ABC 3-3-5
ONDO has been impulsive to the downside for quite some time; a 5 wave move. But now price is slightly above a 1:1 window Fib extension of Wave AB. This is an area to look out for a potential wave bottom. This doesn't necessarily mean a reversal but some type of ABC to the upside is a likely outcome.
Selling volume has been drying up but no evidence of RSI bullish divergence on the weekly thus far or any other bullish clues from my main indicators. But this TA suggests further retracement of Wave-C for ONDO. Key levels of support to look out for are between $0.28 & $0.33.
This Publish Is Intended For Educational Purposes Only
✅ Trade here on $ONDO
ONDOUSDT
Perp
0.3201
-6.78%