Oondo hover over POC while bulls defend the double bottom star-news.press/wp

Oondo entered a corrective stage, but the artistic structure remains optimistic. The price is now testing a high -influential support area that can lead to a new upward step.

The last rejection of Oondo (Oondo) of the high resistance of the frame at $ 1.19 led to a high value of the value area, which led to a short -term correction.

In the last selection on Saturday, the distinctive symbol was traded at $ 0.87. The general trend remains, as long as the price procedure exceeds the control point (POC) at $ 0.83. This level now works as a major technical area to see in the direct term.

Main technical points

• POC at $ 0.83 as main support: It is in line with the structure of 0.618 Fibonacci and its structure
• Double bottom capabilities: It is still formed as long as the price remains higher than $ 0.67
• My budget correction: The current decline is a natural decline in resistance in the direction of ascension

The loss of the high value area was the first signal of weakness after rejection at $ 1.19. This area was a previous level of support, but it failed to take the last test. Nevertheless, the price is now approaching about $ 0.83 control, which is supported by technical confluence, including the spread of 0.618 Fibonacci. This makes the area a highly used area for support and possible reflection.

Structurally, the ONDO price procedure is still proportional to a greater bullish narration. A dual -bottom formation appears to be evolving from the high frame support at $ 0.67. As long as the price does not collapse without that area, the pattern remains intact. The successful bounce of the control point will constitute a low bullish structure, and promotes reinforcement and maintaining the dual lower gameplay.

The decisive batch of a $ 0.83 region, especially if it is supported by size, will indicate the re -insertion of the market. This door can be opened to re -test and the final resistance lounge $ 1.19, which currently works as a neck line to form a double bottom. The collapse above this level officially stimulates the pattern and targets the upper resistance at $ 1.56.

It should be noted that despite the correction, the trend remains higher as long as the market continues to print the lowest levels. The last sales process appears to be a natural withdrawal within a continuous upward up environment instead of full reflection. This makes the $ 0.83 region of special importance from a trading and structural point of view.

What do you expect

Oondo is currently trading towards the control point at $ 0.83, which is a decisive level of upward continuation. If this support continues, the next step may be an outbreak of $ 1.19, which officially leads to the stimulating of the double bottom. The failure to keep attention will turn to $ 0.67, but the total structure is still optimistic unless this level is lost.