Technical analysis ONT. ONT-BTC on June 28, 2018

#ONT

The market cannot break the resistance of the downtrend for a long time, the indicators both middle timeframe and high timeframe show the further fall. The closest strong resistance we can meet in 6900-7200 zone. Most likely, these levels won’t be able to hold the market pressure and ONT will go lower, be careful. The downtrend can be used to open short positions or wait for the correction of fall to get a profit from the short-term bounce.