ONDO hit my target briefly after I posted the initial cup and handle, but I have not taken any profit. The reason for this is I believe it will be a huge player for RWA and bond type products on chain. They have the key connections to make it happen, and Coinbase just proved stablecoin volume is massive, 30 trillion in volume. Imagine you could just trade bond yield around on chain with a few clicks, and low fees. Blackrock and friends want this so they can collect amassive volume of fees.
The Chart:
Strong break with a bullish consolidation, the last breakout was a 270% move, I think we get a huge move again. BBWP has cooled off, and momentum is very slowed. My target for March is 3.2
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.