Ontolgy remains above the support suggesting continuation of an uptren/correction or even a long term trend reversal. For now it is important that price will not break and close below the low produced just under the support. Secondly, price has to break above the recent high in order to confirm strong bullish momentum and this is when price might skyrocket.
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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.