This is an ONT idea.
ONT just pumped and reached the 1H resistance level.
There are two resistance levels on the way up and two support levels on the way down.
We have two possible scenarios:
Scenario One:
The price will reach the solid resistance level and get rejected to touch the local resistance for confirmation.
Scenario Two:
The price will get rejected, supported locally, and pushed back up again.
As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.
RSI is oversold, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
ONT just pumped and reached the 1H resistance level.
There are two resistance levels on the way up and two support levels on the way down.
We have two possible scenarios:
Scenario One:
The price will reach the solid resistance level and get rejected to touch the local resistance for confirmation.
Scenario Two:
The price will get rejected, supported locally, and pushed back up again.
As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.
RSI is oversold, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
Trade closed: target reached:
TP Reached. Enjoy.
