ondo bullishONDOUSDT SPOTBYBIT:ONDOUSDTshakhitami🔹 Harmonic Pattern (Possibly a Gartley or Bat) The chart shows a clear ABCD pattern, suggesting a potential reversal zone around point D. •A → B → C → D structure is visible. •Based on Fibonacci ratios: •AB ≈ 0.75 retracement (close to Bat or Gartley pattern) •BC ≈ 1.32 extension, which also fits harmonic rules 📌 Point D is around 1.1077, which is likely a resistance/reversal area. ⸻ 🔹 RSI (Relative Strength Index) •RSI is around 50, indicating neutral momentum (not overbought or oversold). •It’s starting to curve upward, which could signal a build-up in buying strength. ⸻ 🔹 MACD •A bullish crossover is visible (MACD line crossing above the signal line). •Histogram turning positive = early bullish signal. ⸻ 🔹 Summary & Trade Scenarios ✅ Bullish Scenario: •If price breaks above 1.1077 with strong volume, it may target 1.15 or higher. •Confirmation needed: candle close above D zone (1.1077) with volume support. ❌ Bearish Scenario: •If price retests 1.1077 and fails, it might reverse toward support around 1.00 or even 0.95. •Watch for bearish divergence or rejection candles near D. ⸻ 🎯 Suggested Strategy: •Long setup: If price breaks and holds above 1.108, target 1.15, stop-loss below 1.05 •Short setup (more conservative): If price rejects from 1.1077, consider short with target 1.00