ONT
Analytics ONT/BTCThe Ontology team has a global idea of building a bridge between the real economy and the blockchain, the platform’s functionality is focused on integrating blockchain solutions into business processes.
The asset rate is correlated with the market, the volumes rise up from the middle of August, but there was a significant drawdown before it.
Now the rate is in the accumulation zone 0.000265 - 0.00036, the asset is deposited in portfolios. The entrance to the asset in this range is quite comfortable. The security entry point is 0.000265-0,000272. When the price approaches the exit from the accumulation zone, additional analysis is needed to clarify the direction of movement.
The main trading volumes go through a pair with the USDT. It’s shows the predominance investors interest, not speculators.
The medium-term growth potential of the coin is about 260%.
ONTBTC: a possible support retestIn a long-term, Ontology is one of the most promising coins out there. However, as, perhaps, all the altcoins these days ONT got driven by the bitcoin price action. Now it is above the strong support level, but if BTC will go down to test 6k, ONT will very likely break the support and reach the previous low. However, after that it is reasonable to wait for a huge rise.
Not a financial advice.
ONTBTC double bottom, bullish XABCD and the breakoutAnalysis of ONT started with bullish reverse of indicators. Then the price found and bounced from double bottom which is situated at the lower trend line of the Triangle. Lastly the price bounced and made a breakout up from the drawn point may start a bull run, in case of subsequent consolidation the price should form another XABCD and bounce from the upper side of the Triangle. Our targets will be reached in the mid term
$ONT / $BTC Analysis. Good Time to Enter?It will not a surpise to me if ONT will back to 0.786 support which is 0.0002364 as the similarities happen towards the price action and RSI level. Let me expand this opinion.
Through bear market as the majority is struggling in 8 months to hold up, there is nothing special with Ontology which also experience the same thing either. But this coin was one of the most phenomenal gains after it's release.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.
Right now it's still one of the best pick, but must with a good entry. Which from I see, 1st: 0.0002731 / 2nd: 0.0002364 / 3rd (worst case): 0.0001896) after those, we will hold and wait it will get back to the neares top 0.0004083.
ONT more candy and more wyckoff. We'v reached entry since previous post. If the support holds, now is a good buy. Bitcoin isn't looking pretty so expecting one more shake out is not out of the question. The next shake out will also be a good buy. Bitcoin is in decision alley though so all trading should be taken with a huge grain of salt (not btc pair). The whole market has a correlation though so just looking at this ontology chart it looks like the composite operator is getting some good final shake outs in right near the bottom. Essentially they've been accumulating and are possibly shaking the market out on the current mild upswing to accumulate more. With a tight stop now wouldn't be the absolute worst entry but it'd be rolling the dice with btc because btc is currently back in a grey bart attack area (which could be good if we see a long wick outside current hourly trading range and then a tight spread on diminished volume). I'll enter with a tight stop and if still trading live try to gain entry on the possible upcoming shake out. (Yes I see the bear flag we're in)
disclaimer:
not investment advice DYOR
This is USDT pair. That means we're trading bitcoin leveraged through altcoin for usd not btc. I do not care to build satoshis while bitcoin is in a downtrend.
Targets would be middle and top of channel. If assuming bitcoin stayed bullish then also beyond.
This market takes your lunch though so put your stop in profit or immediately take some profit when your trade goes right so then your widened stop can't do damage.
ONTOLOGY: NEW PARTNERSHIPS & MAINNET SWAP - PROFIT = 32.07%!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of September 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 32.07% PROFIT!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -14.36% 37.84% 37.84% -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA 0.84% -0.88% with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 mill CNY -0.21% -0.14% -0.70% .
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT 3.05% 1.60% -1.90% a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 0.00% 0.00% 0.00% 0.00% technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT 0.00% 0.00% 0.00% and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS 2.84% Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
June 10: Ontology announces token swap in conjunction with mainnet launch.
June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. CarBlock will use data to tap into the one trillion US dollar 0.34% -0.50% -0.48% -0.06% automobile market and create a brand new smart transport ecosystem.
June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content, building a new global decentralized digital content ecosystem (distributed infrastructure with video applications and people).
June 25: Onchain wins the Microsoft 0.61% 0.78% -0.06% Accelerator Shanghai Graduation Award.
June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
July 11: Ontology Enters Gaming Industry with Partnership with Cocos. Cocos has 1.1 million registered developers around the globe and 300,000 monthly active developers across 200 countries and regions. Games developed on the Cocos engine cover all game types on the market, which accounts for 30% of global market shares and 45% of Chinese market shares.
July 12: Ontology Adds IdentityMind Global to its Partner’s List to Perform Know Your Customer.
July 17: Ontology announces its cooperation with CertiK, a well-known American formal verification company. Both parties will work together in formal verification and enhance the security and reliability of smart contract and blockchain systems.
]July 27: Binance completes Ontology mainnet swap.
July 31: CoinMex lists Ontology.
August 2: Ontology, formally announces their strategic cooperation with Adrealm, an open ecosystem network for digital advertising.
August 9: OWallet, Ontology’s official desktop wallet, has been officially released, including Ledger support.
August 15: Spuul, Movie Platform with 60 Million Users plans to build new dApp Spokkz on Ontology
August 21: Ontology Cooperation with Healthcare Public Chain ALLIVE to Create Smart Healthcare Ecosystem.
August 22: Ontology uses Cryptography Experts NCC -5.00% Group to Review its Blockchain Infrastructure.
August 22: Ontology Decentralized Identifier (DID) Formally Added to the W3C-CCG DID Method Registry.
September 19: Ontology announces its strategic cooperation with TOP Network to build a communication network ecosystem at blockchain application level. Ontology Global Capital (OGC) will also make an investment in TOP.
TOP Network is a decentralized communication network based on blockchain technology 4.0, providing secure, high quality and low-cost communication cloud services which include messages, voice calls, video calls, VoIP, VPN, CDN, live streaming, IoT data sharing, and more. Its vision is to be the infrastructure of communication and social application in the era of Web 3.0.
With more than 50 million overseas users, they will bring a huge volume of transactions to the TOP ecosystem.
September 19: Ontology announces a partnership with decentralized blockchain music ecosystem platform Muzika. Muzika will develop dApps and a new music ecosystem based on Ontology’s underlying technology.
Muzika has over two million active users and 17,000 music producers across more than 150 countries, with rich experience in community management and user management. Under the direction of Ontology’s real economy strategy, Muzika can connect different aspects of people, assets, objects, and affairs in the digital system through Ontology’s distributed services to integrate the music world with real businesses, and encourage greater trust collaboration.
September 21: Ontology announces token mainnet swap in 10 days.
September 22: Cobo adds support for Ontology’s ONT & ONG tokens on our Cloud Wallet
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ONT Moves Up to Test Next FibONT has had a strong 48(ish) hours! As we can see above, ONT flirted with the 38.2% level for a few days and getting shot down repeatedly until the Bears got tired and Bulls took charge.
It was all Bulls from there, with two bull flags helping the price run up to the 50% Fib level!! ONT made it's first run around this time yesterday, and as we can see was rejected. It is IMPORTANT to note that not only are the Bulls/Bears both fighting the Fib levels, but we also see the Bulls using the 26MA as support when the Bears pushed the price down last night.
Currently we are testing 50% Fib resistance, and have an inside bar set up that is DYING to break bullish. I also like that the 12MA is closing in on the 50% level with the 26MA not far behind it.
We might see one more push down, support around 1.88-1.90 range, and then another run at the 50% level of 1.949!! It will be interesting to see if the Bulls can BLAST through 1.949 and keep running through 2.00 psychological resistance as well.
If we can break both... :)
J-Dot-Crypto
My $1k to $100k Challenge: Day 68 - Trade #59 ONTHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
Current streak of 7 out of 10 profitable trades in a row.
After 67 days and 57 completed trades:
Wins: 28
Loss: 29
Balance: 0.1899 B
USD: $ 1226
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 68 trade #59
I invested 0.10 B into ONT. I bought 358.68 @ 27880 satoshi
My Sell targets are:
T1: 29280 5% potential profit
T2: 30680 10% potential profit
T3: 32070 15% potential profit
I will sell 50% at target 1. 25% at target 2 and 3.
If target 1 is hit, I will move my SL up to my buy in price.
If target 2 is hit, I will move my SL up to T1.
SL: 27060 -2.5%
Clear to see, ONT breaking out of a big downtrend and huge increase in volume.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. ONT/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.008128 to 0.007406). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.008128)
Ending of entry zone (0.007406)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.009346
TP2= @ 0.010601
TP3= @ 0.012390
TP4= @ 0.014620
TP5= @ Free
There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. ONT/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.008128 to 0.007406). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.008128)
Ending of entry zone (0.007406)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.009346
TP2= @ 0.010601
TP3= @ 0.012390
TP4= @ 0.014620
TP5= @ Free
ONT Currently Battling YUUGE Price LevelONT is currently fighting the 38.2% FIB level and it's looking like it's about to break! I really like the fact that the bulls have control of the moving averages as support, and the 12MA just crossed through the 26MA bullish.
If we can get above this price level, the bulls will then fight again in a wide range zone between the 38.2% and 50%.
Current resistance: 1.739
Next major FIB resistance: 1.957
Last time the bears and bulls fought through this zone for DAYS before breaking bearish.
Keep a close watch over the next 12 hours!
J-Dot-Crypto
ONT Daily Inside Bar Breaks BearishSURPRISE!!
Bears in full control. Took a lot of time today trying to find SOMETHING positive for ONT, but came up empty.
RSI levels are VERY LOW... but RSI isn't the best indicator as of late. If you read my post earlier, we broke the 1.75-.176 support... and now going to test out 1.70.
Let's hope the bears are tired and the bulls can come out swining tomorrow.
I'm a big fan of getting in at this price level, last two times we dropped below 1.70 we ran up to 2.88... but there is a little different market sentiment right now and BTC is not in the same state it was during those two time periods.
High Risk: Get in now, set stop losses in the 1.40-1.45 range. This is only if you can't stand that volatility.
Medium Risk: Get in now, set 50% stop loss at 1.65 and wait for bull volume and get back in. I don't always suggest to average down, but 1.50 has to be a big support zone if ONT bulls don't want to see a drop down to 1.00-1.10.
Low Risk Option #1: Get in now, stop-loss of 1.70
Low Risk Option #2: All fiat right now. Wait for CONFIRMATION of bull momentum (volume/MA Support). You might lose 5-10% gains, but it won't lose money either.
YOU HAVE TO BE SMART IN A MARKET LIKE THIS!!!!
J_DOT_CRYPTO
Callin' it like I see it!
ONT at DANGEROUS LEVELSOntology, just as the rest of the market, has been flirting with some dangerous levels as of late! As I noted in previous posts, ONT has a wedge set up and was getting close to a break.
UNFORTUNATELY we have seen a break bearish after testing and rejecting the top wedge line and we are not at some very dangerous levels. ONT is currently flirting with the previous bear run low of 1.753, and should find support here in the 1.70's. A break below that could do some real damage so exercise EXTREME CAUTION.
Prices below these levels are really unexplored territory for ONT/TUSD, and I would be surprised if we ran all the way down to the 1.00-1.10 range before we find another level of support. If the price breaks below 1.70 and the bulls cannot fight back, 1.50 would be the best case scenario of support. Psychological levels have a lot more impact than you think, and 1.50 does have some price action previously... but not enough for me to be confident in it holding.
Will keep everyone updated as time passes, but right now.... bears are in full control.
J_DOT_CRYPTO
Callin' it like I see it!
ONT Rejected at 26MA on 1HRNo surprise here! Same thing we have been seeing over the last week or so! Bulls gain some momentum, break the 12MA and get SHUTDOWN when attempting the break the 26MA.
Although the longer this goes on, the tighter the difference between the two will have to become and that's when we need the bulls to strike!
Pay attention to these trend lines! The bears and bulls have both been using them and it's important to know who is using which as support/resistance and more IMPERATIVE you are looking at the right time frame!!
If you can identify these trends, you can STILL make money... even in a bear market like this!
J_DOT_CRYPTO
Callin' it like I see it!
ONT: Multiple 4HR Bars Before Inside Bar Breaks BearishONT saw almost 12 hours pass before the inside bar finally broke bearish. Higher lower patter broke, and we are in full bear mode right now.
Bulls continue to lose the moving averages as support. If you look back before the last bear break, the bulls were coming in HOT with volume to keep the moving averages as support. Eventually their steem ran out and now the bears are fighting to do the same. We are seeing continous decreasing volume with each 4HR bar until very minimal and then the bear bomb drops with a large volume spike and a drop in price.
Ideally the bears would like to push the price down below the bear wedge (red) that we are seeing right now and push to new lows. Not a lot of action at the price level on Binance in the past, we don't have much to go off of which is never help.
Right now, I am playing it patient. I do have some money in at this level because there has been a lot of support in the 1.80-1.95 range. The bulls will fight to push the volume higher in the 1.90 range before making a run at 2.00 which will be a HUGE TEST. Moving averages are pushing down lower and lower which I think the bulls REALLY LIKE at this point. Having both so close together makes for a HUGE resistance level to break.
Keep a close eye on the wedge I have posted in red. As you can see.... we are getting VERY CLOSE.
J_DOT_CRYPTO
Callin' it like I see it!