ONDOUSD trade ideas
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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ONDO/USD:Buy Zone for Bullish Continuation Targeting New Highs!1. Instrument Identification
Instrument: ONDO Finance / USD (OND/USDT) from Coinbase.
Time Frame: Daily chart (1D).
2. Trend Analysis
Current Trend: Strong uptrend, indicated by:
Recent Break of Structure (BoS) to the upside.
Higher highs (HH) and higher lows (HL) forming.
Significant bullish momentum with strong impulsive candles, suggesting institutional order flow is favoring upward movement.
3. Key Levels
Key areas based on the SMC/ICT framework:
Premium and Discount Zones:
Premium Zone: Above the equilibrium (1.949), identified as a high-probability reversal or selling zone.
Discount Zone: Below the equilibrium (1.113), considered optimal for buying in line with the bullish trend.
Resistance Levels:
Previous Day's High (PDH): Around 1.949, where liquidity might be resting.
Weak High: This high is likely to be taken out, as the trend indicates strength to the upside.
Support Levels:
Previous Week Low (PWL) and equilibrium around 1.113 serve as a demand zone and retracement target if price revisits lower levels.
Change of Character (ChoCh):
Bullish ChoCh confirmed as price broke above the previous significant swing highs, signaling a shift to a bullish structure.
Liquidity Pools:
Buy-side liquidity is likely above the weak highs, making the PDH a magnet for price.
Sell-side liquidity exists below the PDL and the previous swing lows.
4. Actionable Recommendation
Recommendation: Buy on Pullbacks (Bullish Bias)
Justification:
The price has broken structure to the upside (BoS), indicating institutional buying pressure.
The equilibrium and 0.618 Fibonacci retracement levels (1.113) are in confluence with a bullish order block.
Weak highs above PDH suggest liquidity resting there, making them a logical target for the bullish move.
Entry Strategy:
Look for a retracement to the discount zone (around 1.275โ1.113) or a reaction at the equilibrium.
Confirm entry with bullish rejection patterns or lower-timeframe breaks of structure aligning with the daily trend.
Take Profit (TP):
TP1: 1.949 (Premium Zone and PDH).
TP2: 2.315 (-0.272 Fibonacci extension).
Stop Loss (SL):
Below the swing low or invalidation zone at 1.113.
Alternative Play (If you want immediate action):
If the price breaks above the PDH (1.949) and shows strong momentum, consider a momentum breakout trade with tight risk management.
ONDO making a parabolic move here. Itโs difficult to call what ondo just broke upward from a cup and handle because the handle is extremely small even on small time frames as small as the 1hr timeframe, however there is some bullish confluences that if you treat it the same way you would treat a cup and handle to ensure the breakout target, you find that the target is exactly at the 1.618 Fibonacci level which is a very common breakout level that things tend to climb two when the breakout up from a previous pattern and surpass their previous highs. Due to this confluence. Think we have enough to go by here to make a rough speculative guesstimate at least of what price target ondo may currently be heading towards. *not financial advice*
Ondoโs parabolic move on the 1day chartThis is the same chart I jsut posted except this time itโs shown here on the 1day timeframeโ Itโs difficult to call what ondo just broke upward from a cup and handle because the handle is extremely small even on small time frames as small as the 1hr timeframe, however there is some bullish confluences that if you treat it the same way you would treat a cup and handle to ensure the breakout target, you find that the target is exactly at the 1.618 Fibonacci level which is a very common breakout level that things tend to climb two when the breakout up from a previous pattern and surpass their previous highs. Due to this confluence. Think we have enough to go by here to make a rough speculative guesstimate at least of what price target ondo may currently be heading towards. *not financial advice*
Ondo: The Future of Tokenized AssetsTechnical analysis suggests that Ondo's price may be on the verge of a bullish breakout. This could signal significant growth potential for the ONDO token in the near future.
Ondo Finance is revolutionizing the financial landscape by tokenizing real-world assets. This innovative platform allows users to invest in previously inaccessible opportunities, like U.S. Treasuries or real estate, through the power of blockchain technology. As the world embraces decentralized finance, Ondo is poised to play a pivotal role in shaping the future of the financial industry.
ONDO up 600% since Feb, Currently Outperforming BTC Based on the solid growth trend of ONDO, along with the RWA narrative and BlackRock backing, I believe this token will continue to grow to new all time highs.
My strategy:
-Buy at $1.33
-Sell 30% when it reaches previous ATH of $1.48 (market cap SEED_TVCODER77_ETHBTCDATA:2B ).
-Sell 30% when price reaches $1.88 (market cap $2.5B).
-Sell 30% when price reaches $2.30 (market cap SEED_TVCODER77_ETHBTCDATA:3B ).
-Set Stop Loss at $1.17 which is the 100-day EMA.
Ondo dailytime frame idea longtermHeres my analysis on daily time frame for ONDO. This coin I believe will be the leader for the RWA class of web3. Yesterday i drew up that trendline from the ATH down and was watching the price touch that trendline then reject. Im curious as to what will happen next I left some notes on the chart to give you a idea of what im seeing. Have a great day share yours thoughts!!
ONDO - Fib ExtensionsOndo - ONDO
Sitting in the real world tokensiations of assets category, ONDO is technically already above this key 0.618 โgolden-ratioโ 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.
ONDOOndo Finance is a decentralized finance (DeFi) platform that offers risk-isolated, fixed yield loans backed by yield-generating crypto-assets. It aims to bridge the gap between traditional and decentralized finance by providing institutional-grade financial products and services to everyone. The platform focuses on introducing innovative products like tokenized Treasuries and a stablecoin-like token OMMF, which is backed by conventional money market funds.
Recently, Ondo Finance has been making strides in the DeFi space by integrating with platforms like Blackrock's tokenized fund BUIDL, contributing to the growth of its assets under management. It has also launched a cross-chain solution inspired by Circle's Cross-Chain Transfer Protocol, facilitating the movement of Ondo Tokens across blockchain networks.
Ondo Finance is backed by notable investors and has seen significant developments in the past month, including the introduction of new products and partnerships. The platform is designed to be permissionless, allowing users to interact on a peer-to-pool basis without intermediaries. Its mission is to make financial products more accessible and efficient by leveraging the best of traditional finance and blockchain technology.
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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