Bullish Swing Trade on ONT

Jul 11, 2018

According to the TD sequential ONT should have a nice bounce coming. I have doubled down on my position on the daily red 9 looking for a correction. We are also coming up on a weekly red 9 which combining both the daily and the weekly (off by about 5 days) I would say this could be one of the top performers to come. Unfortunately BTC may limit how big of a bounce we can find, however if you see bitcoin have a slight relief from downward pressure you could see ONT outpace a lot of other cryptos in the coming days/weeks depending the outlay of the crypto market as a whole. With the main net recently being released and many free ONT coins being distributed it was expected to see the recent dump. Now I believe we will soon find a bottom. Again varying on what kind of action we see from BTC.