In my last post, I was suggesting the possibility of a bottom and inverse head and shoulders forming with the head forming just under 5000 Sat. The pattern failed, but the weekly still shows the possibility of a massive inverse head and shoulders pattern developing with my previous post at the left shoulder. This could be the head just under 3000 satoshis. I expect a move to the mid 6000 Satoshi-level where ONT will see major resistance against bitcoin. A break of this level with volume should confirm the bottom is in. I believe taking a trade from here to 6000 SAT provides a good risk reward for starters.
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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.