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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get access to the MyAlgo Indicator:
mkast.io/pricing
Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
mkast.io/pricing
Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.