There are several reasons why I don’t find the ORDI chart impressive. First, it has broken a major support zone between $18 and $24 and is currently trading near very low levels.
Secondly, it hasn’t formed any strong highs on the weekly timeframe yet.
Overall, the market remains weak unless we see a breakout above at least a daily or weekly high just as shown on my screen . On the weekly chart, it is still trading below the previous week’s high.
A solid breakout would provide a better opportunity to consider buying, but for now, the market remains weak and it looks more bearish
My view ❗️
