Hi guys, talking about ONT again! This token still holding on the support line. ONT form H&S pattern, which the neckline is the strong support line it self. ONT has finish the 5th wave too, so the correction is healthy. The long term outlook still bullish.
There are two scenario as always: 1. If we hold on the support line then we will see another big gain, like what happened everytime ONT hit the support line. 2. If we break the support line (h&s neckline) then my ABC count will be activated.
Eventhough the price is getting cheap since i sell at high, but i don't suggest you to go long before a big confirmation. 1-hour shows bull divergence but 4-hour and daily chart still can go lower.