ONT-BTC pair Trade Idea

ONT-BTC broke out of Falling wedge with good volume.

There is seems to be small resistance at the breakout. Failed to cross it on first attempt previously.

RSI is Rising steadily

MACD crossed Bullish on Daily

SBS indicator is flashing BUY signal on Daily

I would wait for ONT to close above to resistance with good volume as confirmation of reversal to get it

Targets are on the Chart

SL - Previous Swing low

Trade active

Comment:

Target 1 hit.
ONT- Retest the resistance and wen up to Target .
13% Profit.

SBS yet to signal SELL.
Target 2 is achievable once ONT needs to close above EMA.

Comment:

After hitting target 1 ONT retested the diagonal support and EMA on 4 hrs chart. ONT broke out on 4 hrs chart. Bought some more at the break out.
Daily chart yet to signal SELL.

Trade closed: target reached