ORDIUSDT
: Ordi has been trading within a range for the past months now without making any significant moves either to the upside or to the down side. Looking at the price action of ordi we can see that it has been trading within the price area of $48 to the $96 area without creating any significant high or low.
Also if we take a close look at the price, we can see that the $80 to $84 area is a very strong supply zone which is preventing further price increase, also if we take a closer look we can see that the $48 to $55 area is also a strong support/ demand zone which is preventing the price from going lower.
Inline with the price action, if we use the Fib Retracement tool, taking form the $55 to the $96 price levels, we can see that the 0.618 Fib levels is within the supply zone I mentioned earlier.
CONCLUSION: If the price of Ordi breaks below the $55 price level, we should see the price filling the imbalances at the $30 area. But if the price breaks the $81 level and above, we should see ordi making a new high at the $120 level and above.
(FROM MY POINT OF VIEW, WE SHOULD EXPECT A CONTINUES GROWTH FROM $55 AND BEYOND)..
ORDIUSDT.P
