Ontology / BitcoinDiupdate ONT
Not an Elliot Wave guy but use generic rules when they seem fit. This was a sound 5 way move topped off by an RSI bearish divergence. I expect a retrace to the Kijun and from there we may see a little upwards momentum but it should correct in 3 waves before ONT starts its next leg up. Overall this is still heavily in an uptrend.
Catatan
Played out well and ONT should be getting ready for another leg up soon!
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