Ontology — Bullish MACD Crossover, 18% Potential (Once It Breaks

ONG flashed a bullish MACD crossover signal on the daily chart. The signal is usually considered to be reliable on higher timeframes.

Moreover, the signal flashed at almost exactly the same price level it did a month ago. At that time, ONG rallied almost 30% before reversing.

However, currently, ONG trades below its crucial resistance of 0.30. Although the token has been trying for a couple of days, it hasn't broken through the resistance yet.

Therefore, it is essential to wait for ONG to pump above 0.30 and confirm it BEFORE entering a trade. Once broken and confirmed, the profit target is 0.36, resulting in ~18% gains.

The stop loss should be placed tightly below 0.30.