ONT is possibly forming a bottom, there is a lot of support in this area though the volume has still not returned which is worrying.
ONT needs to first break and hold above 0.00059.
On the 4hr and 8hr the MACD is crossing bullish.
On the 4hr the Wavetrend is finally coming out of oversold territory where it was since the beginning of July. The 8hr is still oversold but crossing bullish.
On the 4hr we're also getting a bullish yume wave twist above the Miaku and 8hr looks like it could begin a bullish twist soon too.
There shouldn't be much resistance until 0.00073 - 0.00080
ONT needs to first break and hold above 0.00059.
On the 4hr and 8hr the MACD is crossing bullish.
On the 4hr the Wavetrend is finally coming out of oversold territory where it was since the beginning of July. The 8hr is still oversold but crossing bullish.
On the 4hr we're also getting a bullish yume wave twist above the Miaku and 8hr looks like it could begin a bullish twist soon too.
There shouldn't be much resistance until 0.00073 - 0.00080
Note
Discord Link discord.gg/DsJd2ED
Note
Looks like we formed a bear flag and broke down, could retrace back to 30-35 area
Trade closed: stop reached
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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.