đ $ONDO is showing a potential technical setup!
The monthly chart is displaying a prolonged consolidation phase following a macro correction, currently trading near the 0.4098 USDT level.
đ The Technical Setup:
âą The Pattern: Macro Accumulation / Potential Reversal
âą Short-term Target: 1.0000 USDT
âą Macro Objective: 2.4000 USDT
âą Market Structure: Accumulation
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.3000 - 0.4000 USDT
âą Resistance: 1.0000 USDT
âą Breakout Level: 0.5000 USDT
âą Stop Loss / Invalidation: 0.2000 USDT
đ Confirmation:
âą Volume: Standard accumulation range volume visible on the monthly timeframe
âą Momentum: Stabilizing price action following a macro downtrend
âą Trend: Range consolidation forming a base above support
â ïž Invalidation:
A decisive monthly close below the 0.2000 USDT support zone would invalidate the current setup.
Patience is advised as the asset attempts to build a macro base for a potential upward expansion.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#ONDO #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The monthly chart is displaying a prolonged consolidation phase following a macro correction, currently trading near the 0.4098 USDT level.
đ The Technical Setup:
âą The Pattern: Macro Accumulation / Potential Reversal
âą Short-term Target: 1.0000 USDT
âą Macro Objective: 2.4000 USDT
âą Market Structure: Accumulation
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.3000 - 0.4000 USDT
âą Resistance: 1.0000 USDT
âą Breakout Level: 0.5000 USDT
âą Stop Loss / Invalidation: 0.2000 USDT
đ Confirmation:
âą Volume: Standard accumulation range volume visible on the monthly timeframe
âą Momentum: Stabilizing price action following a macro downtrend
âą Trend: Range consolidation forming a base above support
â ïž Invalidation:
A decisive monthly close below the 0.2000 USDT support zone would invalidate the current setup.
Patience is advised as the asset attempts to build a macro base for a potential upward expansion.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#ONDO #crypto #BinanceSquare #tradingview #TechnicalAnalysis
