ONTBTC Cup and Handle Formation with Alot of upside potential.

17 thg 6, 2020

Lets take a look at ONTBTC

Its currently forming Cup and handle formation. its not complete yet.
Daily Macd has bullish divergence and macd is above 0 and about to get the bullish cross.

Nothing happened yet. All you need to do is wait for cup and handle completion and macd cross then its an entry.

As far as target goes, a strong trendline coming around 850 sats that would be the first target. Its also a .618 fib level.
If it successfully cross that area, we have a medium term target at around 1500 sats which is strong horizontal resistance.

Good luck and enjoy trading this pair upon confirmation.

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Thanks