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chives152

ONT short trade

Short
Ontology / Bitcoin (BINANCE:ONTBTC)  
chives152  
BINANCE:ONTBTC   Ontology / Bitcoin
Support and Resistance Multiple Time Frame Analysis Oscillators Divergence ONT shortsetup swingtrade retracement srsi tdsequential
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supportandresistance mtfa oscillator divergence ont shortsetup swingtrade retracement srsi tdsequential
ONT is currently a good short.
  • it is at horizontal resistance
  • it has a bearish divergence on the 1hr SRSI
  • RSI is nearing overbought region
  • it is currently in an ascending wedge, which is a weak pattern but tends to break down
  • It is in the OTE entry zone for shorting
  • It has a larger bearish divergence on the 4hr SRSI
  • 4hr is on 8 count for Tom Demark Sequential

The daily chart is bullish but pullback is needed, target is .0008-.00084
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