Minimalist15

ontology beginning to bounce back

Long
Minimalist15 Updated   
BINANCE:ONTETH   None
Ontology has touched the only trend line that I can honestly spot. It won't necessarily be the one it uses long term, but having only so much data I took this as the main trend line. Fib retracement, along with main support levels, tells me that it could drop below the trend line up to .00606 +/- . Looks like a nice entry point. Wait for the price to test the 200 ema and have a clear signal that it's taking off. If it doesn't the next support is at .00457, which is also on the fib retracement. I will post in the comments, also how the tdi, RSI stochastic and Adx is looking..make sure to check those as well
Comment:
I also forgot to mention that the 200 ema was tested, with out the ability to push through. It will be tested again soon.
Comment:
As we can see, the elliot waves have finished the correction (according to me). If the last point C is not placed right, only time will tell..that's why I'd keep an eye on ONT. Again if the entry point is not this one, it's at .00457
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