Ordo/USDT technical analysis-daily time frame (1D)

Positive points:

The EMA 20 has been broken and its high price has stabilized → early signs of short-term trend change.

Stoch RSI is in the saturated area of the purchase (above 80), indicating that the purchasing power is high (but may give temporary correction).

MACD has done an ascending Cross and histograms have turned green → another confirmation of the ascending momentum.

The volume of transactions has increased compared to previous days → the resistance is more likely to fail.

Important point:

The main downtrend line (Blue Line) has not yet broken. The line is about 0.95- 1 and plays a key resistance role.

Possible scenarios:

Ascending scenario (in case of resistance failure):

If the top of the downward trend line and the 0.95 resistance are closed, the movement can be accelerated towards the goals.:

 1.10 (first serious target)

 1.30 (previously broken supply and support area)

 1.60 (previous peak and strong psychological level)

Corrective scenario:

Because the Stoch RSI is very high (above 90), there is a possibility of temporary correction until around 0.82 or EMA20 (support).

If it fails to stabilize above 0.95, the price may fluctuate between 0.75 and 0.95 in a limited range.

Proposed strategy for entry:

Low stairs 0.88 with a loss limit below 0.82 (suitable for oscillators)

Main entry after the failure of the high-volume, high-stabilization downward trend line 0.95

Loss limit: below the broken trend line or below EMA20 (depends exactly on your trading style)

Summary:

The potential of the pump is provided that the downward trend line fails.

There are now technical bullish signs.