ONTBTC - Bullish Chart + USDT Pair and Mainnet 22 Days Out
Updated
I have mentioned ONT in my other posts as one that meets all the parameters for me to confidently buy in.
1. Above the 50 day MA (RED).
2. Above the 9 day EMA (Orange).
3. Above 50 RSI - Even better if Above 60 RSI .
4. Positive trend in MacD .
ONT has had a lot of positive sentiment lately and is scheduled to drop the Mainnet on June 30th.
On top of that, Binance just listed an ONT/USDT Pair to being trading as I type this!
ONT recently broke out of its retracement from an ATH. I really do not see much as far as risk. The entire ALT market took a bit of a dip earlier today, and ONT approached but did not touch the 9 DAY EMA. Being relatively close to the 9 Day EMA leads me to believe this is a good price to buy in at with support right below. The RSI is bullish above 60 and climbing. The MacD is in a bullish trend. If my wave counts are accurate, then 15000 looks like the first target and 19500 would be the semi-longshot.
So long as BTC holds up, I see no reason why ONT cannot replicate the success that TRX and EOS had ahead of releasing their Mainnets.
1. Above the 50 day MA (RED).
2. Above the 9 day EMA (Orange).
3. Above 50 RSI - Even better if Above 60 RSI .
4. Positive trend in MacD .
ONT has had a lot of positive sentiment lately and is scheduled to drop the Mainnet on June 30th.
On top of that, Binance just listed an ONT/USDT Pair to being trading as I type this!
ONT recently broke out of its retracement from an ATH. I really do not see much as far as risk. The entire ALT market took a bit of a dip earlier today, and ONT approached but did not touch the 9 DAY EMA. Being relatively close to the 9 Day EMA leads me to believe this is a good price to buy in at with support right below. The RSI is bullish above 60 and climbing. The MacD is in a bullish trend. If my wave counts are accurate, then 15000 looks like the first target and 19500 would be the semi-longshot.
So long as BTC holds up, I see no reason why ONT cannot replicate the success that TRX and EOS had ahead of releasing their Mainnets.
Trade closed manually
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