It appears to me that ONT is building a lot of pressure within its consolidation that it has been in since the beginning of January.
I am playing this like a symmetrical triangle, regardless of the bull trapped area that goes above the upper trendline during the middle of January.
Measuring from top to bottom of the triangle, I could see a nice 45% swing trade here barring a Bitcoin correction. There are of course much higher targets for ONT, but in the near term, you could be looking at a nice 45%.
Please let me know if you think the same or perhaps have a different idea.
Thank you!
I am playing this like a symmetrical triangle, regardless of the bull trapped area that goes above the upper trendline during the middle of January.
Measuring from top to bottom of the triangle, I could see a nice 45% swing trade here barring a Bitcoin correction. There are of course much higher targets for ONT, but in the near term, you could be looking at a nice 45%.
Please let me know if you think the same or perhaps have a different idea.
Thank you!
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.