#ONDO/USDT#ONDO
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.9200.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.9700
First target: 1.013
Second target: 1.048
Third target: 1.093
Ondousdtrading
ONDOUSDT Is This the Beginning of a Parabolic Run?
BYBIT:ONDOUSDT has demonstrated impressive strength following a decisive breakout above the $1.5 resistance level. Notably, the recent market-wide dump had minimal impact on BINANCE:ONDOUSDT.P , with the previous resistance level now acting as robust support. This resilience, coupled with strong trading volume, suggests underlying bullish momentum.
Traders are now eyeing a potential parabolic move towards the $4 target. However, it is crucial to exercise prudent risk management. Implement a strict stop-loss order below the recent swing low to protect profits and mitigate potential losses.
BITGET:ONDOUSDT Currently trading at $1.68
Buy level: Above $1.5
Stop loss: Below $1.175
Target : $4
Max Leverage 3x
Always keep Stop loss
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ONDOUSD: Healthy uptrend after a Golden Cross.ONDO is on an excellent bullish 1D technical outlook (RSI = 65.296, MACD = 0.229, ADX = 55.368) as it is extending the very healthy balanced bullish wave of the 12 month Channel Up. The formation of the 1D Golden Cross will enhance this uptrend and technically can push it just over the 0.786 Fibonacci level, which is our target (TP = 3.000), which is what happened during the first bullish wave of the Channel Up.
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