Chibuike_Odoh

ONTUSDT (ONTOLOGY) - POTENTIAL BREAKOUT

Long
BINANCE:ONTUSDT   Ontology / TetherUS
ANALYSIS πŸ”Ž
- ONTUSDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- The ascending triangle has one horizontal resistance and two inclined supports : inclined support 1 (inner) and inclined support 2(outer).
- Price action is currently bounded between the horizontal resistance and inclined support 1 (inner).
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.

TARGETS 🎯
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support 1 (inner).
- This setup invalidation will lead to a retest of the inclined support 2 (outer).

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nice
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