ONT short trade Short

BINANCE:ONTBTC60

Ontology / BitcoinBinance

Description

⋅ Jun 25, 2018 10:46 PM

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

Comments

koniu57

⋅ Jun 26, 2018 10:31 AM

sory but You are wrong as You showing 1H charts so SRSI is also showed ad 1H on 4H SRSI showing bullish breakout ready for corection and mowing towards next resistance around 94k sat

chives152

⋅ Jun 26, 2018 7:00 PM

@koniu57, I respect your opinion, but it did bounce off my resistance zone and retrace