ONDO appears to have completed a leading diagonal for wave 1 after finding a bottom at the major support high volume node (HVN).
Wave 2 has retraced to the expected alt coin Golden Pocket at the 78.6% retracement tapping high volume node.
The descending resistance line has been tested as support leaving a dragonfly doji but does not look strong enough to be the bottom yet.
Wave 3 should be a powerful move up.
This analysis is invalidated below macro wave 2 -$0.65
Safe trading
Wave 2 has retraced to the expected alt coin Golden Pocket at the 78.6% retracement tapping high volume node.
The descending resistance line has been tested as support leaving a dragonfly doji but does not look strong enough to be the bottom yet.
Wave 3 should be a powerful move up.
This analysis is invalidated below macro wave 2 -$0.65
Safe trading
DeTrending market and headline noise
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DeTrending market and headline noise
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.