Ondo broke out of a lower channel earlier and a double top neckline which targets the .3069 area with its measured move down. ie; measure the high of the biggest top to its neckline resistance and project that same height down from the neckline to get your measured move. And I was just playing around checking the big pattern of its cycle high price action and every measurement so far lines up with a bullish gartley pattern if this measures move goes where I think it is it’s going to form a nice entry point for a long after this big correction. Interested what other people think about this if anyone is interested in sharing. Also the Ondo short to 3069 is still in play at the moment of posting it’s hit it’s midpoint support to gain bullish stop loss liquidity zones and let macd/rsi normalize but the upward channel is very much likely a trap only trade it if you are in it briefly or you will get stopped out I’m sure. The whale is also using this as a zone to sell off the liquidity it consumed from the top.
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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.