The price of Ontology has been correcting in a bull flag. I have labeled the correction using Elliott Wave principals and I think this is going to be a WXY correction after which the price is going to surge. An alternative scenario would be if we see another impulse and a correction which would be another X and a Z wave, but in both cases, I see the price breaking out from the upside as both Y or Z wave end on the support.
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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.