ONDO current targets and things to consider

3 thg 12, 2024

ONDOUSDT had a steep rise the past days/week and shows lower volume since the 78.6 fib level. rsi is slightly overbought. I assume it'll correct down slightly/consollidate towards 78.6, building more volume, finding support and then attempting 161.8 extension level at 2.10$ as a next possible resistance to break.

8 thg 12, 2024

Giao dịch đang hoạt động

ONDO was on a good way to touch the 161.8 extension before starting to consollidate.

the fact that it, so far, doesn't fall lower towards 1.50 indicates a still strong upwards sentiment BUT the RSI seems oversold right now so let's say if this "goes away" after a little more consollidation of ir it loses it's current level and probably finds support either at the last high of 1.50 or even as low as the 78.6 fib level at 1.28 $

20 thg 12, 2024

Ghi chú

ONDO is an interesting one of the bunch. even after the flash dump, it didn't really fall that hard AND found support at the previous high of the market before bouncing. this is a very strong indicator of it's strength (so far) . will monitor it in the next days. I can imagine it building an upwards channel but a consollidation around the support is also possible.

4 thg 1

Đóng lệnh: đạt mục tiêu

ONDO really showed a lot of strength and pushed towards 2.14 (161.8 fib) before retracing but already finding support around the 78.6 fib level. will look at it for a possible upwards trend channel and thus see whether or not we could expect a little more retracement or consolidation still before going further up.

but as of now it really is a different one.