ONDOUSDT - TRIANGLE PATTERN BREAKOUT - BULLISH OUTLOOKSymbol - ONDOUSDT
ONDOUSDT continues to demonstrate an upward trend, with periodic cyclical counter-trend corrections. The chart is currently indicating a potential conclusion of the correction phase, suggesting a readiness for further upward movement. A significant consolidation pattern has developed within the context of the prevailing uptrend. In this regard, the price is attempting to break above the consolidation resistance (triangle) and surpass the next key resistance level at 1.538. This level is of particular importance. Should the bulls successfully maintain support above 1.538, ONDO may experience a recovery towards the 1.7–1.9–2.15 range in the short to medium term.
Support levels: 1.538, 1.44
Resistance levels: 1.7344, 1.90
A minor pullback to support, followed by a false breakdown, remains a possibility. However, sustained price consolidation above this level would confirm readiness for upward movement. Entry, SL & Target levels are indicated on the chart.
