$ONDO is up 27.32% over 30 days and only down 1.69% this week. i read that as a pause inside a trend.
it's still 20.9 points ahead of bitcoin on the 30d window. the week gave back 3.9 points of that lead, but volume over the last 5 days is 0.57x the prior 20. a dip on thin volume tells me sellers aren't showing up in size.
daily RSI is 57 and Bollinger %B is 0.55, so nothing is stretched. setup score is 8 out of 14, which is decent and not a 12. the daily MACD histogram is still negative, and that's the part working against me.
$ONDO trades at $0.4931 right now. if it holds yesterday's low of $0.4832, i think it pushes back to yesterday's high at $0.5102, about 3.4% away. if it loses $0.4832, i'm wrong and there's nothing to defend. that's roughly 2% below spot, and it's what a long eats.
holds $0.4832 or breaks it, which one?
follow me for more calls like this.
it's still 20.9 points ahead of bitcoin on the 30d window. the week gave back 3.9 points of that lead, but volume over the last 5 days is 0.57x the prior 20. a dip on thin volume tells me sellers aren't showing up in size.
daily RSI is 57 and Bollinger %B is 0.55, so nothing is stretched. setup score is 8 out of 14, which is decent and not a 12. the daily MACD histogram is still negative, and that's the part working against me.
$ONDO trades at $0.4931 right now. if it holds yesterday's low of $0.4832, i think it pushes back to yesterday's high at $0.5102, about 3.4% away. if it loses $0.4832, i'm wrong and there's nothing to defend. that's roughly 2% below spot, and it's what a long eats.
holds $0.4832 or breaks it, which one?
follow me for more calls like this.