ONT is currently forming a lower high compared to the 6.70 area from last week. It's dropping lower versus Bitcoin in this moment, it should go lower as bitcoin is expected to drop later on. I think the buy zone is pretty large but will be rewarding anyway. 3$ psychological but it could be a bit higher obviously.
Note
invalidated as ONT broke up from the wedge.
Note
testing old resistance line as support right now
Note
if the support hold and btc goes up for another day I would consider buying here to sell around the 7 area.
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.