Ontology (ONT) - Bullish divergence

BINANCE:ONTUSDT   Ontology / TetherUS
On the above 3-day chart price action has corrected an astonishing 95% since mid 2021. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence as measured over one month. Looking left 10 is highest number of oscillators to print positive divergence with price action.

3) Price action prints a double bottom on past support.

4) The Bull Flag breakouts forecast the approximate targets and order. Shall identify them elsewhere when printing reversal signals.

Is it possible price action continues lower? Sure.
Is it probable? no.


Type: trade
Risk: <=6%
Long Timeframe: Act this month
Return: See chart!


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Allow 3-6 months on ideas. Not investment advice. DYOR

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