ONT / BTC Work in a local trend. Trend reversal zone.

A local uptrend is developing. The price approached a very important area of potential trend reversal. A good entry point is indicated when the price breaks out and consolidates above the downtrend line. Potential reversal of the secondary trend.

Former trading idea for the ONT / BTC pair on a more global scale of work.
ONT / BTC Local downstream channel step 70%. Potential bowl.

Trading idea of trading this coin against the dollar.
ONT / USDT Down channel Local trend Trend reversal zone.

Trading is a higher psychology, understanding the desires of people and as a result of their future actions using numbers and a graph without contact with people themselves.

Kommentar:

the price could not overcome the channel resistance, the price reversed from the observation area and the local trend changed to a downtrend. The rise in the price of bitcoin has intensified this process. At the moment, in the zone of the channel bottom, which can act as a reversal zone. A double bottom was drawn locally. Note that there was no volume at all when the price went down, and it is the same now. It is worth noting that the buyer is similarly not interested.

Kommentar:

the target of the local double bottom was taken + 60%, but the price did not go further. The situation is now.

Kommentar: