$ONT is forming Bullish Flag Patterns | Next Impulsive Wave is Expected
CryptoKraze Technical Analysis
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $ONT has made an impulsive move and now it is forming a bullish flag. This is a very common pattern in cryptocurrencies, whenever a coin breaks with the big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.
- I have a buy entry at 0.00023500 with my profit target around 0.00031500 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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Love your posts. I checked out your links. Very helpful. I am still trying to understand how you profit from the three purchases of one coin. But I'll get there. On my way back to your posts to take more notes. You are a real asset to Steemit and us minnows. Thanks @cryptocraze. Appreciate you and all you do for us. :)
Joy
I was so amazed by the growth of ONT
It soared from $1. Yesterday to $2. With a close observation