ONT/USDT expanding wedge + support zone (Long)
Hello dear friends. I know that many of you like to trade altcoins while bitcoin is in a correction or in a fall.
This coin ontology loves to follow bitcoin, but since a mega alt season is expected for all of us soon, take a closer look at the purchase, with a short stop loss.
Target ones are indicated on the chart + decreasing volume - indicates a return of the price to the lower border of the wedge. From these values - find a good point for yourself in the long.
If the wedge is broken, as well as the support zone does not resist, the price will be brought to the value of 0.375 - 0.41
Do not forget - it is not yet the alt season, but the transfer of money is taking place gradually - all the more, this coin has a large accumulation range on the Weekly TF.
ONT
ONTUSDTHello dear friends, my name is Mustafa
(MR.MB) And I hope you are well.
We have ONT currency analysis
For the first step as
I considered this profitability.
Of course, for more confidence, wait for the triangle to break validly and for the price to stabilize above it.
I hope you are always full of profit.
Friends, this is my personal analysis that I would like to share with you.
ONTUSDT - Weekly analysis ONTUSDT is printing a falling wedge pattern on the weekly timeframe.
RSI is printing a bullish divergence signal.
Potential breakout.
Buy entry ⬆️ - breakout above the falling wedge inclined resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown below the support level.
✳️Ontology/USDT Analysis (7/1) #ONT $ONTONT is under selling pressure at 0.6$ zone, which is an important resistance zone because if ONT breaks through this zone, ONT will rise sharply to 0.8$ and 1.1$ by the end of January.
If ONT continues to fail at this 0.6$ zone, it will fall as hard as it did in December.
📅NEWS
No News
📈BUY
-Buy: 0.57-0.6$ if A. SL if B
📉SELL
-Sell: 0.8-0.84$. SL if A
-Sell: 1.05-1.1$. SL if A
♻️BACK-UP
-Sell: 0.57-0.6$ if B. SL if A
-Buy: 0.38-0.4$. SL if B
-Sell: 0.38-0.4$ if B. SL if A
-Buy: 0.3-0.32$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ONT found support after a failed breakoutONT is range-bound on the weekly chart. It's been ranging between $0.50-$1.00 in the past few months. Currently sitting on support levels on the 2 and 4 hourly charts. It's just taking off from the support zone of $0.50 so it's the beginning of the new cycle. Since this coincides with the current bullish market, it presents a great opportunity to accumulate before new retail investors step in.
Target 1 - $1.00 - approx. 75% profit
Target 2 - $1.20 - approx. 110% profit
Target 3 - S1.50 - approx. 163% profit
Target $ - $1.95 - approx. 242% profit
As per usual, this is just my personal opinion, not a financial advice. Please do your own research.
2 hourly chart
4 hourly chart
ONT / BTC Work in a local trend. Trend reversal zone.A local uptrend is developing. The price approached a very important area of potential trend reversal. A good entry point is indicated when the price breaks out and consolidates above the downtrend line. Potential reversal of the secondary trend.
Former trading idea for the ONT / BTC pair on a more global scale of work.
ONT / BTC Local downstream channel step 70%. Potential bowl.
Trading idea of trading this coin against the dollar.
ONT / USDT Down channel Local trend Trend reversal zone.
Trading is a higher psychology, understanding the desires of people and as a result of their future actions using numbers and a graph without contact with people themselves.