ONT is currently a good short.
The daily chart is bullish but pullback is needed, target is .0008-.00084
- it is at horizontal resistance
- it has a bearish divergence on the 1hr SRSI
- RSI is nearing overbought region
- it is currently in an ascending wedge, which is a weak pattern but tends to break down
- It is in the OTE entry zone for shorting
- It has a larger bearish divergence on the 4hr SRSI
- 4hr is on 8 count for Tom Demark Sequential
The daily chart is bullish but pullback is needed, target is .0008-.00084
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.