This had an amazing run-up near the beginning of 2024.
It looks to be preparing for the next leg up.
The orange falling wedge consolidation has broken to the upside.
Then price action continued to consolidate into the larger blue falling wedge consolidation pattern. This has also just broken upwards of the trendline recently.
Price action is above the 4hr 200MA. We can also see the price action is consolidating tightly with the 1D moving averages. This indicates at at move is on the near horizon.
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$ORDI BTC Ordinals
This had an amazing run-up near the beginning of 2024.
It looks to be preparing for the next leg up.
The orange falling wedge consolidation has broken to the upside.
Then price action continued to consolidate into the larger blue falling wedge consolidation pattern. This has also just broken upwards of the trendline recently.
Price action is above the 4hr 200MA. We can also see the price action is consolidating tightly with the 1D moving averages. This indicates at at move is on the near horizon.
$ORDI BIG Picture Targets
1) $93.39
2) $123.37
NFA, DYOR ⚠️
#Crypto #Trading #BTC #ORDI