PetrockFxTrading

đŸ’„ONTUSDT - TO RISE BY 38% TO $1.29

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BINANCE:ONTUSDT   Ontology / TetherUS
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Buy level - $0.91 - $0.94

Stop loss - $0.86

1st take profit - $1.05

2nd take profit - $1.24

3rd take profit - $1.29

Right here is an inverted head and shoulder pattern. There was a false breakout from the neckline right after the head was formed. Then price broke down below the neckline and got rejected by support level at $0.883.

Therefore, with price currently trading at $0.9311, I expect a rise to the neckline at $1.05 and if price successfully break the neckline, then a full inverted Head and shoulder pattern to complete at $1.24 and $1.29.

What do you think?

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