$ONON
Added 2024-07-03 16:24:57 +0000 UTC$ONON has failed to find support on the 0.38 Fib at $37, so there is no buy alert here yet until support is found
The 50 Day MA is lost now too.
Next test is the 0.5 Fib at $35, which is a perfectly fine level to test and hold support for Wave 4.
The invalidation line is below $32, which would mean an infringement into Wave 1, I suspect the 200 Day MA would move up to offer support before $32 too.
Right now, sit on your hands. No buy yet until there is support confirmed.
Comments
Thanks, ~35.5 level is also the break out level from mid May. I Like the confluence. Definitely on my watch.
laksh_me
2024-07-03 17:18:15 +0000 UTC
