ONT finishing correction after 150% move

ONT is another strong player which saw a great buy side volume on its first wave up. Now it is completing ABC pattern correction to the 0.618 fib level. A break of the yellow trendline would increase the probability of the next bull impulse but a buy order now allows for a better risk/reward ratio.
ABCChart PatternscorrectionElliott WaveONTBTCTrend AnalysisWave Analysis

Penafian