Ontology suffered a dagger this morning along with the rest of the crypto market. The 4HR inside bar broke, and broke through the (red) uptrend line with it. Now we are looking to hold the current inside bar, and a bearish break would likely result in another major leg down.
Support
2.00 (Psychological)
1.93 (not major)
1.78 (major)
Set a tight stop loss, and let's see if the bulls can regain control.
Support
2.00 (Psychological)
1.93 (not major)
1.78 (major)
Set a tight stop loss, and let's see if the bulls can regain control.
Comment:
Found support at 1.96 and holding for now. Still bearish momentum on the 15 min time frame. Need double higher high, higher low to change momentum and zoom back out to the 1HR.