ONTUSD long
Quick scalp trade
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the floor of the fork
See screenshot below for big picture
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the floor of the fork
See screenshot below for big picture
Nota
This is the bigger picture. Note the large Andrews fork is not proven. Note the Fibonacci tool is adjusted so that the levels of support are at key levels.More precise target is 5.56
Nota
I need to see a second bounce from this line before entering
Nota
I need to see a second bounce from this line before taking a trade. We should know within the hourNota
sloping resistance line has become support.Enter at 4.97
Nota
Support on top of new higher parallel
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.