Ontology (ONT) bullish triangle in play, nice short-term trade!

ONTBTC

Ontology looks like a great buy now, the price has made a retraction up to 0.5fib from that last rise and formed a bullish triangle.

The price has broken above 200MA on the daily chart and is doing a pullback / using the 200average as a dynamic support.

Ichimoku is totally bullish:
+ Green Cloud
+ Current price above the cloud
+ Chikou-Span above price
+ Tenkan crossed over to Kijun

RSI is touching the 50 balance line and must hold confirming the upward expectation.

OBV demonstrates that the strength of the bulls continues to prevail within the triangle.

The ideal purchase would be in breaking the figure, but I am anticipating due to the strong bullish signals presented.

The call in details will come in the next comment!

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NEW Ontology SIGNAL

#ONT #ONTBTC (Binance)

Buy-Long: 238-

Target:
1st: 254
2nd: 274
3rd: 299

SL: 218

Yorum:

Ontology made a different move than I initially expected but I continue with good expectations. The symmetric triangle seems to have become a falling triangle, which in this case is also a bullish pattern and so I will continue to hold that position in the next few days waiting for upward movement.

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Price touching 200MA, we should see a bullish move in the next 24-48h.