ONT is forming a sub wave 4 triangle of the primary wave 3.
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. Ontology/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a...
ONT is in a channel with a few outcomes. Wait for the breakout of the upper channel and the subsequent re-test of the upper channel as support before buying. It could break above then fall back below (bull trap).