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ONT: Oversold on the daily. Reversal soon?

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Hello hello! Alt season again? ONT has broken into oversold on the daily chart. In its current spot, it's find a bit of support with confluence, and is showing a "9" on the TD sequential. I'm not entirely convinced yet, especially if BTC takes another dip. If we don't reverse here, I'll be looking at the green box for a reversal. Could provide some very nice returns if it gets its momentum back!
Transaction en cours
Entering this trade now. It hasn't reversed yet, so its risky, but I entered because:

-Hitting my green box/confluence of support
-RSI on the 4hr is extremely oversold, at 16!!! its only been this low once before and a 30% price increase followed shortly after.

If you wan ta safer entry, watch MACD for a nice cross-over in the negative of the histogram. Also, look for divergence!
infbp22
Chart PatternsTechnical IndicatorsONToversoldreversaltdsequentialTrend Analysis

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Chart PatternsTechnical IndicatorsONToversoldreversaltdsequentialTrend Analysis
infbp22

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.