Keep it simple!
Looking at ONT on the weekly, we can see a level of support was held at the 640 Sat range (green box). This was the buy level I told many about previously. For those that took this trade, you have now hit your first and second profit targets (orange box).
What I would like to see now from ONT is a re-test of the 640 to 800 Sat's range, forming a higher low. and signifying a level of support to be the "bottom". If these re-tests breaks below the 640 range then ONT has a much lower way to go.
So far the 966 Sats range is holding, but a at this level we must also see a higher low formation.
Short term I will be bearish as I want to see this re-test in the green box.
Looking at ONT on the weekly, we can see a level of support was held at the 640 Sat range (green box). This was the buy level I told many about previously. For those that took this trade, you have now hit your first and second profit targets (orange box).
What I would like to see now from ONT is a re-test of the 640 to 800 Sat's range, forming a higher low. and signifying a level of support to be the "bottom". If these re-tests breaks below the 640 range then ONT has a much lower way to go.
So far the 966 Sats range is holding, but a at this level we must also see a higher low formation.
Short term I will be bearish as I want to see this re-test in the green box.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.