ONTBTC UPDATE 7/7 EVE 4H/1DStarting to see some bullish signs, need to see it break the .382 to confirm bullish trend.
ONT
ONT Contrarian Setup 20%Waiting for ONT to hit previous resistance. There is a good chance it will bounce there for a good 20%.
When To Want Ont78.60% retracement is almost complete - On a bad day the candles could fall through and hit the 5th arc beneath but otherwise will rejoin it by either moving sideways or on the way down from a bounce - If Ont bounces here the range is as high as the underside of the 4th arc pair
ONTBTC short term Long pullback to EMA
ONTBTC
A bit weak Bullish Divergence on MACD-H (a bit more then 50% )
Strong Bullish Divergence EFI
RSI touched oversold zone
Then there is a false breakout, the new low has formed for now.
I expect it to go up to the slow EMA
Entry 0.0007330
Target 0.0007478
Stop Loss 0.0007250
R/R ratio: 1:2
How I got my entry at 0.0007320 :
ONTOLOGY(ONT) WAITING FOR A BREAKOUTOUTLOOK: BULLISH BIAS
Ontology is currently top 22 in coinmarketcap and top 15 in the past 24hr volume.
>7520 sats has been holding the price and tested multiple times in 4hr time frame and twice in daily.
>ONT is very attractive since it didn't pump that much since the price up tick in BTC un like other top 30 tokens & coins
>Same with MANA that pumped behind from top alt coins.
>In 1hr, 4hr & 1D time frames, all indicators are showing exhaustion from sellers and price might go up any time soon.
>A candle close above 7800 sats, above the EMA7 & upper trend line will confirm a bullish breakout
>Candle close below 7480 sats will push the price down to 7200 which is most probably the bottom
>RSI, Stoch RSI, BB%B & MACD is showing a good consolidation at the bottom waiting for a breakout.
>RSI is currently flat despite of a trending down of the price which could be a sign of a reversal.
>Waiting for a candle close for a confirmation.
>30% up is very probable
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
ONT close to a breakONT has been wedging in the last two weeks. The coin has been creating set of lower highs and the higher lows and has now managed to come all the way to the end of the wedge without a break out/down. Given that the coin is oversold on the daily chart, we may now start to move higher in case the price first breaks and comfortably closes above the wedge resistance.
If this option happens, which is more likely to be the case in our opinion, the price should look for the next level of resistance around 0.40000, which is a triple confluence of the 38.2% Fibonacci retracement, 200 MA on the H4 chart and a down sloping trend line. This mix of resistance levels will likely cause the price to immediately rotate lower, at least for a correction. Be wary of the price stopping first around 0.38800 level, which is a horizontal resistance. In any case, we expect the price eventually to reach the 38.2% retracement level.
All in all, if you are looking to go long ONT for the fundamental reasons, first wait for the wedge to be broken before entering into the trade. In that case, following levels are to be followed:
ONT
ENTRY: 0.37000 (or any closing level above the wedge)
Stop: 0.35500
Profit-taking area: 0.40000
ONT Daily Timeframe Update 7/4 Still haven't changed my targets,I'm thinking this is a extended/complicated wave 3/4... wave 5 won't be amazing, but the next wave set could be wave "3" (this being the 1/2) and we may see some excellent gains in the coming months to year end.
I'll watch and wait for now.
ONT - Do's and dONT's 4HR chartI feel kind of bad. Almost every chart I am putting out these days seems to have the feeling of sell sell sell and wait for the drop.
Onto ONT. This (chart wise) has been quite spectacular throughout the last 2 months. Holding its sat value of at least 7.9k.
I believe this has a high chance of being over. Not only did the rally up around June 6th fail to break previous highs, but we recently went under our old lows of 7.9k. The moving averages are also looking like poop.
My predictions for the fall (if it does of course which i believe it will) BTC looks horrible after all.
Drop to 6357-6678 with short bounce upwards to 7k-7.25k.
Then drop to 5600-5900 before making an actual attempt to regain its old value. The beautiful thing about a drop to this mid to high 5k range without bounding around at mid 6k, is that there is a lot of open space to encourage buyers to gain profits before we reach our old support of 7.9k. Also this decreases the chance that people who bought at 7.9 will want to sell out before we re-test at 7.9 (the concept of the cycle reaching 7.9 for a final re-test to be over)
I could say more, but it just seems like a waste of time at the moment. If this drops i believe it will most certainly hit 5.6k-5.9k. There is simply too much support at this level and too little in between.
Tl:DR The more lines closer together the better the resistance.
ONT going for a down swing?Last week ONT was in a triangle, to me it looks like it's breaking down.
I'm thinking, in bull case, it could go sideways a bit and extend the triangle.. then move up. But I think it's less probable. ONT had a really good run, made 5 elliot waves, double topped, with the 2nd top done on less steam.. it's kinda expensive to pump more at these prices, besides last season it made ~500% vs BTC, one of top gainers.. mainnet launched.. so maybe it's time for a swing down.
The break of the major support line is bothering..
Symmetrical triangles have ~50/50 chance of breaking up/down, so in case you're long, keep a tight stop.
Mine just got triggered, so I'm stepping to the sidelines to watch this coins and see how it behaves.
ONT // BTC / Patterns BAT-possible rebound in bearish trend lineONT is currently forming a BAT pattern where
first rebound was at 0.78% fibonacci
and possible rebound in support area and reach the long bearish trend line
trading risk
1/1
regards
ONT new lower highONT is currently forming a lower high compared to the 6.70 area from last week.
It's dropping lower versus Bitcoin in this moment, it should go lower as bitcoin is expected to drop later on.
I think the buy zone is pretty large but will be rewarding anyway.
3$ psychological but it could be a bit higher obviously.
$ONT (ontology) Levelssupports and resistances for $ont.
let me know what do you think about it.
Thanks.
ONT short tradeONT is currently a good short.
it is at horizontal resistance
it has a bearish divergence on the 1hr SRSI
RSI is nearing overbought region
it is currently in an ascending wedge, which is a weak pattern but tends to break down
It is in the OTE entry zone for shorting
It has a larger bearish divergence on the 4hr SRSI
4hr is on 8 count for Tom Demark Sequential
The daily chart is bullish but pullback is needed, target is .0008-.00084
ONTUSDT: Looking Strong and Primed to RallyONT has been making bold moves these past few hours and things are definitely looking up for the bulls .
Heavy media coverage for the NEO-based token is probably in anticipation for the soon-to-be Mainnet launch.
Will we see a continuation of this bullish climb? High volume and healthy climbs seem to suggest so.
We're buying in at 5.400 and riding the wave till Mainnet (June 30th). If you're thinking of going for the long range, please adjust your stoplosses accordingly.
Buy: 5.400 - 5.600
Short-term
Target 1: 5.888
Target 2: 6.284
Mid-term
Target 3: 6.628
Target 4: 8.025
Stoploss: 4.206
ONTOLOGY: MICROSOFT AWARD & UPCOMING MAINNET - PROFIT = 22.05% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of June 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 22.05% 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 -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA 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.
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 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% 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 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 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 -0.06% 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).
(NEW) June 25: Onchain wins the Microsoft Accelerator Shanghai Graduation Award.
(FUTURE) June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
ONT - Possible daily bottom reached?Take a look at ONT daily chart,
Nice support has been reached at fib 0.382 and out of bollinger.
It could reversal right here.
I will place my buy order at current price of 82.5k.
You’re more than welcome to follow me for more Analysis
***Do not consider it as a trade advice.
