RSI showing bullish signs right in the fun zone between 40 and 60, and it looks like we are going for the 5th elliot wave before a correction. Take your profits around 22k.
So after drawing some lines we can see support and trend-lines forming. With everyone buying the coins for the Binance give away we can expect high volatility and hopefully a significant rise in coin value.
ONT we don't have much history on this coin so there is only 1 real way I find to trade new charts and I will show you below.
We are currently looking bullish from the indicators we can use, obviously lacking history we can't be certain but from what can be seen on the 4H and the 1H we are building up.
Now you will see the top and the bottom of the channel this...
Hey guys.. expect a short retrace down to the green box highlighted! Hopefully we start wave 3 onwards to our target of 0.00019600 #ont #ontology #binance
if the pattern completes itself, it SHOULD do so at roughly 6pm EST, while going parabolic the last bit to complete right side wall.
It looks better on a 5min chart, but wouldnt let me publish anything less than a 15min
In contact with Binance from coins down by 50-70 percent... At the moment the price reached $ 8 is crazy.
The purpose indicated on the chart, the first target I'm sure will go below...
Don't be a food for whales.
