We think that ONT Finished to form bat pattern and we will start to go up targets you will find on chart
STOP LOSS close daily candle under Buy area
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Here's a sweet Symmetrical Triangle, waves indicated by arrow and Target given by T1 and T2. Mostly chances are with upside breakout...
Blue range determines the Final target. Currently, the market is testing a golden ratio of 0.32.
If pattern breaks then it may probably come to our support range(Purple box)...
Trade with stop-loss
As we have seen as of late, the ONT bulls have been holding the 100MA as major support on the 4HR chart.
Once the uptrend line from the bull wedge broke, so did each of the MA's as support on ALL time frames. And the bears are dancing.
I don't think the bulls are done yet, this is just a price correction and what goes up must come down. Healthy consolidation,...
. ONT/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
. There is a...