Long

Looking for ONT breakout

Updated

ONT is moving along in a big symmetrical triangle which almost saw a breakout yesterday but was rejected. Its still moving under the cloud but its thinning out and is predicting a kumo twist in the coming days. I will be looking got a break out above the triangle, kumo cloud, and a tk cross on the 4 hour which looks plausible.

Note

breakout of triangle confirmed, Bitcoin is still sketchy so i would put a stop loss around 84 but you could risk getting shaken out if btc drops even like 2 percent. My target is around 11.

Note

if you wanna be extra safe wait for the tk cross and support above the cloud.

Note

i sold. now looking for a pull back then will enter the cup and handle for new highs :)

peebz

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