ONT/USDTether Just have to play the breakout
Ontology on binance has formed this awesome pattern. Without too much price history your at the mercy of the pattern. it seems to be a bullish symmetrical triangle. either way set your alerts and when they go off be ready to go long or short. This coin has seen a lot of downside since its intro on binance to the usdtether. i wouldnt be surprised to see the bulls take this one especially with money starting to pour back into crypto. the price action on this 4hr chart is hovering at the 200 ema. On the daily chart its still below the 200 ema so it might see resistance when it gets there on the daily.
The macd and rsi are hovering in the middle so not really any help there until it gets to the apex of the triangle
A break out of this pattern is close so have your $$$ ready. i laid out a possible roadmap if it breaks to the upside. goo luck and happy trading.
Note. Most cryptos hit the 2.1 fibonacci extension for their 5th elliot wave from my experience. Stocks usually hit the 2.618 extension
thanks for your time!
Rigo
The macd and rsi are hovering in the middle so not really any help there until it gets to the apex of the triangle
A break out of this pattern is close so have your $$$ ready. i laid out a possible roadmap if it breaks to the upside. goo luck and happy trading.
Note. Most cryptos hit the 2.1 fibonacci extension for their 5th elliot wave from my experience. Stocks usually hit the 2.618 extension
thanks for your time!
Rigo