ONT/BTC drop-down channel. the value is within the middle of the channel, there's no entry point now. a noteworthy surveillance tool with potentially good entry points and excellent targets.
- Entrance from the lower limit of the channel upon confirmation and significant volumes of the buyer. At the doorway from the lower limit of the channel, the primary target is + 70% (width of the channel). Next, how the trend will develop.
- Entry to breakdown or rollback after breaking the sloping line. Globally, this bowl with a handle can form large targets, this channel may be a part of the 2nd phase. Target levels are shown within the graph. Remember that level may be a zone, not a line on a graph.
Take into consideration the volatility of the trading instrument and use Stop-Loss. Cross-pair with bitcoin, like BTC / ETH, always goes to the Low update.