✴️ Ordinals Ends Bullish Phase, Enters Bearish Phase

25 Jan

👉 Ordinals (ORDIUSDT) grew 3,120% within 113 days.

This is the same trade idea I shared recently but updated.

➖ The MACD has already gone below zero (bearish).
➖ The RSI is super weak.

After an impulse move (5-waves) you get a correction (3-waves), based on Elliot Wave theory, this is what is shown on this chart.

The ABC correction wave pattern is for illustration only.

We predict lower but it would be really hard to know exactly when and where the bleeding will stop. The chart is too young, the growth too big; Anything goes.

Namaste.