Ondo Finance

ONDO (Daily) Elliot Wave ii Underway

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ONDO appears to have completed a leading diagonal for wave 1 after finding a bottom at the major support high volume node (HVN).

Wave 2 has retraced to the expected alt coin Golden Pocket at the 78.6% retracement tapping high volume node.

The descending resistance line has been tested as support leaving a dragonfly doji but does not look strong enough to be the bottom yet.

Wave 3 should be a powerful move up.

This analysis is invalidated below macro wave 2 -$0.65

Safe trading

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