$ONON
Added 2023-11-27 19:22:02 +0000 UTC$ONON is positioning itself for a move here, the price has been able to stay above the trend line and 50 Day MA but has still yet to break above the 200 Day MA at $28.80.
This will be a very important level to break out of and flip this level to support, if successful, this can run almost 20% quite quickly to our Wave 3 target at the 1.618 Fib at $33.50.
A rejection at the 200 Day MA could see this structure break down.
RSI and MACD are favouring the bulls with positive momentum to the upside.
