ONT bear run over, enjoy the short sharp dip. =]
Fractal playing out very similar to the 3 previous dips. The 1st dip saw a retracement of 0.382, 2nd at 0.618 and I am proposing a 3rd at 0.786. The 3rd fractal seems to be playing out a lot faster than the previous 2 which may cause a faster dip to fill our bags. RSI on the daily is oversold, and considering ONT's performance over the last few weeks a healthy correction is due.
The fractal looks better on the 4-hour chart and there is a clearly visible pattern. I'm predicting a retracement to the higher levels of 60k - 75k sats. To further add to the bear play a series of hammers have occurred on the 4-hour chart indicating an increasing bear strength
- Not financial advise just my subjective opinion
The fractal looks better on the 4-hour chart and there is a clearly visible pattern. I'm predicting a retracement to the higher levels of 60k - 75k sats. To further add to the bear play a series of hammers have occurred on the 4-hour chart indicating an increasing bear strength
- Not financial advise just my subjective opinion
Comment:
we are forming a head and shoulders on the 4-hour chart, the right shoulder is forming. if we break we could drop. Also, the sell walls look exactly the same as previous high so proceed with caution
Comment:
Great little play :)