ONT / BTC Main trend. Potential trend reversal area

It should be noted that a similar formation formed locally both on the TRX and similarly under the downtrend line, slowly but surely moving towards it. Such formations often form before trend reversals, usually before an “explosive” rise in price.


Zoomed in on the future potential reversal zone

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+53% breakdown of the downtrend

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+57%

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price is consolidating under the resistance level of 2333. This is a reversal zone.
a) no breakout and formation of a horizontal channel between 2333 and 1800
b) breakout and working off the wedge targets.