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OVERALL TECHNICAL ANALYSIS ONDO/USDT
Combining Price Action with EMA (7, 25, 99), MACD, Volume, RSI, Bollinger Bands, Fibonacci Retracement
4H frame (Mid-term) The price is near EMA(7) and EMA(25), close to EMA(99). If it breaks EMA(99), the uptrend will be stronger. EMA(7) and EMA(25) are heading upwards, signaling a continuation of the uptrend. MACD cuts up strongly, positive histogram => Strong momentum increase. RSI ~ 70, starting to enter overbought territory, may face short-term selling pressure. Bollinger Bands: The price expands upwards, a correction towards the middle band (~1.09 USDT) may occur. 🔥 Medium-term signal: The trend is upward but may experience a short-term correction before continuing.
1D frame (Long term) The new price exceeds EMA(7), EMA(25) but still below EMA(99) (~1.23 USDT), this is a significant resistance. MACD has a bullish crossover signal, but the histogram is still weak. RSI ~ 55, still has room to rise but not really strong. Bollinger Bands: Price touches the middle band, it may continue to rise if it holds above 1.09 USDT. 🔥 Long-term signal: Need to break EMA(99) (~1.23 USDT) to confirm the long-term uptrend.
1W frame (Overall trend) The main trend is still downtrend, the price is recovering but has not broken EMA(25) (~1.70 USDT). MACD is still below 0, no clear reversal signal yet. RSI ~ 45, still in the weak zone. Bollinger Bands: The price is close to the lower band, it may bounce back but cannot confirm a long-term uptrend yet. 🔥 Overall signal: The main trend is still downward, this could be a short-term rebound before continuing to decline.
Summary of the assessment 📌 Short-term trend: Upward but may experience slight correction. 📌 Mid-term trend: Increase but need to surpass 1.23 - 1.25 USDT to confirm. 📌 Long-term trend: Still in downtrend, need to break 1.70 USDT to confirm reversal. 📢 Proposed strategy: Buy when the price exceeds 1.25 USDT or buy around 1.09 - 1.015 USDT if adjusted. Cancel the order if the price breaks down to 1.09 USDT. Take profit at 1.45 - 1.70 USDT if the price successfully breaks the resistance.