Lately with the market still in the accumulation phase I've been employing a general strategy which is best explained within the chart itself. I'm extremely bullish on ONT long-term, though I suspect and kinda hope that it will come down at least close to the area I labelled as "optimal accumulation zone" before making it's way up to the cloned fib retracement. Just areas to watch as a guide for anyone to help decide whether to be bullish or bearish at any point.
Note
Falling wedge inception. A breakout to the upside from the innermost triangle would likely be considered a breakout of the middle falling wedge...Note
Correction: meeting the upside target of the innermost triangle would likely be considered a breakout of the middle one.Note
An updated version of my short-term outlook. Still well under my "optimal accumulation zone" determined near the top... Also, there is confluence here with basing a "trend-based fib time" on the innermost falling wedge and basing one on the little bullish harmonic I eyed last night. Bitcoin is currently looking good enough in the short-term($6430 at coinbase) to bring on a serious altcoin rally starting any minute now...
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.