ONDO has slid from its August high of 0.4284 into a narrow band between 0.335 and 0.358, and is currently being pushed back up toward the resistance at the top of that band.
At 0.354-0.357, four different average-price lines from the 4-hour, 12-hour and daily charts converge with the previous swing high and the retracement level of the recent drop. Resistance stacked this tightly is hard to clear in one attempt.
A 12-hour close above 0.3645 would be the first time since mid-August that the run of five successively lower highs is broken, which is exactly why the stop sits just above it.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
