Nice confluence on ONDO.
We broke market structure when price went above the previous top made on the 20th of Aug. That means we're now looking to go long when a retracement happens.
Specifically, we're looking for a retracement into the following zone of confluences:
A dip into this area would potentially provide a great long opportunity. Set your alert and chill!⏰
We broke market structure when price went above the previous top made on the 20th of Aug. That means we're now looking to go long when a retracement happens.
Specifically, we're looking for a retracement into the following zone of confluences:
- previous range support (green box)
- fibonacci golden pocket (yellow box)
- weekly VWAP (orange line)
- SMA 200 (blue line)
A dip into this area would potentially provide a great long opportunity. Set your alert and chill!⏰
Note
As price moved further upwards, the confluence zone changed. I'm currently interested in a drop towards the:* sma 500
* vwap weekly
* fibonacci golden pocket
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Disclaimer
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.