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ONT

Ontology Ready for Another Breakout from a Descending Wedge.Hey, I am back with another Technical Analysis, this taking lookg again at ONT a s its acting really strong ! Last time I ve posted Ontology in a Pennant Breakout Pattern, which broke right after publishing, link down below in Related Ideas. Moving on. 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. That was in short about Ontology. Taking look at the chart. There is a descending Wedge bullish pattern that has been drawn. Seems like its croosing downtrend line and about to break, good volume, but still can be denied. Taking look at Indicators. MACD gives buy signal with strong buy volume for that short period. RS I is at the bullish levels, bounce from 55 would be Ideal. Good buying Volume. think thats about it. Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
9
ONT/BTC Trading Opportunity ONT went higher than the previous AllTimeHigh. We need to wait and see if today's candle closes above the red doted line for bullish confirmation. Good entry for us will be right at the red dotted line around 0.0006997 level. If the price closes above then our first target will be around Fib 1.618 level which is 0.0010575 level which gives us about 50% gain. Good Luck! This is not a financial advice, and please trade at your own risk. If you like this analysis please hit like so I can publish more analysis in the future. I also accept donations (BTC,NEO,ETH, LTC), and if you like to donate please message me directly because I can not post wallet address on here.
Long
by blee300
ONTOLOGY(ONT) - WHEN IN TOP3 - 4000% POSSIBLE PROFITHi Guys! Do you remember our last ONT analysis (link down below)? We already reached level of our wave 5 from previous analysis. So WBM Team was right! Keep follows us to reach higher levels! As it grows so rapidly with such a high volume (up to 15k Bitcoins/24h) we can expect ONT to be a real hero in 2018. In terms of market cap ONT is at 17th place. What happens if it is in TOP 3. It has to surpass Ripple in its prosperity time. Ripple's "prosperity price" was 2,5 USD/coin. It gives market cap over 98 bln USD. Taking into account ONT's market cap is now 2,44 bln USD it should make 100 bln market cap. This is a lot of money!. It can take a year, two or five. We don't know. As ONT is strongly connected with NEO and NEO had a great ride making even more profit (350X in 2017) this scenerio is likely to happen. This SOUNDS CRAZY but that is the way it can be in our crypto world. Their project IS NOT another Etheruem, it is fresh and with very small competition in this this field. Just to remind you about ONT project: This is absolutely massive. It has 5 white papers (3 already published and 2 to be). There was NO ICO 0.00% . The total amount of tokens is 1 000 000 000. They already gave away around 25 % for NEO hodlers, community and attendees of dev conf. They might reward community for following their facebook -1.21% or twitter accounts. It is really hard to describe it all but here are the essentials: There was no ICO 0.00% . They launched ONT -0.15% at the beginning of March 2018. For 1 NEO one got 0.2 ONT -0.15% . They are backed by massive team (40 people which most of them are IT senior engineers). Everyone with photo and description. info.ont.io CEO Jun Li is also founder of Onchain startup (2014) backed by Fosun Group (Conglomerate from China) Their goal is to incorporate blockchain into current, real existing businesses. The want to bridge real world with NEO to relieve businesses from tech development They are strictly connected to NEO NEO focus is public, ONT -0.15% focus is private NEO stands for digital applications, digital new economy, ONT -0.15% stands for bridging real economy with digital economy NEO new digital apps/businesses, ONT -0.15% wants make it possible for current business to become digital companies They are aiming to governments, health services as well as private bussines, IoT 0.00% , people, data and many more At protocol level and application level NEO focuses on digital assets and smart economy and ONT -0.15% focuses on trust identity, distributed data and trust with collaboration scenerios. They want you to be in control of your data. They treat data like a gold 0.68% . ONT wants to create separate blockchains for businesses to store their data without possibility for 3rd parties to access and view them.1 business/process one blockchain. Token structure is similar to NEO – when you hold NEO you are paid gas and when you hold ONT -0.15% you will get ontology gas – each block 15- 20 seconds ONT is listed on Binance, Huobi, OKEX, Gate. io Technical analysis details: SMA6 over SMA 20 MACD bull's cross & positive convergence Volume Flow Index - bull's cross Weis Wave - we are in accumulation and growth phase - we can expect small correction but it will be signal with a red bar. Stay tuned and don't forget to follow us, comment and give a like if you agree with our idea. ************************************************************************************************************************************************************************************ HUGS. Your WBM Team
Long
by WBM_Team
18
ONT 146% Trade potential and just can't seem to stopA lot of information in this chart but the potential for a big trade here. First lets talk about Wave 3 subwaves Wave 3 was extended so we should assume a .786 extension of waves 1-4. ONT reached just above this mark before starting its wave down so the count is very likely to be correct here. Now the primary waves Wave 3 did not reach the 1.618 extension of waves 1-2. This is incredible considering ONT's run this far. Wave 2 retraced into Wave 1 Subwave 4 so this count also has a high degree of credibility. What this means If wave 1 and wave 3 are not extended, we should assume an extended 5th wave. Which is unbelievably marked on the chart. The Targets Buy zone - 88000-81000 Target 1: 12289 Target 2: 14150 Target 3: 20800 ?!?
by Murdiuss
ONT Prediction - Studies of buys zones Hi traders, I tried to take a little more time to study the ONTBTC chart Unfortunately I did not see the "RSI divergence" otherwise I will have avoided a loss last night ... It clearly announced a reversal of trend validated today. By taking a closer look at the support lines and the resistances, several buys areas are possible. I think it will be necessary to be careful and wait for the confirmation of a rebound. The claws of bears can hurt ... Please excuse my imperfect English. Good luck to everyone !
by batdan
ONTOLOGY ABC Correction BUYING OPPORTUNITYIf you're looking to enter ontology after this huge run up, this may be the chance to do it. I am looking at a flat ABC correction because of Elliot waves 2 and 4 were pretty flat. If there there is strength in the bulls i expect the correction to be pretty flat. Because there is an extended wave 5 I do think it can break to lower lows closer to the top of wave 4 for C correction. But with that said, I'll have a position open to enter at lower prices and look for continuation.
Long
by WiThConFi
Ontology (ONT) - The big bull run!Since our last public post on Ontology (see chart below), Ontology has more then doubled in about a week time. Previous post (19 April): If we look at the ONT graph today, we see an amazing gain, especially compared to previous levels. Ever since March, we actually made over 500-600% gains. Even today, the price is spiking with a whopping 18% (and that's not even to the daily high at 0,0012 BTC. But how long can it last? I placed my sell orders increasingly near the Fibonacci lines so that I could take some profit on this gem if it were to run as fast as it did. And I still have a small position for which I'm trying to get that 0,0012 BTC level. However, if you are still in this position, I believe that fundamentally it remains an incredible gem with still a lot of growth potential. But the chart is trying to warn us now. You can see how we hit the first crucial resistance level in (1), and at the same day today the second one in (2). These resistance levels are very strong and can definitely cause the price to correct. Which would also be very healthy (after such a run up!!!). Be happy, don't forget to take at least some profit. And if you love this one, don't necessarily sell everything you got. (also note that the MACD and RSI are in the overbought areas) Finally, if we zoom out to the daily graph, we could say that this is the finalizating of the fifth Elliot Wave, which would logically be followed by, say, an ABC correction figure. In the meanwhile, definitely have a look at #TKY - this is a gem in the same NEO ecosystem, but still largely undervalued. Note: this is my personal opinion, not formal investment advice - DYOR! :-) Note 2: I love getting thumbs up, makes me feel like I'm helping the community and people are actually reading this free stuff ;-)
by A_Cryptastic_Mind
2
ONTOLOGY: LISTING ON UPBIT = 117.14% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 25th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 117.14% PROFIT!!! The increase in price may also be explained by positive developments including: April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms. April 25: Ontology (ONT) releases their IDE integrated development environment), Smartx. April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese. April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center. 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. There are plans to add further programming languages in the near future. April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -2.70% protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricty. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future. (NEW) May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust. (NEW) May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels. (NEW) May 3: Upbit (Korean Exchange) lists Ontology. (NEW) May 3: Korean Exchange Upbit notes that it will give 5% of $ONT holdings to customers who hold ONT coins at the time of the snapshots. It has been noted that almost all of trading volume (100%) for today is coming from overseas exchanges (mainly consisting of Chinese and Korean exchanges). It is believed that a surge in volume is driven by Ontology's listing on Upbit.
by CryptoTradeSignals
Ontology in a Pennant Breakout Pattern.Hey, I am back with another Technical Analysis this time again looking at Ontology. Last time I gave call to buy at 4,700, if you traded with my advice you could make up 100% in a week, not bad. Moving on. 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. That was in short about Ontology. Taking look at the chart. There is a Pennat breakout Pattern that has formed, this pennant often leads to breakout, but can sometime lead to an breakdown. Thing is this chart doesnt have enough data as ONT isnt long on the market. ONT is currently around ATH in terms of satoshi value, which could discourage some people from trading this Crypto, but it looks like there is a still room for additional growment. If everything fails 6,800 is a strong bounce support, another long. Taking look at Indicators. MACD headed below 0 fewer sellers, bearish divergence so far, can turn up at any moment with enough volume as it may bounce from RSI support level, if not it should bounce slowly back from bottom line of the triangle, if even that fails, it looks like no breakout would be happening. RSI needs to stay above 53 to remain bullish, clear support on 43 and ressitance at 53 which is the good bullish zone, it would be Ideal if ONT bounce from support now, but RSI can fall to 30 and below and then at good tempo be headed back to cross both 43 and 53 to became full bullish again. Stoch shows somehow bullish divergence for now. Good Volume . I think thats about it. Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
2
ONT: 30 minute chart. Bullish patterns. New trade entered!I've decided to re-enter ONT. The EMA crossing confirmed on 30min. Bull flag is still valid. A bull pennant has also formed. See new targets determined by Fibs (potential supports and resistance) flag pole lengths. ROOKIE trader; Follow at your own risk! -Solid horizontal orange line: I bought at that price -Dotted horizontal orange line: mock buy, not in the trade yet -Solid horizontal pink line: Stop loss/sell implemented -Dotted horizontal pink lines: Targets
by infbp22
$ONT UPDATECongrats to anyone who played $ONT since my last chart, and especially those who bought earlier. My entry didn't quite hit, but you would've made a damn good profit if you got in near the target. $ONT is clearly overbought and I can't imagine it going much higher for now. I didn't include it, but we've seem to have completed 5 elliot waves and I'm expecting a correction to the 0.5 fib/0.236 fib/support area in the first green box. Second entry target would be the 0.382 fib/support area in the lower green box. We could see a cup and handle pattern forming before taking off again prior to the June main net launch (just a guess as to how the correction plays out. But then again, this is crypto so it could just keep going up) Tentative target is the 1.618 fib around 155k sat range. Happy trading!
by oniedarida
4