ONT is just finished the downtrend and is reversing the trend!!!
Hello Lads and Ladies,
Looking at ONT we just saw a breakout from the descending triangle. The pattern that ONT has is very clear - 3 increasing spikes followed by 3 decreasing spikes. A few moments ago the descending triangle was completed and directly followed by a short breakout. Now we are entering the trend reversal phase in a elliptical move upwards. The first target lies slightly above the last second decreasing spike - 0.0010500 sats. From there on the second target will be around 0.0015000 sats, followed by short break and then the third push which is historically almost 100% above the last third increasing spike. According to that this would be at 0.0024000 sats, anyhow I would take biggest chunk out at 0.0020000 sats.
Cheers, Tomas
Looking at ONT we just saw a breakout from the descending triangle. The pattern that ONT has is very clear - 3 increasing spikes followed by 3 decreasing spikes. A few moments ago the descending triangle was completed and directly followed by a short breakout. Now we are entering the trend reversal phase in a elliptical move upwards. The first target lies slightly above the last second decreasing spike - 0.0010500 sats. From there on the second target will be around 0.0015000 sats, followed by short break and then the third push which is historically almost 100% above the last third increasing spike. According to that this would be at 0.0024000 sats, anyhow I would take biggest chunk out at 0.0020000 sats.
Cheers, Tomas
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