Is ONDO Building the Launch Pad for Wave 5?ONDOUSDT SPOTBYBIT:ONDOUSDTRedBaitONDO appears to be forming a triangle, with waves A-D as corrective 3 wave structures. If correct, the current move is the first leg of wave E (wave A of E) The entire triangle can be counted as a potential Wave 4, which would imply a Wave 5 breakout once the pattern completes. The measured move projects roughly 66 cents, which aligns well with common Elliott Wave 5 Fibonacci targets between 51-67 cents, creating a nice area of confluence. ⚠️ Please note: *The polylines are not a representation of the exact future price path, only a visual guide to the expected structure. *Invalidation levels are marked on the chart. *Be aware of the red resistance Fibonacci levels (0.382-0.5), which sit inside the target zone and may provide significant resistance if price reaches that area. *Each Fibonacci target also aligns with major support levels from the 2024-2025 trading range. What was once support often becomes resistance on the way back up. As always, let the market confirm the setup before assuming the breakout is guaranteed. A completed triangle doesn't guarantee a Wave 5 but it's one of the more common outcomes if the count remains valid.