT #Analysis Description --------------------------------------------------------------- + The price is steadily following the channel, and the overall trend is bearish. + I don't anticipate this trend changing direction in the near future, so I'm opting for a SHORT trade here. + I expect the price to reach the resistance line and then retreat back to the support level. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 38.938 Stop Loss: 42.416 ------------------------------ Target 1: 36.416 Target 2: 34.654 Target 3: 30.995 ------------------------------ Timeframe: Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
Alikze »» ORDI | Ready to break the resistance zoneIn continuation of the previous post, which marked an upward wave, it is currently moving in an upward channel, and currently the range of the resistance zone is $75, which is also located in the midline of the channel. 🔰 With the failure of this zone, it will have the ability to grow up to the previous range and the ceiling of the channel as well as the specified supply zone. ⚠️ If this range is not broken, it can correct up to Fibo 61.8 in the range of $62. »»»«««»»»«««»»»««« 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.❤️ »»»«««»»»«««»»»«««
Long
by alikze
Ordinals | ORDI & Brc20 The live Ordinals price today is 15 usd with a 24hour trading volume of 60 million dollar. Ordinals is up 24% in the last 24 hours but what is ORDI and BRC20? BRC20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain after the Bitcoin Ordinals protocol launched in January 2023, enabling NFTs to be inscribed on satoshis , there has been curiosity about whether fungible tokens could be created on Bitcoin. BRC20 token standards were created in March 2023 by a pseudonymous programmer named Domo to make minting fungible tokens on Bitcoin possible. The first BRC20 token deployed was called Ordi. Bitcoin wallets quickly deployed tooling to support BRC20 tokens. Numerous other BRC-20 tokens, many of which are meme tokens, were launched in the months after. As of May 2023, some BRC20 tokens have experienced astronomical price increases and obtained significant market caps, the demand for BRC20 tokens caused Bitcoin transaction fees to surge and caused significant congestion on the Bitcoin network. you probably think but we already had Erc20 so what the...well BRC20 tokens exist on the Bitcoin network, while ERC20 is a standard on the Ethereum network. BRC20 tokens don't use smart contracts and, therefore, have much less functionality. On the contrary, ERC20 tokens can interact with other protocols and applications to enable a wide range of services, including borrowing and lending. ERC20 is a mature token standard with a massive number of ERC20 tokens already created and widely used. Conceived in 2015 and officially recognized in 2017, ERC20 tokens have been battle tested and proven to function stably. That's not the case with BRC20 tokens, whose future has a high degree of uncertainty, despite the hype, BRC-20 tokens have little utility at present now lets see why Ordi just pumped, OKX just announced the listing of ORDI, and will open deposits at 18:00 on the 20th, and open spot transactions after the deposit amount meets the transaction requirements. ORDI is the first BRC20 asset, with a total of 21 million. Affected by this announcement, its price rose by more than 24% in 1 hour. The current price is around $15, and its market value is $313 million now Ordi can hit 15.5 , 16 and 16.5 for now
Long
by moonypto
1
ORDI/USDT - Bouncing back from the supportBINANCE:ORDIUSDT (1D CHART) Technical Analysis Update ORDI is currently trading at $68.261 and showing overall bullish sentiment as the price bouncing back from the support. We have good opportunity for Long trade as we can expect the price to hit the resistance line. Entry level: $ 68.261 Stop Loss Level: $ 55.12 TakeProfit 1: $ 75.84 TakeProfit 2: $ 84 TakeProfit 3: $ 96 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ORDI/USDT bullish reversal from key support? ? 👀🚀Ordi analysis 💎Paradisers, gear up for a thrilling trading journey with #ORDIUSDT, strategically positioned at a critical support area, hinting at a potential bullish turnaround on the cards. 💎Navigating the #ORDI Landscape:As we delve into the #ORDI narrative, a bounce from significant resistance has been noted. Presently, it encounters a setback at the formidable resistance of $85.151. Anticipation is building for a pivot from the vital support at $73.662. Keeping the momentum in view, our sights are set on attacking the notable resistance level at $115.131. 💎 Preparing for Momentum Shifts:Should the drive behind SEED_DONKEYDAN_MARKET_CAP:ORDI start to wane, stay vigilant for a bullish revival originating from the solid support at $65.529. However, a descent below this crucial threshold could signify a shift towards bearish domains. 💎Strategic Insights for Paradisers:In this dynamic trading environment, maintaining alertness and readiness to adapt strategies in response to SEED_DONKEYDAN_MARKET_CAP:ORDI 's movements is paramount. A keen observation on support and resistance levels will guide your trading decisions, ensuring you're primed for either a bullish breakthrough or adeptly navigating potential bearish shifts. The Paradise Team is by your side, offering insights and support as you embark on this exciting trading exploit.
Long
by MyCryptoParadise
2
ORDI/USDT New ATH on the Horizon? 👀🚀ORDI 1D Analysis💎Paradisers, brace yourselves for an exhilarating venture with #ORDIUSDT! This contender is positioning itself within a support zone, signaling a potential bullish journey ahead. 💎Recently charting its course along an ascending channel, #ORDI is on the rise. Currently, it's gearing up for a bullish breakout from the $65.25 support zone, poised to breach significant resistance thresholds. 💎With the bullish wave in motion, we're eyeing SEED_DONKEYDAN_MARKET_CAP:ORDI 's next challenge at the $92 resistance zone. A breakthrough here could open the gates to even loftier resistance levels. 💎Conversely, If #ORDI meets resistance and falters, we might see a resurgence from the $53.95 support level. Dipping below this could trigger a significant downturn.
Long
by MyCryptoParadise_Simon
6