Ondo Finance is exhibiting a textbook nested wave sequence on the sub-daily timeframe, where a completed minor corrective cycle has laid the foundation for a larger-degree bullish expansion. After sweeping liquidity and respecting key weekly support, price staged a strong reaction upward, successfully turning local resistance into active support.
The chart highlights this nested pattern in motion. Following the initial impulse leg, price executed a discount retracement into a freshly established demand block. By defending this institutional zone, buyers have sustained a clean higher-low structure, building momentum to target the higher-degree target zone located above.
As price consolidates near support, continuation remains the path of least resistance so long as the demand block remains intact. While long-term momentum leaves room for eventual retests of historical peaks, traders should monitor reaction within the upper target zone for initial profit realization. A loss of local demand invalidates this setup and signals deeper consolidation.
The chart highlights this nested pattern in motion. Following the initial impulse leg, price executed a discount retracement into a freshly established demand block. By defending this institutional zone, buyers have sustained a clean higher-low structure, building momentum to target the higher-degree target zone located above.
As price consolidates near support, continuation remains the path of least resistance so long as the demand block remains intact. While long-term momentum leaves room for eventual retests of historical peaks, traders should monitor reaction within the upper target zone for initial profit realization. A loss of local demand invalidates this setup and signals deeper consolidation.
Dagangan ditutup: hentian tercapai
Matryoshka sequence invalidated. Blue ABC Target invalid.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.