A reverse descending triangle is something like this: it goes uh bigger and then it drops yeah. Normally. A descending triangle is a big mountain, medium mountain small mountain with a neckline around here and then palm. We collapse lower. This is a reverse one: yeah yeah, not exactly a reverse, but uh yeah. The point is a mountain range and we are moving down towards the uh yeah. The point is that we have targets it's, just that the targets don't make sense so i'm, not sure how much lower ontology is going to drop against bdc. We already quite oversold on the rsi just because we're oversold doesn't mean we cannot go any lower, um, uh yeah, and so normally, when things are over soaked, they can stay oversold for a very long time. So i think that uh, the wheels of ontology will probably want to eat up the stop cells around here. There'S a stop sale, probably at around 5'.40 satoshi's yeah. So i think the wheels will probably eat up the stop sales first before going back up, or you know this might be the beginning of some sort of a reversal chart pattern in the making yeah. I i don't know what's going to happen. I need to wait for a huge green volume. You know huge candlesticks coming first to push the price higher until that happens, yeah we're not going to be doing anything and we're going to be staying patient and keeping our powder dry uh and to wait for higher quality chart patterns before committing into a trade for Ontology all right uh, i guess no sorry we're going to move on to anthology against usdt, but to be honest, most of the charts look pretty similar.
When you look at the usd pair we have anthology. We thought that this was a squeeze here. We were so so hopeful for a squeeze, and you know we blast off. I was hoping for an abcde and then we blast off, but yeah the wheels have other plans, and so we collapsed, lower uh i'm. Just gon na remove this so that we get things into perspective, yep you're down the um i'm, just gon na move this slightly higher all right right. This is a Music mountain range of sorts, that's, a beanie mountain, big mountain, small mountain, another small mountain and we collapse lower guys. To be honest, this is very untreatable uh, nothing much that we could have done uh. Nobody could have seen this coming here. The point is that we were very hopeful of a move towards the upside it's, just that, ah it just didn't happen, so yeah that's. What you call chart pattern invalidation – and this is the world of trading. Everything that you do when it comes to trading is out of your control. Every time you put on a trade whatever that happens, next is absolutely out of your control. You have zero control of whatever that's happening next uh because you're, just not a will and you just have zero control over what's happening in and you don't uh dictate the narrative yeah it's. Not you it's, not me it's, not you and yeah. You know we are just a little guppies in the ocean off wheels, so yeah we ride the wave.
If the wheels do decide to go north, we follow the wheels north. If the wheels do decide to go south we're gon na go soft. If the wheels do decide to go sideways, yeah we're just going to go sideways as well as we wait patiently for the wheels to be done doing that thing, and then we make a move yeah, but for anthropology against usd yeah we're, pretty oversold as well. So i'm, hoping for another move back down, you know a lower low but a higher low on the rsi higher low on the macd. These this would be the absolute best case, be the absolute best case scenario uh to get a double bullish. Divergence um. If you could get a triple bully a bullish, divergence they'll be even better it's, just that um. You know this could also turn out to be already impulsive wave one. We could get two three four five. We could still be on our way back up. We could see a an immediate recovery coming for um ontology against usdt it's. Just at this point of time, is still very uncertain and so we're not going to be jumping into anything until we are absolutely sure of um the direction uh for ontology all right. I guess that's it from my ontology technical analysis. Malo 'aupito ho'o sio. 'Oku ou 'amanaki pe na'a ke sai'ia ai.