ONDO Update: Possible Wave Count and Final Leg Down ONDO is struggling with the current level, but looks like there is some cyclical reason for a bounce here. The downtrend could be top strong, not allowing the smaller cycle amplitude provide enough push to the upside. This looks like the ideal path for a scenario where there is upside. If we roll over early, then I expect a longer, more drawn out bottom but less of a plunge. If we bounce, we get the plunge at the end. If it continues down, it could go as deep as the 2.618 at 10 cents
Published Apr 20, 2026Updated Apr 20, 20262 min read
ONDO Update: Possible Wave Count and Final Leg Down ONDO is struggling with the current level, but looks like there is some cyclical reason for a bounce here. The downtrend could be top strong, not allowing the smaller cycle amplitude provide enough push to the upside. This looks like the ideal path for a scenario where there is upside. If we roll over early, then I expect a longer, more drawn out bottom but less of a plunge. If we bounce, we get the plunge at the end. If it continues down, it could go as deep as the 2.618 at 10 cents
