$ONDS so far again reject the weekly 8 EMA and closed below it.
We can also see a rejection off the 0.5 - 0.618 FIBS.
Level to watch will be the weekly 21 EMA at $9.14. Lose that level and a move below $8 with a potential lower low could come in.
Despite $ONDS signing many more new deals, price action couldn't reclaim the weekly 8 EMA.
Also this week $ONDS was not successful in Gauntlet I of the Drone Dominance Program.
We're still at Triple Pink Diamonds on the daily - weekly Pink Diamonds so we have to remain cautious.
Will update once we get a Blue Diamond! 🔷
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