Better scaled chart on the day candles + close up of how i think Ont will move
Note
Ont is holding to the chart - On the day candle s you can see the price bounced off the first arc pair and is currently in the channel between the 1x4 and 1x5 Gann fib rays - On the 120 min chart you can see the candles are supported by the square bottom and beneath the arc - I expect Ont to fizz around this price for a little while and then continue UP Note
Ont isn't hanging around, this is exactly why i said to hold - bull price spike :P Note
Ont isn't finished yet, dont listen to the bears - The candles have opened above the 2nd arc pair on the day chart, this means the price is going to the 3rd arc pair or it wouldnt have cleared the 2nd arc pair - Simples *) Note
Apologies wrong screenshot, you just got my unpublished ICX chart for free *) - ONT - Note
Close up Note
Not long now for next leg to start Note
Ont has found support on the bottom of the channel on the day candles chart - On the shorter timeframe chart the candles are moving back to the blue 1x1 Gann fib ray which is the major uptrend - We could see another move up from there but breaking the 1x1 would be bearish Note
You held yes? Good *) Note
Ont could be about to finish the chart - You can see that on previous parabolic moves it was the touch on the 1x3 Gann Fib Ray that accelerated the move - The next candle should touch the 1x3....we will see, looks promising Note
Ont looks like its about to breakout Note
A mighty consolidation from Ont - The range is now extremely tight, you could not fit another candle in that space - I feel the next day candle will be decisively up or down, probably the same goes for the whole market Note
After weeks of consolidation Ont has re-established itself as one of the Alpha Bulls of the market - Resistance around 0.00125 - If the price smashes thru that then it could reach towards 0.0014 Note
ONT is highly likely to hit the 5th arc where the price often reverses, the only thing that bothers me is its already been there and has 1 fib https://left...https://tradingview.sweetlogin.com/x/Nc3V2oyW/
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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.