ONT
Likely the top of the current trend. Could see a reset in it's movement and a retest of the cloud and previous resistance turned support.
RSI is making a pretty strong standard bearish divergence in the overbought region.
Rising wedge as well. I have exited my ONT and will be looking to accumulate on a fall in price.
Potential H&S in play going forward as well, although that is a far way away but it is always wise to look forward at possibilities.
Not financial advice. DYOR.
RSI is making a pretty strong standard bearish divergence in the overbought region.
Rising wedge as well. I have exited my ONT and will be looking to accumulate on a fall in price.
Potential H&S in play going forward as well, although that is a far way away but it is always wise to look forward at possibilities.
Not financial advice. DYOR.
Note
Played out as the top interim top!
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.