ONDO Elliott Wave Analysis

18 Jul

Hi everyone! 👋
I want to share my current ONDO/USDT count on the 4H chart to get feedback from more experienced traders. Any comments, corrections, or tips are very welcome!

🟦 Where I started counting:
Wave (1): Started from around $0.62320 and topped at $0.80318

Wave (2): Retraced to $0.73807, around 36% of Wave 1 — quick and sharp, likely a zigzag

✅ So far, Wave 2 seems shallow and impulsive, which sets up for alternation in Wave 4.

🟩 Wave (3) development:
Wave 3 moved from $0.80318 → $1.09251

Strong volume and price action — fits well with what Elliott Theory defines as a powerful third wave

Wave 3 extension = about 1.6x Wave 1 — matches guidelines

📌 Based on this, I’ve marked Wave (3) completed at $1.09251

🟨 Now: Wave (4) Correction Zone
According to the Elliott Wave alternation rule:

Since Wave 2 was shallow and sharp, Wave 4 is expected to be deeper and more sideways. But BTC ATH bull run panic and hype all can change.

Here are the key retracement zones I’m watching for Wave 4:
| Retracement | Level | Meaning |
| ----------------- | --------------------- | -------------------------------------- |
| **0.382** | $0.98296 | Minor pullback, strong trend continues |
| **0.5** | $0.94884 | Common zone |
| **0.618** | $0.91472 | Deep but acceptable |
| ❌ Below $0.80318 | Invalidates structure | |


🟥 Wave (5) Projection:
Assuming Wave 4 ends shallow or deep, here are potential Wave 5 targets:
| Wave 4 End Price | TP1 (0.618 ext) | TP2 (1.0 ext) | TP3 (1.618 ext) |
| ---------------- | --------------- | ------------- | --------------- |
| \$1.09234 | **\$1.203** | \$1.272 | \$1.382 |
| \$1.04233 | **\$1.153** | \$1.222 | \$1.332 |
I’ll be watching RSI/MACD and volume to confirm when Wave 4 ends before entering Wave 5.

🙏 Open to Feedback!
I’m still learning and really enjoying Elliott Wave theory, so I’d love to hear from the TradingView community:

Do the waves look valid to you?

Would you count this any differently?

Any tips on catching the reversal of Wave 4?

Is the Wave 2 structure truly a zigzag, or am I missing something?

Thanks for reading — and I appreciate any support, corrections, or insights you can share. 📈💬
Let’s learn together!

24 Jul

Dagangan aktif

During the 4th wave correction i observed the B wave of (4th) correction was expanded flat so that means B wave went higher than the top of 3rd wave. And C wave bottomed at 0.9489
Entery on momentum confirmation at 0.9768
SL 0.9450
Inverse 1.618 × Wave 4 ~$1.305 (30% of assets)
Wave 5 = 0.618 of (Wave 1 + 3) ~$1.195 (70% of assets)
AS the prices are always shotting a bit higher and this pull back was deep so i expect this will overshoot but so after the first TP i will be using he trailing SL