How to understand the current market⚙️ Guide to Understanding My Recent Posts
Market Overview:
- Coins with Recent Runs: Coins that have had a nice run are now making lower highs on the macro charts and are tanking now.
- Coins Holding Strong: Coins that didn't have a significant run are holding strong in their accumulation phases.
Specific Insights:
- #BTC is stable, but #ETH looks even better. Capital rotation is underway.
- I am not bearish on the market overall. My posts might show a bullish ETH chart and bearish short-term charts for RNDR, ONDO, and some others. This doesn't mean these coins are dying; rather, they are correcting after their significant runs.
- Many altcoins look bullish, meaning they are good for accumulation. Conversely, some look bearish, indicating that one might wait for lower levels to accumulate or start DCA from current levels to 30% lower. Many altcoins are out there screaming for a pump.
- The market has been moving selectively from the start. Some coins will cool off while others are ready to heat up. It's the key to understanding the market dynamics. I hope this clarifies something.
Now, we are moving to ONDO as an example.
Marked zones are areas where you can accumulate. In a bull market, we should buy at support levels. The first one is done.
ONDO
Alikze »» FET | Wave 3 or C bullish scenarioIn the daily and weekly time, after an upward cycle in the supply area, a complex mixed correction has been corrected to the 0.38 Fibo range of the previous wave, after which it faced demand.
🔰In the lower time, it went through a full cycle up to the green box area, which again grew up to the current area after a correction.
🔰If this wave is extended and breaks the resistance zone, it can continue to climb to the next zone, but if it encounters supply in the current zone, a correction cycle can be carried out to the previous major ceiling zone and then the continuation of the upward cycle. to do in the form of a large wave 3.
If the behavior and structure of the post changes, it will be updated.
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$ONDO Bullish Pennant on daily and weekly TF ! 🔥@everyone
Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider:
### 1. Identify the Pattern
- **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines that create a small symmetrical triangle.
- **Volume**: The volume typically decreases during the consolidation phase and should increase upon breakout.
- **Duration**: This pattern usually develops over a period of one to three weeks.
### 2. Confirm the Breakout
- **Breakout Point**: Enter a trade when the price breaks above the upper trendline of the pennant with increased volume.
- **Validation**: Ensure the breakout is supported by higher trading volumes, which confirms the strength and likelihood of continuation.
- **Entry Strategy**: Place a buy order slightly above the breakout point to avoid false breakouts.
### 3. Manage the Trade
- **Target Price**: Estimate the target price by measuring the length of the flagpole (the initial price increase) and adding it to the breakout point.
- **Stop-Loss Order**: Place a stop-loss order below the lower trendline of the pennant to protect against downside risk.
- **Monitor**: Continuously monitor the trade, adjusting stop-loss levels to lock in profits as the price moves in your favor.
By following these steps, traders can effectively capitalize on the bullish pennant pattern and manage their risk appropriately.
Alikze »» Pendle | Pullback to broken structure🌐 About Pendle currency:
Pendle is indeed a cutting-edge protocol in the DeFi space, designed to allow users to tokenize and trade potential future earnings from their investments.
By introducing an innovative Automated Market Maker (AMM) that accommodates assets experiencing time decay, Pendle offers a unique solution that grants users enhanced control over their future yield.
🔍 Technical analysis:
It is moving in an ascending channel in the daily and 12H time frames.
💎 After meeting with the trigger and the bottom of the ascending channel, it encountered demand, which continued up to the major ceiling.
💎 Currently, it has faced selling pressure at its major ceiling and midline of the channel, which it has not been able to overcome.
💎 Therefore, due to the fact that a correction structure has been formed, it is expected that with the continuation of the correction to the bottom of the channel and the range of the green box, there will be a pullback to the broken structure.
💎 Alternative scenario: if the supply zone is broken and placed above the midline of the channel, it can experience the continuation of the upward trend up to the ceiling of the channel.
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Total supply: 258,446,028 PENDLE
Circulating supply:154,009,988 PENDLE
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Alikze.
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Ondo Will dominate this BullrunKeep an eye on this project whenever you see a dip in this accumulate asa much as you can.
All alts fall by 50% but this project was holding his price.
As of now you can see a good pattern if btc breaks 70k-71k range and hold the level this will shoot up
Target
1.5000
1.6000
You can hold this for bull run in spot
Ondo Ready For $3 Price Action
The main trend shows a significant rise from a low of around $0.35 to reach over $1.20, with the price currently hovering around $1.24. The next major resistance based on the Fibonacci Extension is around $1.95 (1.618) and $2.80 (2.618).
The price formed an ascending triangle pattern before breaking out upwards, indicating bullish strength. The pattern is supported by the dynamic support line of the trendline and breakout at around $1.23.
Indicator
- The price is above the 21 EMA, indicating strong short-term bullish momentum.
The 21 EMA also acts as additional dynamic support, currently located around $1.05.
- Stochastic RSI is at a medium level, neither overbought nor oversold, which indicates that there is still room for further increases before a potential correction.
Price Target
Using Fibonacci Extension, the next upside targets are at level 1,618 (around $1.95) and level 2,618 (around $2.80). These targets are based on previous movements measured from the last breakout of ascending triangle.
Overall market sentiment is bullish with prices consistently making higher highs and higher lows, indicating investor confidence in price moves higher. In conclusion, the Ondo chart shows strong bullish potential.
New King of RWA ---- ONDOThe RWA track is one of the most popular tracks in 2024. Especially after Trump expressed support for crypto and the approval of the ETH ETF. Traditional large asset management such as BlackRock and Franklin Templeton will pay more attention to this track. We also talked about token MKR, GFI, etc. in RWA track in our previous analysis. Today we take a look at the head protocol ONDO.
The entire RWA track has been developing slowly due to regulatory restrictions before. Market share is concentrated on MakerDAO. Since the BTC ETF was successfully approved at the beginning of this year, ONDO has quickly occupied mainstream chains such as Ethereum and Solana with its RWA products such as USDY and OUSG. In April, it reached a cooperation with BlackRock's BUIDL fund and holds a large number of BUIDL shares. This has a lot to do with ONDO's team composition. Different from traditional protocols, the core members in ONDO have working experience in traditional institutions such as Goldman Sachs, McKinsey, and BlackRock, which MakerDAO does not have.
Now that ETFs have been approved, more and more institutions are getting involved with crypto. They need an interest-bearing stablecoin with extremely high compliance and security. ONDO’s USDY meets the needs. Although MakerDAO occupies a large market share, ONDO is likely to surpass it and become the new king of RWA.
After a long period of fluctuation, bulls strengthened and ONDO started a new rise. As can be seen from the indicator area, at the 4h level, the TSB indicator prompted a BUY signal on May 21,, and then the pump started. If you used the TSB indicator and opened a long position, you would have made over 40% of unrealized profits. And the current column still remains above the wavy area, and the bullish trend is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ONDO long-term trade setup.Hello traders,
ONDO recently broke above the resistance and is gearing up for another potential rally. Previously, when ONDO broke above the resistance, it rallied 260%, and currently, we can see a similar move taking place.
Accumulating ONDO between $0.70 and CMP can be considered.
Do your own research before investing.
$ONDO HAS NEVER BROKEN THIS RESISTANCE | ATH SOON | LONGOndo Finance has never broken this bottom resistance in this multi-tier ascending channel I have been tracking. I admit, my chart is messy and complicated. I have been tracking many patterns here, but all of them are bullish.
ONDO has been resilient during this current Bitcoin crash and recovery. The price has continued trading in a range from the.60s to $1. Finally, it has stabilized in the.75–.90 range. The price is coming much closer to testing the bottom resistance line of the channel, which has never broken.
I am bullish on the price of ONDO, but it will depend on overall market sentiment. Whether up or down, I know for sure that a large move is coming. Wait for a bounce and confirmation to enter a long position or to buy a spot position. A breakout here would send us up to ATH's around 1.05.
ONDO - Fib ExtensionsOndo - ONDO
Sitting in the real world tokensiations of assets category, ONDO is technically already above this key 0.618 ‘golden-ratio’ area. Below are my bullish and bearish thesis from here.
Bullish scenario
Prices continue to consolidate, accumulate, and move higher to the previous high, the 1.272 ratio and 1.618 ratio from here.
Bearish scenario
Failure to hold above the 0.618 level (green box) would be bearish in my opinion and a failed breakout.
Alikze »» ONDO | Trading range !!In time 12H, it is moving in an upward channel, which has had several positive reactions to the bottom of the channel or the dynamic trigger, which has caused the price to jump.
💎 Currently, it is suffering in a resistance and support area, which is currently in the middle of the channel, which can retest the resistance or supply area if it is supported in the first green box area.
💎 But if it breaks this range in dealing with this support, it can face further correction and this correction will continue until 0.58 and then the next node of the support zone.
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#ONDO/USDT Trade Setup! Entry, SL and Target!#ONDO is breaking out on the daily chart! A retest is likely, targeting the yellow box.
Best entry: $0.75 to $0.85
Aggressive entry: $0.85 to $0.96
Target: 50% to 100%
Stop Loss: $0.6811 (Since the SL is significantly lower than the current market price, keep your position small and consider adding more on dips if you like the setup.)
The strategy is to enter slowly and always keep your leverage low.
This applies to every setup I share.
DYOR, NFA
Please hit the like button if you want me to post more.
Thank you
#PEACE
ONDO/USDT bullish Pennant expecting breakout? 👀🚀💎 Paradisers, take note: #ONDOUSDT is currently trading within a bullish pennant pattern, suggesting a high probability of an upward breakout.
💎 Currently, #ONDO is testing the resistance of the pennant. If the price successfully breaks out and sustains momentum, there's a strong likelihood of a robust upward move targeting our predetermined resistance levels.
💎 Considering market volatility, should the price of LSE:ONDO lose momentum and break below the pennant's support, this could indicate a weakening of the bullish trend, potentially leading to a significant price decline.
MyCryptoParadise
iFeel the success🌴
ONDO/USDT BULLISH STRUCTURE! READY TO PUMP 100% FROM HERE!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to this ONDO/USDT Trade setup!
According to the chart, it is forming a bullish structure. Breakout is also done and currently, retesting it. Buy some here and add more in the dip.
Entry range:- $0.80-$0.84
Targets:- $0.98/$1.22/$1.44/$1.84
Stop Loss:- $0.73
What do you think about this? Share your views in the comment section.
Thank You!
$ONDO Finance on the way to +$1 SOON (must look)ONDO is looking bullish in every single time frame. It has also formed multiple bullish patterns, such as a holding and upward channel, a triple bottom, and a possible bullish megaphone pattern. If a full breakout is complete, we will see a +$1 again very soon.
The price is testing the upper resistance in the megaphone. It is also currently sitting right on the point of control in terms of volume, which also indicates a volatile move soon.
Set some alerts; we may see a large breakout soon, but wait for confirmation if you enter a long position.
ONDO 4H After a big flash crash during Friday seeing BTC once again test the 4H 200EMA support, the altcoin market took a much bigger hit that we've seen for some time.
In these times it's always good to see how projects react to these market conditions. A strong reaction at key areas after a big pullback can show that there are big players willing to add to or make new positions further increasing the validity of that support level and giving the project a platform to continue moving up. The best case we've seen of this is ONDO, as the chart shows a perfect pullback into the FIB levels which align with a bullish OB provide a great support area, a strong reaction has put price back to where it originally was before dropping with a textbook V-shaped recovery which is rarely found across the crypto market right now.
ONDO is a big player in the RWA sector, a lending protocol supporting tokenized securities as collateral. With open collaboration with massive entities such as BlackRock and Morgan Stanley and Larry Fink personally saying he believes in a Tokenised future. I think it's easy to see why the recovery has been so strong, perhaps even BlackRock themselves buying up the dip?
I think the future of ONDO is bright, now a TOP 100 coin and big time backers targeting range high will be dependent on BTC but with the halving coming soon I believe it will behave. Next Target is $1, the FIB EXTENSION levels often give good price targets but one step at a time.
ONDOUSD Textbook Channel Up.Ondo Finance (ONDOUSD) has been on a Channel Up pattern since its first trading days, supported by the 1D MA50 (blue trend-line). Its last Higher Lows was priced on that exact level, so did the one before (March 19).
The last Higher High was been -11% shorter than the previous, so assuming this is a progressive pattern, we expect a new Higher High at 1.5000 (+ 157%, i.e. -11% lower than the previous).
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ONDO UPDATE (12H)The ONDO symbol has formed a bullish diametric since the beginning of its listing, which seems now to be inside the F wave of this diametric.
It is expected that the G wave will end in the red area and we will see ONDO drop towards the green box.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You