Updated

ONT ready to deliver a 50% to you.

Hello friends, welcome to this analysis on ONT.

ONT is a really good project and it's favorable in the crypto land at the moment and you can see a lot of people are talking about it so you can expect some more upside from it.

As you can see in The chart ONT has cooled down after a massive run and it has formed a falling wedge. the target of the falling wedge is gonna be around 7.3k sats.
you can see that the price action is up trending inside the triangle and is getting ready to break up. As a trader, you wanna wait and identify the breakout and then buy the breakout. remember the break-out must have good volume and you should wait for the candle to close for confirmation. However, if you look at the RSI in 4-hour chart you can see that it has pulled off from the oversold area and is up trending to the upside which is giving me some confidence that we gonna see a break to the upside.

I'll update this post if I see the breakout.

Good luck trading. ;)

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take profit at yellow dotted lines.

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ONT is breaking up of the wedge, the first target will be the dotted yellow line to take profits.
it's better for you to take profits 1-2% below my lines. measured moves are not 100% perfect.
;)

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moving up with good volume. the thick green dotted trend lines are the major resistants that we have on the way up, we have some minor resistants between them as well which I don't think are gonna make a big problem.
take profit at green lines.

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awesome price is flirting with the blue line resistant it's not gonna be a big deal with this good volume.
next resistant at dotted yellow line will be the next minor resistant i expect a flag there before going to the dotted green line ( heavy resistant)

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as I said not a big deal volume is really strong :P
we are up 7% from the entry already

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flagging 1% below my target.
we are good to continue.

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I don't really like this action here.
play it safe a bit.
stop loss on break-even point.

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this is why I told you to play it safe :P
it looked like a double top to me.

although the BTC rally might have caused it as well.

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well, Ont stopped me out at the break-even point and moon shot to our 2 nd target :P while i was sleeping

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trading view removed my charts again :| so i had to rechart this one.

nothing much to say, an easy low risk, high profit, successful trade.

best trades are the easiest and obvious trades. keep it simple don't confuse your self and waste your time finding complicated trades, you don't need them to make money.

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after the break out we retested the bottom of the channel and hold the resistant there.
If you remember my XRP post i told you i'm not gonna touch xrp if it go below the pennants support. This is why :/ xrp went below the support and went to the pit whole, but ont hold the penent support and went up, and went up.

this is why you wanna have your stop-losses below the pennant when you buy this pattern. cause if it goes lower than that support you can expect more sell side to downside.

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Alrighty, we can see we hit the first target and flagged there a bit fought with the resistant. we already hit our 3rd target very strong.

based on measure move of the flag at first support i can say we gonna reach 6500 sat lvl, and after that hopefully, with a bit of help from FOMOers we gonna reach our target :/.

hope you gonna enjoyed this 50%.

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I recommend you that once we hit the last target, take your 50% profit out of the table at my target last.
then bring up your stop loss up like 30% from the entry and let this trade run for a while.
cause historically ONT can go for huge long runs and you don't wanna get out of this runs early, but I can't predict those targets atm due to not having a base atm.

I expect ONT to retrace at my last target and make another pennant, cause historically ONT likes making pennants.

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Good luck trading,
I'm gonna update it later.

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I don't really like the way this candle looks like atm.
shows we have sell pressure.
if this candle closed like this on high volume and didn't reach our target.
then it's going to be wise to get all the 30+% profits that we got out of the table.

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as I said in my last post, ont links to make pennants.
as I expected retraced, made pennant and it's going to our last target.

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I expect another base at that target the last target.
good luck trading

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i expect either one of this 2 scenarios.

1st. it breaks the yellow resistant here and goes above it. in that case the target will be the dotted red line and then retracement or consolidation.

2nd. it fails at resistant makes a handle and go for the dotted yellow line on top.

( 3rd it gonna fail and we gonna get rekt.. hehe jk)

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anyways we are up 50% take profits and have stop-loss at 5250 sats.

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1st scenario is active.

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i should change my name to the master of parabolic moves :/

almost at the target. I expect it to make a base there.

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it's wise to take profits off the table at this area

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guys my honest last update to it for now is, if you're still holding this coin hold it :P!

The move is super strong and I don't see any stop to it until 10k sat. at the pre airdrop price that might be some resistant for people who bought as soon as the airdrop and didn't sell.

congrats to ppl who joined this trade you are 100% up on your investment :).

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all that said you should always have stop losses in play and take profits out of the table.

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ONT hit 10k sat almost with less than 0.5% difference and pulled back.
just as I said.
who showed you the top? :P

although it can go higher late but I expect it to pause and create a big base first.

this trade is closed to me. :)

if you wanna play it, have tight stop losses and take profits.

hope you earned well. cheers guys

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remember I told you 10k sat is top of ONT :P look at this ugly left shoulder double top ready to make the right shoulder. people who FOMO in it are gonna get rekt in a way they will never forget. =)) just watch and see

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this trade is supper done ,take profits and investment out of it fast xd

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just look at how ONT will melt in the next 12 hours max. so you will know what crypto is and how dangerous it can get and why you should listen to what I'm saying step by step!

who called the top? with 0.5% difference xD

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well, RIP to OCN holders :P the disaster is about to happen, ( i wished I could shot this bad boy, thinking to my self)

it gonna drop OCN nose dive down to 6168 area.

play safe with cryptoes :P

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Short*

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why do i say OCN? ONT I mean lol
i've watched too much charts today my brain ain't working anymore

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Trader_Shayan

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Trader_Shayan