ONDO Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ONDO has dropped nearly 66% from its all-time high and is currently holding support at $0.652. With the recent rebound and the current price at $0.758, ONDO is likely to reach the resistance trendline at $0.902.
A breakout above the resistance trendline will signal a further bullish move. ONDO must maintain the support level to keep the price steady. We will re-analyze the chart if the price closes below the support trendline.
Key levels:
- Support: $0.652
- Primary Resistance: $0.902
- Target: $1.49 (All-Time High)
- Invalidation: A daily close below $0.652
DYOR, NFA.
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ONDOUSDT
Is ONDOUSDT Heading for a Major Downturn? Key Levels to Watch!Yello, Paradisers! Are we about to witness a significant move in #ONDOUSDT? Let’s break down the current situation.
💎#ONDO has broken the ascending channel support, indicating a potential bearish momentum. The price recently bounced off the demand zone at 0.9, suggesting a possible upward retest before continuing its downward movement.
💎If the price breaks below the 0.9 demand zone, we could see a further decline towards the strong demand area at 0.687, and potentially even lower to the OB area around 0.48.
💎However, if ONDO manages to reclaim the price above the ascending channel support and breaks the resistance at 1.295, this would invalidate the bearish momentum. In this case, the price has the potential to continue its upward movement.
Stay sharp, traders, and keep these critical levels in mind as you navigate the market.
MyCryptoParadise
iFeel the success🌴
$ONDO going bananas!ONDO retested its higher timeframe demand, only to run it back full speed.
ONDO is now up 48% today! This one recover strong on this bounce.
Interesting chart on ONDO, $0.62 to $0.57 seems like a good area to bid and a perfect zone to attempt a swing if it holds this support
It is backed by Coinbase and Pantera, does business with Blackrock itself (the King of RWA!)
ONDO UPDATE (12H)This analysis is an update of the analysis you see in the "Related Ideas" section
According to the previous analysis, we were in the F wave of Diametric, and the price hit the red range of the previous analysis and was rejected downwards.
But what is on the chart, the F wave developed and took more time so now the G wave can have a good launch power. The price has recently entered the G wave.
When ONDO reaches the first target, save some profit and place the stop on entry.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#ONDO/USDT#ONDO
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 0.9200
We have a tendency to stabilize above the moving average 100
Entry price 0.9300
First target 0.9613
Second target 0.9925
Third target 1.03
ONDO buy setupONDO is doing internal pullback.
The larger structure is bullish. Therefore, we can look for buy/long positions in demand areas.
By maintaining the green range, it can move towards the targets.
We have specified the targets on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
The Next Big Move for ONDOUSDT: Will It Soar or Dive?Yello, Paradisers! Is #ONDOUSDT gearing up for a major move, or are we on the brink of a downturn? Let’s dive into the details to keep you ahead of the game.
💎#ONDOUSDT has been one of the standout performers, showing remarkable resilience during the recent market correction. The asset has been navigating a falling wedge pattern and has recently broken above it. Currently, #ONDO is aiming to retest the upper resistance of the channel, which has now turned into support.
💎A bullish breakout is promising, but a successful retest will reinforce and confirm this breakout. This retest of the upper resistance turned support is crucial for validating the bullish sentiment.
💎If ONDO falls back into the wedge, it’s likely to retest its support at $1.08. This level will be a key indicator of ONDO's strength and a failure to hold here could signify a potential decline.
💎Should the macro market sentiment turn bearish with significant selling pressure, ONDO might revisit its liquidity-packed area and strong medium-term support between $1 and $1.02. This zone is critical as it has historically provided substantial support.
💎However, if this critical support zone fails to hold, ONDO could turn bearish and continue its downward trajectory. The overall market sentiment and Bitcoin's movement will significantly influence #ONDO's price action, so keep a close eye on these factors.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
ONDOONDO / USDT
ONDO one of few coins that showed strength in current boring / bearish season
Its being accumulated in falling wedge and above MA / bullish trendline since long time
As long as these bullish patterns are holding priority is bullish
The best approach for buying it if market give us another dip towards the trendline then a bullish bounce with easy invalidation at that point or after breakout confirmation of the falling wedge overall looks bullish
ONDO looks bearishWe have a bear CH on the chart. The price then moved back up and swept the sell orders.
It seems that now the price can be rejected towards the lower areas.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
The key is whether there is support near 1.3627Hello, traders.
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The key is whether there is support near 1.3627.
We need to check whether it can rise along the short-term rising channel after passing around June 15-21 (maximum June 14-22).
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If it fails to rise above 1.3627, we need to check how it moves after passing the trend reversal channel.
Be careful when trading because the trend reversal channel can fluctuate greatly.
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If it falls below the Fibonacci ratio of 0.5 (1.1109) ~ 0.618 (1.2093), it is expected to turn into a downtrend.
At this time, we need to check whether there is support near 0.9010.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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How to understand the current market⚙️ Guide to Understanding My Recent Posts
Market Overview:
- Coins with Recent Runs: Coins that have had a nice run are now making lower highs on the macro charts and are tanking now.
- Coins Holding Strong: Coins that didn't have a significant run are holding strong in their accumulation phases.
Specific Insights:
- #BTC is stable, but #ETH looks even better. Capital rotation is underway.
- I am not bearish on the market overall. My posts might show a bullish ETH chart and bearish short-term charts for RNDR, ONDO, and some others. This doesn't mean these coins are dying; rather, they are correcting after their significant runs.
- Many altcoins look bullish, meaning they are good for accumulation. Conversely, some look bearish, indicating that one might wait for lower levels to accumulate or start DCA from current levels to 30% lower. Many altcoins are out there screaming for a pump.
- The market has been moving selectively from the start. Some coins will cool off while others are ready to heat up. It's the key to understanding the market dynamics. I hope this clarifies something.
Now, we are moving to ONDO as an example.
Marked zones are areas where you can accumulate. In a bull market, we should buy at support levels. The first one is done.
New King of RWA ---- ONDOThe RWA track is one of the most popular tracks in 2024. Especially after Trump expressed support for crypto and the approval of the ETH ETF. Traditional large asset management such as BlackRock and Franklin Templeton will pay more attention to this track. We also talked about token MKR, GFI, etc. in RWA track in our previous analysis. Today we take a look at the head protocol ONDO.
The entire RWA track has been developing slowly due to regulatory restrictions before. Market share is concentrated on MakerDAO. Since the BTC ETF was successfully approved at the beginning of this year, ONDO has quickly occupied mainstream chains such as Ethereum and Solana with its RWA products such as USDY and OUSG. In April, it reached a cooperation with BlackRock's BUIDL fund and holds a large number of BUIDL shares. This has a lot to do with ONDO's team composition. Different from traditional protocols, the core members in ONDO have working experience in traditional institutions such as Goldman Sachs, McKinsey, and BlackRock, which MakerDAO does not have.
Now that ETFs have been approved, more and more institutions are getting involved with crypto. They need an interest-bearing stablecoin with extremely high compliance and security. ONDO’s USDY meets the needs. Although MakerDAO occupies a large market share, ONDO is likely to surpass it and become the new king of RWA.
After a long period of fluctuation, bulls strengthened and ONDO started a new rise. As can be seen from the indicator area, at the 4h level, the TSB indicator prompted a BUY signal on May 21,, and then the pump started. If you used the TSB indicator and opened a long position, you would have made over 40% of unrealized profits. And the current column still remains above the wavy area, and the bullish trend is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ONDO long-term trade setup.Hello traders,
ONDO recently broke above the resistance and is gearing up for another potential rally. Previously, when ONDO broke above the resistance, it rallied 260%, and currently, we can see a similar move taking place.
Accumulating ONDO between $0.70 and CMP can be considered.
Do your own research before investing.
#ONDO BREAKOUT THIS BULLISH PENNANT PATTERN!#ONDO Breakout this bullish pennant pattern and currently retesting the support, and then we can expect a potential rally. Technically, as per the pattern, we can expect almost a 150% rally.
Entry: CMP and add more up to $0.848
SL: $0.77
DYOR, NFA
#Crypto LSE:ONDO
$ONDO HAS NEVER BROKEN THIS RESISTANCE | ATH SOON | LONGOndo Finance has never broken this bottom resistance in this multi-tier ascending channel I have been tracking. I admit, my chart is messy and complicated. I have been tracking many patterns here, but all of them are bullish.
ONDO has been resilient during this current Bitcoin crash and recovery. The price has continued trading in a range from the.60s to $1. Finally, it has stabilized in the.75–.90 range. The price is coming much closer to testing the bottom resistance line of the channel, which has never broken.
I am bullish on the price of ONDO, but it will depend on overall market sentiment. Whether up or down, I know for sure that a large move is coming. Wait for a bounce and confirmation to enter a long position or to buy a spot position. A breakout here would send us up to ATH's around 1.05.