Yello Paradisers! Is #ONDOUSDT gearing up for a significant move? Let's break down the current situation and what could be ahead for this pair.
💎#ONDOUSDT has been forming a classic Bullish Gartley pattern, with the D leg now completed, signaling a potential upward move. This pattern, combined with the pair's strong support zone around 0.65978-0.64278, suggests a bullish probability. Historically, this support has been respected, adding weight to the possibility of an upward movement.
💎As the price sits directly on this crucial support after the formation of the Bullish Gartley pattern, the stage is set for a potential rally. If the support holds, we could see the price heading towards the minor resistance at 0.69182.
💎Should the bullish momentum continue, expect ONDO to face a more substantial resistance level at 0.719 and even stronger resistance at 0.77. However, keep a close eye on the volume. A surge in volume could be the key to breaking these resistance levels.
💎But remember, the pattern becomes invalid if the price closes below the X leg and the support at 0.64278. A break below this level would signal a potential shift in the current bullish outlook, so stay alert!
As always, trade smart, Paradisers, and make sure to keep your risk management in check!
MyCryptoParadise iFeel the success🌴
Comment
As we anticipated, ONDOUSDT has reached the first two resistance levels we mentioned in our previous analysis. Now, the million-dollar question: Is this the end of the run, or are we gearing up for an even bigger breakout?
Volume will play a decisive role here. If it ramps up, we might see ONDOUSDT pushing through to higher resistance levels. However, a decline in volume could signal a retracement, giving traders a chance to reassess their positions.
Stay alert and stick to your trading plan—this could be a make-or-break moment.
Trade closed manually
BOOM ! #ONDOUSDT has reached the first Three resistance levels we mentioned in our previous analysis. Rise 16.63%.
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