ont making a big move soon

i don't have any indicators but we are in a downtrend and ontology is challenging the red resistance line but that being said we are coming to an important crossroads with the grey support line. we fell through the green support uptrend line and this may be the beginning of a big fall. if you look at our current position we broken through the grey support line slightly already and we've yet to challenge and push past the red resistance line. so with that being said the SUPPORT is looking WEAKER and the RESISTANCE looks STRONG. that being said this conclusion is being made without the indicators and im still learning how to read everything

i sold at $4.65 so i am looking to buy in somewhere below the top grey support line.

to be honest even though the entire market is somewhat bullish right now. i think im gonna play it safe and wait a bit more since ontology was overbought so fast for something that has only been out for 1-2 months(already top 20-25 spot in market capital).

this is just my take on it let me hear what you think this is also my first post on here but if i save you money or make you money show spme support for my idea!

thank you everyone! happy trading.

not financial advice do your own homework people!

評論:

ooks like i made the right call... ontology quickly droped to rank 47 on the coinmarket cap
looks like its loosing support and may be in for another drop which means cheap prices for those that didnt get to buy in.