Ontology on the way to a nice breakout?

16 ก.ย. 2019

ONT/USD


We have been doing combined analysis on ONT/USD and ONT/BTC pairs.

• Observations - It has been doing fairly well against both currencies lately. Forming higher highs consecutively on the BTC pair, but approaching strong resistance levels on what is to be characterized as ascending triangle opportunity later.
  
  On the USDT pair - Big one fallin wedge on higher timeframes is about to playout - close to breakout, but at same time facing resistance orderblock on
  lower timeframes as indicated on chart.
  

Here we are watching for a breakout above the bearish orderblock to confirm continuation of uptrend.