ONDO - Fib Extensions
Ondo - ONDO
Sitting in the real world tokensiations of assets category, ONDO is technically already above this key 0.618 ‘golden-ratio’ area. Below are my bullish and bearish thesis from here.
Bullish scenario
Prices continue to consolidate, accumulate, and move higher to the previous high, the 1.272 ratio and 1.618 ratio from here.
Bearish scenario
Failure to hold above the 0.618 level (green box) would be bearish in my opinion and a failed breakout.
Sitting in the real world tokensiations of assets category, ONDO is technically already above this key 0.618 ‘golden-ratio’ area. Below are my bullish and bearish thesis from here.
Bullish scenario
Prices continue to consolidate, accumulate, and move higher to the previous high, the 1.272 ratio and 1.618 ratio from here.
Bearish scenario
Failure to hold above the 0.618 level (green box) would be bearish in my opinion and a failed breakout.
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