random analysis on ONT 4h time frame
support and resistance lines are shown on the chart .
ONT might having a bullish flag pattern on chart which is very rare in mid-cycle bear markets so i can't consider it a valid pattern for now .
there are two bullish divergences as you can see blow :
RSI bullish divergence
MFI bullish divergence
indicators and oscillators are giving mixed up signals for example :
heikin ashi buy and sell is issuing BUY signal
but STOCHASTIC RSI is showing signs of weakness and probable correction
ONT might having a bullish flag pattern on chart which is very rare in mid-cycle bear markets so i can't consider it a valid pattern for now .
there are two bullish divergences as you can see blow :
RSI bullish divergence
MFI bullish divergence
indicators and oscillators are giving mixed up signals for example :
heikin ashi buy and sell is issuing BUY signal
but STOCHASTIC RSI is showing signs of weakness and probable correction
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