ONDO: Inverse Head and Shoulders Signals Upcoming Breakout🚀💎 Paradisers, after significant consolidation, #ONDOUSDT is showing an inverse head and shoulders pattern, which increases the likelihood of a bullish move.
💎 If #ONDO breaks above the resistance level and closes a candle above it, this will validate the inverse head and shoulders pattern, and we can then expect a bullish move.
💎 In the case of a pullback, we can expect a bounce from the bullish Order Block (OB) + Fair Value Gap (FVG) zone. Remember that if the price goes below the right shoulder, it will invalidate the inverse head and shoulders pattern.
💎 However, if the price doesn't show any bullish signs at the bullish OB and falls below it, closing the candle below, then it will invalidate our idea. In that case, it would be better to wait for more favorable price action to develop.
