ONT scenario if BTC doesn't dump like a truck (which may happen).
If the Bitcoin does go down there will be very few if any alts that don't go falling along with the ship. But if btc can even just stay afloat for a while then there is certainly some room for alts to run. (...on water? I mixed my analogies...)
So anyway I'm keeping an eyehole peeled at a key...
looks damn impulsive considering the price dynamics i think that wave (iii) of (iii) of the larger degree is developing, invalidation of this chart would be a break below current support marked in green around 0.70 USD
BINANCE:ONTUSD is behaving nicely in the ascending triangle pattern.
I have no position...watching to see if S/R flips...or another touch at the bottom of the triangle.
If BINANCE:ONTUSD does not break through here I will place a buy order at the bottom of the triangle (black line around the $1 level).
If ont does this, then this. I don't care how far it runs right now I want to catch a possible bottom entry for wave 5. Either that or it just completed a bearish ABC correction. Proven right and wrong on both scenarios will be obvious so safe long possibility. updated thread in comments
Looks of bullish signals on ONT. MACD , 5/12 EMA cross, RSI touching 70, OBV rising. We closed over the 50-day EMA, bumping against resistance at the 100 EMA. We move past that and there isn't any meaningful resistance until we hit the 200 day EMA, currently around 1.58, so serious growth potential on that move. If we reject from resistance, we may see a little...