ONT we don't have much history on this coin so there is only 1 real way I find to trade new charts and I will show you below.
We are currently looking bullish from the indicators we can use, obviously lacking history we can't be certain but from what can be seen on the 4H and the 1H we are building up.
Now you will see the top and the bottom of the channel this will be the only way to distinguish the break as indicators on such short timeframes aren't as reliable.
You will see on the 4H and the 1H charts we have a very bullish divergence and we expect this will lead to us breaking high of the channel.
The 20 and the 50EMA have just crossed but once again this is an hourly chart.
To trade this we don't enter until we break the top of the channel, the chart tells us we will take the top but there is a risk things could change as we can't get a clear line of site from a 6 day chart.
This is a coin that could have big potential and could be something similar to what we have seen in NCash with potential 100% profits in a very short timeframe.
If this coin breaks the high of the channel buy the first 4H candle to close over the green line. Aggressive traders can buy the first hourly candle to close over but I will stick to the 4H.
Stop loss will then go 1-2% below the green top of channel.
I have set an alarm on this chart to alert me when or if we cross the top or bottom. I will then place targets for you.
Cash Is King! Also would like to thank the member for bringing this coin to my attention.