My thorough analysis of ONT (Ontology) - Levels to watch
Updated
Lately with the market still in the accumulation phase I've been employing a general strategy which is best explained within the chart itself. I'm extremely bullish on ONT long-term, though I suspect and kinda hope that it will come down at least close to the area I labelled as "optimal accumulation zone" before making it's way up to the cloned fib retracement. Just areas to watch as a guide for anyone to help decide whether to be bullish or bearish at any point.
Note
Falling wedge inception. A breakout to the upside from the innermost triangle would likely be considered a breakout of the middle falling wedge...Note
Correction: meeting the upside target of the innermost triangle would likely be considered a breakout of the middle one.Note
An updated version of my short-term outlook. Still well under my "optimal accumulation zone" determined near the top... Also, there is confluence here with basing a "trend-based fib time" on the innermost falling wedge and basing one on the little bullish harmonic I eyed last night. Bitcoin is currently looking good enough in the short-term($6430 at coinbase) to bring on a serious altcoin rally starting any minute now...
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