#ONDO/USDT#ONDO
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 0.9200
We have a tendency to stabilize above the moving average 100
Entry price 0.9300
First target 0.9613
Second target 0.9925
Third target 1.03
ONDO
ONDO buy setupONDO is doing internal pullback.
The larger structure is bullish. Therefore, we can look for buy/long positions in demand areas.
By maintaining the green range, it can move towards the targets.
We have specified the targets on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Alikze »» IO | Descending channel🔍 Technical analysis: Descending channel
- In the analysis of the post presented earlier, it was moving in an ascending channel in the 1h time frame, which was corrected after failing to break the supply zone and touched the bearish target.
- Now it is moving in a descending channel in the 8h time frame.
- According to the behavior and structure, it is forming a double hybrid modification.
- Therefore, I expect that after hitting the ceiling of the channel, which can form a corner pattern, it will encounter an increase in supply again and complete the last leg to the minimum floor of the channel and then to the Buyer Zone.
💎 Alternative scenario: If it can break the zone considering that it has an Ingalf candle at the bottom of the channel, it can increase to 0.23 fibo of its previous wave. If the behavior and structure of the post changes, it will be updated.
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BINANCE:IOUSDT
Alikze »» OM | #MANTRA Trading range!!Mantra is an L1 blockchain network that produces a bridge between TradFi and DeFi by providing the necessary infrastructure for tokenizing RWA.
💎 In the 1D time frame, it has encountered an increasing trend after exiting the descending channel.
💎 Currently, after reaching its previous major ceiling, it has faced increased selling pressure. Considering that the trading range is in the liquidity area, if the volume increases, it can grow up to the supply area with the increase in demand.
💎 Alternative scenario: if the supply zone breaks, it can have a correction up to the 0.39 zone, and if the trend continues, it will continue up to the green box zone.
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Total supply: 888,888,888 OM
Circulating supply: 793,991,274 OM
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Is ONDOUSDT About to Skyrocket or Dive?Yello Paradisers! Are you prepared for what could be the next big move in #ONDOUSDT? This coin has been in a downtrend for several days, but recent developments hint at a possible trend reversal.
💎#ONDO has made a significant internal structure break, indicating a potential shift from the downtrend. The previous resistance zone has flipped into support, and ONDO is now sitting just above the crucial support/resistance level at 1.07-1.032.
💎ONDO has had multiple taps at the descending resistance trend-line and has recently broken out successfully, retested, and is now sitting above it.
💎If the volume holds, ONDO has the probability to move towards minor trendline resistance at 1.20. Beyond that, it may face resistance at 1.29-1.345.
💎On the daily time frame, if ONDO fails to hold momentum and closes a candle below 0.963, it could signal a continuation of the downtrend, making the recent breakout a fakeout.
Stay alert and trade smart. Discipline, patience, and robust strategies are key to navigating these potential market moves. Let’s see where ONDOUSDT heads next!
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
MyCryptoParadise
iFeel the success🌴
Perfect Pullback!The areas I am interested in for a long trade would be around $0.90 cents to retest the weekly or flipping $1 into support.
Targets for both would be the Value Area High of the upper range.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
ONDO (ONDOUSD): Spot Trading Opportunity Amid Bitcoin BottomWe are screening through some altcoins for potential wick trades on a possible bottom on Bitcoin and found interesting levels on ONDO.
Current Analysis:
We are looking at the spot chart here as we would plan on entering spot rather than perpetual, but technically, you could do it. We got multiple levels here that support one idea, getting support from the 3D demand zone and the HVN POC (point of control). We got both the 3D and the D FVG above/on the demand zone. In an ideal scenario, we would look at a wick into this demand and nothing more.
If this doesn't hold, we would target the second 3D demand and the 3D BPR down below. Everything in between seems irrelevant for a spot trade.
Strategy:
Our target would be above the current high. If we place a target, we will cover it in a market report as usual.
Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern
- According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path.
- Currently, a corner pattern is formed in the daily time frame.
- But now it can have two paths.
💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range.
💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone.
🛑 Resistance range: 5.07 - 5.46
🟩 Support range: 3.90
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The Next Big Move for ONDOUSDT: Will It Soar or Dive?Yello, Paradisers! Is #ONDOUSDT gearing up for a major move, or are we on the brink of a downturn? Let’s dive into the details to keep you ahead of the game.
💎#ONDOUSDT has been one of the standout performers, showing remarkable resilience during the recent market correction. The asset has been navigating a falling wedge pattern and has recently broken above it. Currently, #ONDO is aiming to retest the upper resistance of the channel, which has now turned into support.
💎A bullish breakout is promising, but a successful retest will reinforce and confirm this breakout. This retest of the upper resistance turned support is crucial for validating the bullish sentiment.
💎If ONDO falls back into the wedge, it’s likely to retest its support at $1.08. This level will be a key indicator of ONDO's strength and a failure to hold here could signify a potential decline.
💎Should the macro market sentiment turn bearish with significant selling pressure, ONDO might revisit its liquidity-packed area and strong medium-term support between $1 and $1.02. This zone is critical as it has historically provided substantial support.
💎However, if this critical support zone fails to hold, ONDO could turn bearish and continue its downward trajectory. The overall market sentiment and Bitcoin's movement will significantly influence #ONDO's price action, so keep a close eye on these factors.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
ONDOONDO / USDT
ONDO one of few coins that showed strength in current boring / bearish season
Its being accumulated in falling wedge and above MA / bullish trendline since long time
As long as these bullish patterns are holding priority is bullish
The best approach for buying it if market give us another dip towards the trendline then a bullish bounce with easy invalidation at that point or after breakout confirmation of the falling wedge overall looks bullish
Alikze »» ONDO | ready to pullback to the broken major ceilingAccording to the previously presented analysis, which was a trading range between the two supply and demand ranges, after another attempt and support in the neck line range, it has succeeded in breaking the supply range.
💎 Currently, due to the exit from the ascending channel and the support in the green box range, it has now re-entered the ascending channel.
Currently, it can grow with a pullback to the broken structure to the middle of the channel of the $1.6 range.
💎 Therefore, with pullback to the previous major ceiling, it will enter another rally, which will have the ability to grow to the middle of the channel and then the ceiling of the channel, which I will update later.
💎 Alternative scenario: In addition, if the pullback is broken into the structure and the previous major cap is an internal pullback, it can have a correction up to the OB area of 0.89
cents.
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ONDO looks bearishWe have a bear CH on the chart. The price then moved back up and swept the sell orders.
It seems that now the price can be rejected towards the lower areas.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
ONDO - Rising Again Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ONDO has been overall bullish, trading within the rising channel marked in blue.
Currently, ONDO is undergoing a correction phase in the shape of a falling channel.
Moreover, it is retesting massive support and demand zone in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ONDO approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich