Ontology / BitcoinUpdated ONT: 30 minute Bullish Pennant?
Hello hello! Just an FYI: Solid orange line is my entry. Looking for some more gains on ONT. I will update my signature with the specifics of my lines.
Trade active
Update: Looks like its falling out of the pennant into a falling wedge. The wedge should still be a bullish reversal pattern, but a volume spike will be much more essential for it to follow through. If volume continues to diminish and it doesn't break, I will consider cancelling the trade at the short term EMA death cross or .382 FIB. (Possible 3% gain)Trade closed: stop reached
Well my EMAs all crossed and I hit my stop for a 7% profit. It recovered quickly and is still looking great. I'd personally still stay in this one if I hadn't been stopped out. Be happy with profit and stick to your rules when it comes to risk management!!!!
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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.