Possible Double Cup&Handle reversal,ONT bullish move against BTC
ONT coiling up on strong support and prepares a possible trend reversal and bullish move against BTC.
As presented on the chart a cup and handle pattern forms with a trend resistance support. With the chance of another smaller cup and handle. This is a sign of possible reversal and breakout. And a bullish sign overall.
There are several bull divergence on the RSi also.
Few days ago ONT announced a big partnership with NEO and a merger platform with shared technology, that tightens the colab between the two coins. (but BTC pump and dumps ruined the potential spike at that time)
However they are slowly gaining momentum once more.
If BTC does not ruin it we expect a bright future and a lot of potential in the mid term for those sister currencies ONT and NEO.
(this is not financial advice, just a presentation of the chart and possibilities)
As presented on the chart a cup and handle pattern forms with a trend resistance support. With the chance of another smaller cup and handle. This is a sign of possible reversal and breakout. And a bullish sign overall.
There are several bull divergence on the RSi also.
Few days ago ONT announced a big partnership with NEO and a merger platform with shared technology, that tightens the colab between the two coins. (but BTC pump and dumps ruined the potential spike at that time)
However they are slowly gaining momentum once more.
If BTC does not ruin it we expect a bright future and a lot of potential in the mid term for those sister currencies ONT and NEO.
(this is not financial advice, just a presentation of the chart and possibilities)
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