Better scaled chart on the day candles + close up of how i think Ont will move
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Ont is holding to the chart - On the day candle s you can see the price bounced off the first arc pair and is currently in the channel between the 1x4 and 1x5 Gann fib rays - On the 120 min chart you can see the candles are supported by the square bottom and beneath the arc - I expect Ont to fizz around this price for a little while and then continue UP
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Ont isn't hanging around, this is exactly why i said to hold - bull price spike :P
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Ont isn't finished yet, dont listen to the bears - The candles have opened above the 2nd arc pair on the day chart, this means the price is going to the 3rd arc pair or it wouldnt have cleared the 2nd arc pair - Simples *)
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Apologies wrong screenshot, you just got my unpublished ICX chart for free *) - ONT -
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Close up
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Not long now for next leg to start
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Ont has found support on the bottom of the channel on the day candles chart - On the shorter timeframe chart the candles are moving back to the blue 1x1 Gann fib ray which is the major uptrend - We could see another move up from there but breaking the 1x1 would be bearish
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You held yes? Good *)
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Ont could be about to finish the chart - You can see that on previous parabolic moves it was the touch on the 1x3 Gann Fib Ray that accelerated the move - The next candle should touch the 1x3....we will see, looks promising
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Ont looks like its about to breakout
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A mighty consolidation from Ont - The range is now extremely tight, you could not fit another candle in that space - I feel the next day candle will be decisively up or down, probably the same goes for the whole market
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After weeks of consolidation Ont has re-established itself as one of the Alpha Bulls of the market - Resistance around 0.00125 - If the price smashes thru that then it could reach towards 0.0014
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ONT is highly likely to hit the 5th arc where the price often reverses, the only thing that bothers me is its already been there and has 1 fib left...
