Alikze »» ONDO | Movement in the descending channel

9 июл.

🔍 Technical analysis: Movement in the descending channel

- According to the analysis presented in the previous post, after breaking the major ceiling, it continued to grow until the middle of the channel.

- Currently, it has faced correction in the daily time frame after the break of the medium-term ascending channel.

- Now it is moving in a descending channel, which after reacting to the major ceiling several times, faced increasing selling pressure, which finally broke it down after forming a corner pattern.

- Now, in the area where the movement originates, there is a relative demand, which can have a pullback with a broken structure, and if the selling pressure continues, it will continue to correct until the green box.

💎 Alternative scenario: if it can break the supply area, it can continue to grow up to the range of 1.17 and then up to 1.36.
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ONDOUSDT

10 июл.

Заметка

According to the route, it has grown by more than 10 % to the area, which can be awaited to continue the trend in the area.

5 авг.

Заметка

According to the predicted movement path, it touched the bearish target after failing to stabilize above the supply zone.