In the upper part of the chart, we have a liquidity pool that has been swept (I have marked it with a yellow circle). Now there is another liquidity pool at the bottom of the chart that price is trying to sweep. We have a good support zone which is the rebuy zone. The targets are clear on the chart Closing a 4-hour candle below the invalidation level will violate...
ONDO seems to be forming a diametric which is now in wave "C" of this diametric. Wave "C" itself seems to be a diametric we are now in wave "d of C". From the green area, we expect the "e of C" wave to hit and move towards the targets. Closing a daily candle below the "invalidation level" will violate the analysis For risk management, please don't forget stop...
4h time frame - ONDO is consolidating since hitting 0.47, but does not make apparent trend of continuation structure, only show a potential rising wedge. ONDO is just retesting the support from uptrend, that is an opportunity to open long here; however, considering the resistance from potential wedge, need to be careful of 0.488. Also, because ONDO has high...