Hey Binance Square fam! Letâs dive into some friendly, power-packed Elliott Wave insights on ONDO/USDT, following our community vibe and Binance Square guideline. Weâre stripping away credits and making it fun, clean & insightfulâall the way from basics to advanced wave targets! âłâ¨
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đ Live Market Snapshot
Price: Around $0.95â$1.05, ranging within $0.78â$1.05, driven by strong volume (24h ~âŻ58âŻM ONDO / 60âŻM USDT)
volatility: Mixed technical vibesâsome signals turn neutral/sell while key EMAs are being reclaimed
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đ Elliott Wave Story: Riding Wave 5
Teshkidâs wave breakdown is lighting the path âĄď¸ ONDO traced the classic Wave 1â2â3â4 and now appears to be entering Wave 5âthe final push up :
â Wave 1: April swing up
â Wave 2: Short retrace
â Wave 3: Strong upward surge
â Wave 4: Support reset
đ Wave 5: Just kicking inâŚ
đ Targets: Fib 0.618 (~$0.98), next $1.00 resistanceâbreakout above $0.9267 needed ASAP to confirm . A clean break can propel ONDO through the $1.05â$1.10 zone.
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đ Chart Structures & Critical Levels
Across timeframes, multiple bullish patterns & pivots are aligning:
Falling wedge / descending trendline on 2-day: breakout above ~$0.916 suggests potential +100% rally up to $2.05+
Inverse head & shoulders on weekly: neckline break (~$0.90â1.00) could lead to targets at $2.05â2.50
Strong demand zones: $0.78â0.80 (spot); $0.90â0.95 (perp zone); $0.70â0.68 bottom cushion
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đŻ Community Targets & Setups
Bounce setup: Buy around $0.78â$0.80 â take profits near $0.90â1.00, SL <âŻ$0.75
Breakout game: Post close above $0.916â0.9267âtargets $1.11, $1.33, $1.58, and $2.05â2.15 with disciplined stops near $0.83
Elliott wave C upside: If wave C kicks in, ambitious TP at $2.20 â $3.20+ârisk below wave B low (~$0.60)
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â SquareâApproved Trade Plan
Setup Entry Zone Targets StopâLoss
Bounce $0.78â0.80 $0.90 â $1.00 <âŻ$0.75
Breakout Close >âŻ$0.916 / $0.9267 $1.11 â $1.33 â $1.58 â $2.05+ <âŻ$0.83
WaveâŻ5 / WaveâŻC On structure confirmation $0.98 â $1.00 â $2.20 â $3.20+ <âŻwave B low ââŻ$0.60
â Smart tips:
Stagger your entries
Adjust stop-loss quickly to breakeven when in profit
Size risk per trade (~1â2%)
Keep an eye on BTC strengthâalt momentum often follows
Tag #BinanceSquare with your setups for community feedback đ§Šđ
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đ TL;DR
ONDO is forming a technical confluenceâElliott Wave 5, wedge and H&S patterns, and smart support zones. A break above $0.916â0.9267 could spark a move toward $1.11â$1.33, and potentially launch toward $2.00+ if bullish momentum holds. Punchy upside, disciplined risk!
Whatâs your take? Are you bouncing near support, chasing the breakout, or loading for WaveâŻC?
Let's ride these waves togetherâanalyses, charts, feedbackâyour Square fam is here for it! đâ¨
Reminder: Not financial adviceâalways DYOR, trade smart, and manage risk!