Ontology VS Bitcoin Should Go Much Higher

Following the previous idea on ONT/BTC, it has reached and broke the resistance suggesting the continuation of the uptrend. The Fibonacci applied to the corrective wave after breaking above the 2400 satoshis resistance shows that Ontology broke above the 327.2% Fibonacci retracement level and corrected back down to the uptrend trendline. Currently the uptrend trendline is holding and if rejected price is likely to continue going up.

But, if the trendline will be broken, ONT/BTC could correct down, back to the 127.2% Fibs support at 3800 satoshis. In any case the nearest upside target is seen at 7700 satoshis, whereas if broken it should continue going higher and could reach 13.5k satoshis in the short to medium term.

Comment:

Ontology seem to continue the uptrend now

Trade closed: target reached