FX_Academy

Ontology (ONT/BTC) correcting in a bull flag

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BINANCE:ONTBTC   Ontology / Bitcoin
The price of Ontology has been correcting in a bull flag. I have labeled the correction using Elliott Wave principals and I think this is going to be a WXY correction after which the price is going to surge. An alternative scenario would be if we see another impulse and a correction which would be another X and a Z wave, but in both cases, I see the price breaking out from the upside as both Y or Z wave end on the support.

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