ONTUSDT Bullish triple missing right shoulder divergence
Updated
ONTUSDT Bullish tripple missing right shoulder divergence
Ontology just shows a bullish divergence on the USDT trading pair on the daily timeframe.
As far as I can see, this one is pretty strong, as we are also on a major support level.
On the weekly the EMA’s and MACD-Histogram are still declining. I am expecting an uptick on the daily which will result in the direction change of the EMA and or the MACD-HIstogram.
It’s a bit of a tricky one, but I don’t want to wait for the weekly and am considering to enter somewhere this week.
I will talk later on how I found an entry, or not, based on a shorter timeframe.
The Stoploss is around the 45 to 47 cents level, that would mean such a lower low, that I expect it did really fall through support, and then it will invalidate the trade.
The target in case of a divergence will be a move of two or three ATR levels, which would result in 88 cents up to 1,05.
R/R 1:6 / 1:6,5
Entry: now or lower (I will base this on a shorter timeframe)
Exit: 0,88 to 1,05
Ontology just shows a bullish divergence on the USDT trading pair on the daily timeframe.
As far as I can see, this one is pretty strong, as we are also on a major support level.
On the weekly the EMA’s and MACD-Histogram are still declining. I am expecting an uptick on the daily which will result in the direction change of the EMA and or the MACD-HIstogram.
It’s a bit of a tricky one, but I don’t want to wait for the weekly and am considering to enter somewhere this week.
I will talk later on how I found an entry, or not, based on a shorter timeframe.
The Stoploss is around the 45 to 47 cents level, that would mean such a lower low, that I expect it did really fall through support, and then it will invalidate the trade.
The target in case of a divergence will be a move of two or three ATR levels, which would result in 88 cents up to 1,05.
R/R 1:6 / 1:6,5
Entry: now or lower (I will base this on a shorter timeframe)
Exit: 0,88 to 1,05
Trade closed: target reached
Trade closed at 1.05
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