Looking for ONT breakout
ONT is moving along in a big symmetrical triangle which almost saw a breakout yesterday but was rejected. Its still moving under the cloud but its thinning out and is predicting a kumo twist in the coming days. I will be looking got a break out above the triangle, kumo cloud, and a tk cross on the 4 hour which looks plausible.
Note
breakout of triangle confirmed, Bitcoin is still sketchy so i would put a stop loss around 84 but you could risk getting shaken out if btc drops even like 2 percent. My target is around 11.Note
if you wanna be extra safe wait for the tk cross and support above the cloud.Note
i sold. now looking for a pull back then will enter the cup and handle for new highs :)
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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.