Univers OF Signals | ONDO : Real World Asset (RWA) project
Let's quickly look at ONDO, a Real World Asset (RWA) project within the Ethereum ecosystem, currently with a market cap of $4 billion and ranked 31st in coin market cap.
🔍 In the 4-hour timeframe, we observe a large range box between $1.1285 and $1.6073, which I've marked with white lines. Inside this box, there's a smaller box ranging from $1.2520 to $1.4340, marked with dark blue.
📈 For long positions, a risky entry could be considered if the price breaks $1.4340, and the main long position would be logical if $1.6073 is broken. The target for the main long position would be $2.0434.
📉 For short positions, a risky trigger is the break of $1.2520, which could be played for short-term scalping. The main trigger for a short would be breaking $1.1285, aiming for a target at $0.92555.
📊 Market volume has significantly decreased and is currently at its minimal possible state. If a suitable candle with higher volume activates our triggers, we can confirm the next leg of price movement.
✨ Currently, we don't have any triggers in the RSI as the market lacks momentum and since RSI is a momentum oscillator, it doesn't make sense to check it now as it might give us misleading data.
🔍 In the 4-hour timeframe, we observe a large range box between $1.1285 and $1.6073, which I've marked with white lines. Inside this box, there's a smaller box ranging from $1.2520 to $1.4340, marked with dark blue.
📈 For long positions, a risky entry could be considered if the price breaks $1.4340, and the main long position would be logical if $1.6073 is broken. The target for the main long position would be $2.0434.
📉 For short positions, a risky trigger is the break of $1.2520, which could be played for short-term scalping. The main trigger for a short would be breaking $1.1285, aiming for a target at $0.92555.
📊 Market volume has significantly decreased and is currently at its minimal possible state. If a suitable candle with higher volume activates our triggers, we can confirm the next leg of price movement.
✨ Currently, we don't have any triggers in the RSI as the market lacks momentum and since RSI is a momentum oscillator, it doesn't make sense to check it now as it might give us misleading data.
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.
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.