Extending yesterday's analysis of #ONDO , the result is indeed wrong, but the idea is worth referring to
First of all, there was an "N" structure on the market at that time, and the new market did not break the previous high. Someone in my community asked if it was possible to go in waves? I drew a wave structure comparison on the right, and it was obviously not
Why? Because the third wave did not reach a new high, and closed with an upper shadow line, which is why I judged that an M top might appear
Add the resonance of the waistline of Fibonacci and M top patterns and the second dead cross of MACD, and the convergence of multiple indicators in my system, and I really can't draw a conclusion to go long
Now we can see from the indicators that it has been invalidated. The line is moving randomly. If you say it is diverging, it is actually not diverging now....