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ONT

ONT – Bullish pennants all over the place – Pending break-outOntology has been really going for it, jumping from one bullish pennant to the next one. Today we are experiencing pennant number 4, accompanied by a golden cross in the MACD (A) and upward momentum in the RSI (B), so this one is likely to precede a strong next bull run. Talking targets, the previous 61,8% Fibonacci level is first up at 6650 sat. After that, I believe we can hit 8141 sat. That’s a nice gain. I’m long in this one for the longer term, but if you just want to make a nice trade, this is definitely a good opportunity. There is also a nice divergence showing that there is indeed further accumulation, a good example showing this is this author's (@mertmaximilian) post: E.g. cumulative volume index divergence on the daily: This one speaks for itself. Good luck. PS: merely my opinion, DYOR PS2: always happy when you give a thumbs up :)
Long
by A_Cryptastic_Mind
3
Ontology break-out watchOntology has been consolidating in a channel, after correcting approximately 50% from it's massive run last week. IF we can close above the upper channel resistance at around 0.0005300, with some volume, we can see another impulse begin. We can look for a target around the 1 to 1 extension of the previous wave up, 0.0007500. This is not an extension of the entire previous cycle, only of wave 5. Therefore, this will be a sub-wave 1 of a larger impulse cycle to new highs.
by dcattey
1