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ORDIUSDT trade ideas

ORDI- Weekly AnalysisThe BRC 20 token, Ordinals Protocol, registered as the most significant market decliner of the week with a precipitous drop of 39.80%. ORDI plummeted to a price low of $38.844, marking its nadir since the first week of December. Currently, ORDI is trading at $41.95, endeavoring to recuperate within a weak demand zone defined by the $38-$43 price range. Technical analysis of the daily time frame reveals a neutral market sentiment, bolstered by a favorable reading from the Commodity Channel Index (CCI) with a setting of 20. However, the moving averages indicate a strong sell sentiment, reflecting broader market apprehensions. In the weekly analysis, both oscillators and moving averages converge on a sell recommendation for ORDI. As the halving event nears, the specific dynamics associated with BRC 20 tokens such as ORDI suggest a potential rebound to its prior demand levels, contingent on market response to structural changes and broader economic factors.
by Mudrex
ORDIUSDT. The seller has reached targets The seller has reached their targets from the previous review - 55.2 and 49. On the daily timeframe, there is a sideways market, and the seller's vector 7-8 has hit all targets. The price touched the lower boundary of the sideways market at 40.685 and showed a bullish reaction. I am observing the actions of the buyer. There is a threat for purchases - the seller's zone with a lower boundary at 51.532 (red background). On the hourly timeframe, there is a downtrend. The beginning of the last seller's impulse is at 54.68. Notice how the buyer cannot overcome 50% of the seller's last impulse (46.84). I will be looking for a selling opportunity from the seller's zone on the daily timeframe. Pay attention to the 5-minute timeframe. There is a sideways market. If the buyer attacks point 4 of the sideways market (49.88) and enters the zone of 51.532 (while on the hourly timeframe, the buyer does not absorb the last seller's bearish bar), and then the seller defends 49.88, we can look for sales to play against the opposite boundary of the 5-timeframe sideways market and possibly update the local minimum.
by AlexeyWolf
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
Ordi/Usdt IdeaThe ORDI/USDT pair appears to be on the verge of a breakout, with the price currently trading within a triangle pattern on the 4-hour timeframe. The price action is showing strength, suggesting a potential breakout in the near future. In case of a successful breakout from the triangle pattern, there is a possibility of a 30-50% bullish move expected in the price. Please note that this is not financial advice, and it is important to conduct your own research (DYOR) before making any trading or investment decisions.
Long
by Crypto-By-Ghazi
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
ORDIUSDT - BULLISH OUTLOOKORDIUSDT is exhibiting a bullish divergence on the 4-hour timeframe, suggesting a potential reversal in the prevailing downtrend. Furthermore, the price has successfully breached its lower high level and established a higher high, indicating a strengthening bullish momentum. Based on this analysis, a trading strategy can be outlined as follows: Entry: Consider entering a long position at the current market price of $63.50. Stop Loss (SL): Place a stop loss order at $54.98 to manage risk and mitigate potential losses. Take Profit (TP): Set take-profit levels to achieve a 1:1, 1:2, 1:3, and 1:4 risk-reward ratio: TP1: Set the first take-profit level at $72.02 TP2: Aim for the second take-profit level at $80.54 TP3: Target the third take-profit level at $89.06 TP4: Set the fourth take-profit level at $97.58 This trading strategy anticipates a bullish reversal based on the identified bullish divergence and the breakout above the lower high level. However, it's essential to monitor the market closely and adjust the strategy as necessary in response to changing conditions.
Long
by sunnytrader07
1
$ORDI IS A 95 PERCENT JACKPOTRemember when I predicted CRYPTOCAP:WIF to pump soon? Well I made some gains with just little $50 trade. Now guess what? It's not over though because it will pump more! But if want something lower that you can buy and stay safer from dump, I'm seeing a potential of $200 per SEED_DONKEYDAN_MARKET_CAP:ORDI at least this April. So I'm longing it with just 4x, a $50 trade. Imagine playing a sporty bet of 5 odds which is only a 50-50 chance of winning? Playing a long bet on ORDI is a potential huge and safer jackpot! too. It made a previous all time high of $97 and now setting a strong trend reverse, well let's wait for the outcome and hope for the best 🥰 MOONBOY Crypto
Long
by Moonboycrypt
ORDI ORDI is the mother of all brc20 tokens. The brc20 token market is only 1 year old. The Young Market, which is entering the active and most ambitious phase of the bullrun. The infrastructure for brc20 has already been built and in just 1 year! In May there will be a large forum in Hong Kong dedicated to brc20 and inscription. I expect a pump of the entire ecosystem until May and this event. One more thing. Not everyone understands how popular brc20 is in China... first target 5b mc 200-220$
Long
by BigCryptoUA