Ordinals Enters Accumulation Zone (Easy 100%+ Target)

2 sept

Very interesting to look at the Ordinals chart right now... There is a trade-idea for the USDT pair that can be found in the related ideas at the bottom of this post. This one is for ORDIBTC (Ordinals vs Bitcoin). These are different.

Notice how the current action is happening within the long-term "accumulation zone."
The interesting part is that ORDIBTC is trading below the November 2023 breakout pattern. This is a level from which a major bull-run was launched last year. Seeing the action moving below this level on low bear volume, indicates that sellers must be out of the game.

How far up it goes is hard to say, but the pair is preparing for a bullish wave.

You can find additional details on the chart.
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