ONT Retests Bottom of Channel, Descending Triangle Forming

2018年7月4日

ONT has reached the bottom of the channel it has more or less remained in since early May. Daily RSI is in the mid 30's, which is a very weak area, with a bearish divergence. Price action has also fallen below the daily Ichimoku Cloud and is forming a bear triangle. The 4 HR chart looks more appetizing, with Stochastic RSI reaching oversold levels. There may be a quick play to be made here, however, I will not be entering this trade. If you decide to take a position, I would recommend buying near market value, with a stop-loss no lower than 0.00071.

2018年7月4日

註釋

Edit: bearish RSI divergence is found on the 4HR chart, not the daily.