Congrats to anyone who played $ONT since my last chart, and especially those who bought earlier. My entry didn't quite hit, but you would've made a damn good profit if you got in near the target.
$ONT is clearly overbought and I can't imagine it going much higher for now.
I didn't include it, but we've seem to have completed 5 elliot waves and I'm expecting a correction to the 0.5 fib/0.236 fib/support area in the first green box. Second entry target would be the 0.382 fib/support area in the lower green box.
We could see a cup and handle pattern forming before taking off again prior to the June main net launch (just a guess as to how the correction plays out. But then again, this is crypto so it could just keep going up)
Tentative target is the 1.618 fib around 155k sat range.
Happy trading!
$ONT is clearly overbought and I can't imagine it going much higher for now.
I didn't include it, but we've seem to have completed 5 elliot waves and I'm expecting a correction to the 0.5 fib/0.236 fib/support area in the first green box. Second entry target would be the 0.382 fib/support area in the lower green box.
We could see a cup and handle pattern forming before taking off again prior to the June main net launch (just a guess as to how the correction plays out. But then again, this is crypto so it could just keep going up)
Tentative target is the 1.618 fib around 155k sat range.
Happy trading!
Comment:
looks to be consolidating into a possible triangle
Comment:
ONT had some steam left to go up. However I'm seeing bearish divergences on multiple indicators on high time frames. Moving my entries up to 68~70k range