ONT is running in a very nice channel. Expect it to soon hit the orange demand area and break out of the channel and leg up.
This should align with BTC moving up. As always though, all eyes on BTC for next moves.
A trade I took yesterday but was set up much different. I guess I didn't set my SL/TP so I set it right now. Needless to say, this is a trade that is not wanting to go in my direction. Full time frame continuity to the opposite side of my position
ONTUSDT could break in the next 2 to 3 days as it breaks the ascending triangle. It can break in both the direction but if we look at 200MA in 4H timeframe, which is slightly showing an uptrend and also at the Ichimoku cloud which is showing a positive break, we can expect a positive break.
If, after a false breakdown of the level, the price does not roll back and goes into the range, this is a signal of a struggle between buyers and sellers. The side that created the trend and keeps it at the level wins the fight.
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Ontology price is ready to breakout here the resistance it can move higher once breakout above the falling wedge and good close above the resistance
Ontology cryptocurrency price must close above the Resistance and flip the 1.20 zone.
Buy ontology when price close above 1.20 on daily
Stop : 0.87
Target : 1.25 , 1.34 , 1.42 , 1.5 , 1.65