Priceline of Ontology (ONT) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced...
It looks like we can seperate 2 wave counts, which means a larger 3th wave should be forming right now. It could also take less time for this correction as the coin has gained more status and attention, and clearly more market share. This could be a short, but as I said, I am not sure how the correction will develop... last correction had a 50% retrace, so,...