ONT heading for MA200 and breakout attempt of upper trendline
Updated
ONT heading for resistance around MA200 on 1D after brief consolidation and established new bottom. Upper trendline forms first major resistance between 0.60-0.64 that coincides with major previous POC in that range. An immediate breakout above those levels will likely send the crypto to $1 mark. This trade is a long from $0.5 to $0.6
Trade closed: target reached
Idea was successful, check out the newer ONT idea for what's next in Q1 2021
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