Could ONT/BTC be gearing up for an 84%+ move upwards?
Newly launched on Binance, Ontology looks to have fulfilled it's first impulsive wave and could now be forming a bull pennant consolidation before breaking out for it's next wave (wave 3 of an elliot wave cycle).
Look to buy on a breakout of the consolidation triangle.
Target 1 would be a 1:1 measured move of the first wave at a price point of around 0.00048339
Target 2 is the 1.618 trend based fibonaci extension level of around 0.00062359
Look to buy on a breakout of the consolidation triangle.
Target 1 would be a 1:1 measured move of the first wave at a price point of around 0.00048339
Target 2 is the 1.618 trend based fibonaci extension level of around 0.00062359