ONT broke out a few days ago from a triangle pattern. The red line sets forth the breakout target based on the maximum height of the triangle pattern. ONT has already passed the target.
Third turn-away from the top of the new rising wedge pattern. Watch out for a breakout down and keep a tight stop-loss. Thinking 0.00042000 right below the triangle pattern breakout target. Flying in uncharted territories tho and momentum on the RSI has staying above 50 with the MACD still having room to grow based on the previous run a few weeks back. Not ready to cash out yet, but my line is drawn and its tight.
Third turn-away from the top of the new rising wedge pattern. Watch out for a breakout down and keep a tight stop-loss. Thinking 0.00042000 right below the triangle pattern breakout target. Flying in uncharted territories tho and momentum on the RSI has staying above 50 with the MACD still having room to grow based on the previous run a few weeks back. Not ready to cash out yet, but my line is drawn and its tight.
Currently we find ourself back inside the pattern previously mentioned