ONDO/USDT – Potential Breakout from Bullish Triangle Formation
Description:
ONDO is currently forming a bullish symmetrical triangle on the 4H chart, following a successful breakout from a falling wedge pattern. The price is consolidating and appears to be building momentum for a potential sharp move to the upside.
A breakout above the $0.90–$0.942 resistance zone, backed by strong volume, could trigger a rally towards $1.01, $1.08, and potentially $1.17 in the medium term. Watch for a significant volume spike and a strong bullish candle to confirm the breakout. Key support levels lie at $0.776 and $0.751.
Technical Indicators:
Bullish price structure
MACD showing potential bullish crossover
Volume currently decreasing, indicating market waiting for a decisive move
Breakout confirmation is crucial. Stay alert and manage risk accordingly.
Description:
ONDO is currently forming a bullish symmetrical triangle on the 4H chart, following a successful breakout from a falling wedge pattern. The price is consolidating and appears to be building momentum for a potential sharp move to the upside.
A breakout above the $0.90–$0.942 resistance zone, backed by strong volume, could trigger a rally towards $1.01, $1.08, and potentially $1.17 in the medium term. Watch for a significant volume spike and a strong bullish candle to confirm the breakout. Key support levels lie at $0.776 and $0.751.
Technical Indicators:
Bullish price structure
MACD showing potential bullish crossover
Volume currently decreasing, indicating market waiting for a decisive move
Breakout confirmation is crucial. Stay alert and manage risk accordingly.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。