ONT: Trade the BREAKOUT opportunity [ONT/BTC]
Potential textbook breakout could occur, watch for breakout and act appropriately.
Things to note about this chart, EMA's confirm the pattern- the price action is nice, it is nicely squeezed too.
This isn't an immediate buy, as alt breakouts are rare this could not breakout and hit the bottom of the wedge and then breakout either way. (the second target)
Tread cautiously, BTC could execute this with a sudden blow. This is why we like the 1hour charts, less chance of an execution to scald you.
Current candle not looking super bullish but too early to call.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Things to note about this chart, EMA's confirm the pattern- the price action is nice, it is nicely squeezed too.
This isn't an immediate buy, as alt breakouts are rare this could not breakout and hit the bottom of the wedge and then breakout either way. (the second target)
Tread cautiously, BTC could execute this with a sudden blow. This is why we like the 1hour charts, less chance of an execution to scald you.
Current candle not looking super bullish but too early to call.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Comment:
Forgot to add, sufficient volume needed! :D
Trade closed: target reached:
Well done to those who enjoyed their 13% gains. :)