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Long

Ontology: Aiming for the 0.9550 resistance.

BINANCE:ONTUSD   Ontology / US Dollar (calculated by TradingView)
ONTUSD is trading within a Channel Up on the 4H chart since he January 3 bottom.

Levels to watch:

- The MA50 on the 4H chart is supporting so far the uptrend. As long as it doesn't break, the price targets the 0.9550 Resistance 1.
- If the MA50 breaks the pattern makes a pull back for a higher low. This happened in January 19.

Projection:

- This appears to be simple Channel trading. As long as the MA50 holds, we are expecting a higher high on the 0.9550 Resistance, followed most likely by a pull back for a higher low. This is until the Channel Up gets invalidated.


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