Get started
chives152

ONT short trade

Short
Ontology / Bitcoin (BINANCE:ONTBTC)  
chives152  
BINANCE:ONTBTC   Ontology / Bitcoin
Support and Resistance Multiple Time Frame Analysis Oscillators Divergence ONT shortsetup swingtrade retracement srsi tdsequential
6
2
supportandresistance mtfa oscillator divergence ont shortsetup swingtrade retracement srsi tdsequential
ONT is currently a good short.
  • it is at horizontal resistance
  • it has a bearish divergence on the 1hr SRSI
  • RSI is nearing overbought region
  • it is currently in an ascending wedge, which is a weak pattern but tends to break down
  • It is in the OTE entry zone for shorting
  • It has a larger bearish divergence on the 4hr SRSI
  • 4hr is on 8 count for Tom Demark Sequential

The daily chart is bullish but pullback is needed, target is .0008-.00084
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.