Lokesh Gupta
26-12-2023
According to Coingabbar Price Analysis, Ordi initiates an upward move on November 1st.
Recent days reveal a robust recovery as ORDI surpasses the pivotal $69.75 resistance from December 6th.
The forming triple-top pattern is invalidated by the current ORDI token price action.
ORDI's price has been ascending with a parabolic support trendline since October 16, reinforcing a bullish trend.
As long as ORDI maintains trading above the parabolic ascending support trendline, the overall trend remains bullish.
Yesterday, ODI breached the symmetrical triangle pattern with substantial volume, indicating a potential shift.
Sustaining above the $67.00 support level strengthens the bulls' control, setting the stage for a test of the $83 resistance.
Maintaining support at $67.00 positions ORDI for further strength, aiming to challenge the resistance at $83.
Conversely, a trend reversal could lead to loss of momentum, with the price testing support in the $45-$48 range.
KEY LEVELS :
RESISTANCE LEVEL : $72.00-$75.00
SUPPORT LEVEL : $65.00-$61.00
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
5 months ago
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