ontology beginning to bounce back
Updated
Ontology has touched the only trend line that I can honestly spot. It won't necessarily be the one it uses long term, but having only so much data I took this as the main trend line. Fib retracement, along with main support levels, tells me that it could drop below the trend line up to .00606 +/- . Looks like a nice entry point. Wait for the price to test the 200 ema and have a clear signal that it's taking off. If it doesn't the next support is at .00457, which is also on the fib retracement. I will post in the comments, also how the tdi, RSI stochastic and Adx is looking..make sure to check those as well
Note
I also forgot to mention that the 200 ema was tested, with out the ability to push through. It will be tested again soon.Note
As we can see, the elliot waves have finished the correction (according to me). If the last point C is not placed right, only time will tell..that's why I'd keep an eye on ONT. Again if the entry point is not this one, it's at .00457
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