The longitudinal wave on Stoch is suggesting that we´re accelerating with the cycle marking the sprinboard for a very big move of ZRX in line with the timing of 8.6-month PI-Cycle of BTC beginning September(I calculated 3rd September 2018).
Currently we have only 50% retracement/profit taking of the initial up move, so we are technically still short-term bullish and just a dip! If we fall below 55% retracement, that´s a bad sign. We´re still in the game.
I´m also excited on the possibility of a 1-2-3-4-5 Elliott Wave on most alts. If we follow ZRX, we are now in Wave 2 and with the accelerating Stoch cycle we have confluence of a shortening of cycles in time, and if ONT is 5 Waves, we definitely could see $5.5 ONT. BTC is then reaching the 8.6.-month PI-cycle and, ONT is pulling back halfways and then decides if it wants to crash or make a new ATH depending on BTCs decision to break out, or break down.