Ondo’s parabolic move on the 1day chart

Dec 3, 2024

This is the same chart I jsut posted except this time it’s shown here on the 1day timeframe” It’s difficult to call what ondo just broke upward from a cup and handle because the handle is extremely small even on small time frames as small as the 1hr timeframe, however there is some bullish confluences that if you treat it the same way you would treat a cup and handle to ensure the breakout target, you find that the target is exactly at the 1.618 Fibonacci level which is a very common breakout level that things tend to climb two when the breakout up from a previous pattern and surpass their previous highs. Due to this confluence. Think we have enough to go by here to make a rough speculative guesstimate at least of what price target ondo may currently be heading towards. *not financial advice*

Dec 16, 2024

Trade closed: target reached

Target hit with exact precision!

Dec 16, 2024

Note

There is one more higher target here fora bullflag ondo recently broke up from and that price is $2.40. The 1.68 fib level is usually such a strong fulcrum point however that I‘m not gonna keep the position open in hopes we definitely hit the $2.40 target, I do have a long term hodl bag of ondo though that will see those gains.