Hey Guys,
ONT has breakout of a solid resistance zone, Now we can see an upward movement.
See chart more understanding..!!
Disclaimer: I am not financial Advisor, This is my opinion I am some guy on the Internet...!! Crypto market is highly volatile, Do your own research and the jump into trade
Every time Ontology drops from it's resistance it gains support on the below trend-line. Ontology is now on the same trend-line, will it break the trend-line ?
Fantastic Pattern.
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands...
Huge upside expected as negligible resistance on upside on monthly time frames.
Huge volume buying seen on monthly/weekly/daily time frames.
Horizontal lines are marked for upside targets.
![ONTUSDT: [Crypto] ONTUSDT Long Idea Compression Patter](https://s3.tradingview.com/n/noonvlV9_mid.png "[Crypto] ONTUSDT Long Idea Compression Patter")
