ONT-BTC pair Trade Idea
Updated
ONT-BTC broke out of Falling wedge with good volume.
There is seems to be small resistance at the breakout. Failed to cross it on first attempt previously.
RSI is Rising steadily
MACD crossed Bullish on Daily
SBS indicator is flashing BUY signal on Daily
I would wait for ONT to close above to resistance with good volume as confirmation of reversal to get it
Targets are on the Chart
SL - Previous Swing low
There is seems to be small resistance at the breakout. Failed to cross it on first attempt previously.
RSI is Rising steadily
MACD crossed Bullish on Daily
SBS indicator is flashing BUY signal on Daily
I would wait for ONT to close above to resistance with good volume as confirmation of reversal to get it
Targets are on the Chart
SL - Previous Swing low
Trade active
Note
Target 1 hit.ONT- Retest the resistance and wen up to Target .
13% Profit.
SBS yet to signal SELL.
Target 2 is achievable once ONT needs to close above EMA.
Note
After hitting target 1 ONT retested the diagonal support and EMA on 4 hrs chart. ONT broke out on 4 hrs chart. Bought some more at the break out. Daily chart yet to signal SELL.
Trade closed: target reached
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