Breakout Imminent? ONG Bulls Challenge Key Resistance for a Big Ontology Gas (ONG) has been consolidating since July 2024, fluctuating within a range between the support zone in Green$0.2418 - $0.2512 and the resistance level at $0.3500. This prolonged period of sideways movement suggests a lack of decisive momentum from either the bulls or the bears, as the price has bounced between support and resistance within this range. The sideways action has been mostly uneventful until September when a clear shift in momentum became apparent.
Since early September, ONG has begun to show signs of a bullish trend, consistently making higher lows and higher highs. This suggests that buying interest has been increasing, and market sentiment is shifting in favor of the bulls. However, despite this uptrend, the token has faced significant resistance at the $0.3300 level. Multiple attempts to break above this resistance have been unsuccessful, with the price falling back each time it approaches or slightly breaches this zone.
Currently, ONG is trading below its 200-day Exponential Moving Average (EMA), a critical indicator for gauging long-term trend strength. The EMA 200 is sitting just above the $0.3300 resistance, which strengthens the importance of this level as a significant barrier for price progression. While the overall setup appears bullish, with a strong uptrend in place, the inability to break and hold above the $0.3300 resistance creates a key challenge for further bullish continuation.
ONGBTC
ONG looks bullishONG structure still looks bullish on larger time frames. ONG is near a strong support area.
A trigger line is formed, and the price is expected to leave this trigger line by hitting the support range
By maintaining the demand, it can move towards the targets.
Closing a 4-hour candle below the invalidation level will invalidate the analysis
invalidation level: 0.3258
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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ONG LOOKS BULLISHDynamic resistance has been reliably broken out. Soon the bulls will attack to increase the price.
By maintaining the green range, it can move towards the specified TPs. The safe buy range is the green range, which allows us to have a logical buy/long setup on ONG.
Do not enter the position without capital and leverage management and stop setting
Closing 3 daily candles below the green level will violate the analysis
Ontology Gas (ONG) completed setup for upto 26% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ontology Gas (ONG) with US Dollar pair.
Recently we caught almost 55% pump of ONG as below:
Now on a 4-hr time frame, ONG formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Trade signal | Ontology Gas (ONG) setting up for upto 30% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ontology Gas (ONG) with US Dollar pair.
Recently we caught almost 55% pump of ONG as below:
Now on 1-hr time frame, ONG is completing the final leg of a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Ontology Gas (ONG) completed a setup for upto 40.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ontology Gas (ONG) with BTC pair.
Recently we caught almost 27% pump of ONG as below:
Now on a daily time frame, ONG has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ONG/BTC - Ontology Gas: Failure Swing◳◱ On the $ONG/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00001061 | 0.00001172 | 0.00001353 and support near 0.0000088 | 0.0000081 | 0.00000629. Entering trades at 0.00000888 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Ontology Gas
▣ Rank: 260
▣ Exchanges: Binance, Bittrex, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ontology is a high-performance public blockchain that provides a platform for smart contract creation and decentralized application deployment. Whereas other smart contract platforms like Ethereum use a single asset to both help secure the network and pay for transactions, Ontology features a two token model. ONT allows owners to contribute to Ontology's Proof-of-Stake (PoS) security system and participate in the network's on-chain governance protocol. ONG, on the other hand, is used to pay any transaction fees, such as when a user transfers ONT to another address, deploys a contract, or interacts with an application. Ontology users can earn ONG by staking ONT (locking up the token) on the network.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000888 ₿
▣ 24HVol: 6.877 ₿
▣ 24H Chng: -5.33%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001061 | 0.00001172 | 0.00001353
◢ Support: 0.0000088 | 0.0000081 | 0.00000629
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 5.93
▣ Last 90D: 2.25
▣ Last 1-Y: 1.08
▣ Last 3-Y: 0.71
◲◰ Volatility :
▣ Last 30D: 1.08
▣ Last 90D: 0.76
▣ Last 1-Y: 0.77
▣ Last 3-Y: 2.67
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.80 - V. Bullish
▣ Reddit sentiment score is 0.84 - V. Bullish
▣ In-depth ONGBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Ontology Gas (ONG) - October 9Hello?
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(ONGUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.3938 point: expected to continue uptrend
(1D chart)
First support section: near point 1.2443
Second support section: 0.6506-0.8485 section
First resistance section: 1.6402-0.18381 section
Second resistance zone: near the 2.4318 point
If the price holds in the 1.2443-1.6402 range, I expect it to move towards the first resistance level.
A short-term Stop Loss is required if the decline is from the 1.1368-1.2443 section, the first support section.
A decline in the second resistance area could touch the 0.3938 point, so trade cautiously.
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(ONGBTC 1W Chart) - Mid- to long-term perspective
Above the 3272 Satoshi point: expected to turn into an uptrend
Over 8000 Satoshi points: Expected to create a new wave.
(1D chart)
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Ontology Gas (ONGBTC) is waking up. 100%+ expectedONG has been languishing on the bottom for the last 2 years.
The weekly chart shows 4 big peaks of volume during this Bear period, which is a signal of a possible trend change.
Price has been fighting with all main weekly MAs and after retesting the 50 and 100 weekly MA is now heading north.
A recent price wick to 8000 sat is a signal this price can be reached again soon.
Target for this trade is 6000 sat but can go much higher.
cheers
Baked Finance
this post is for educational purposes and not financial advice. do your own research first.