After a very nice runup and some consolidation, ONT/BTC has now formed a nice channel for itself:
Currently reaching the at around 0.0005500. This area is also close to the bottom of the channel and happens to be near the .618 fib retracement level as well.
So as price reaches both the and bottom of the channel, this "crossroad" could be an interesting level to enter Ontology for another move up.
If you're looking for a short-term swing trade in Ontology, ONT/BTC, then these are the levels to look for.
0.0005500 - 0.0005750
Leave a comment if you have any questions.
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And until next time, good luck with your trading!
Now that BITCOIN is rising in dollar value, trading bots automaticly adjust the relative value of ONT in terms of BTC value.
Your analysis is correct tho, 2 bullflags. There should have been a reversal to the upside.