Bitcoin Spot CVD Chart Analysis: Order Flow Insights
- Order Flow Analysis: On May 18, the Bitcoin spot CVD chart revealed shifts in buying and selling pressure for the BTC/USDT pair, indicating steady retail buying against a cautious institutional stance, which could impact short-term market trends.
- Heatmap Insights: The upper section of the chart displayed concentrated trading activity around the $66,000 and $68,000 levels, suggesting these zones may act as future support or resistance, influencing market participant decisions.
- Order Size Breakdown: The CVD indicator categorized orders by size, showing consistent upward movement in retail buying while larger orders exhibited volatility, indicating that institutions might be hedging or taking profits, reflecting a divergence in market sentiment.
- Trading Strategy Recommendations: Understanding CVD and volume heatmap data helps traders identify potential support and resistance zones; the mixed signals on May 18 suggest caution in chasing breakouts, especially without confirmation from larger order sizes.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0408 | 0.0454 | 0.0491 | 0.0537 | 0.0573 | 0.0619 | 0.0656 |
| Fibonacci | 0.0454 | 0.0486 | 0.0505 | 0.0537 | 0.0568 | 0.0588 | 0.0619 |
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