Ontology isn't climbing up now!As you see the chart above, I think wave 1, 2 and 3 are completed and it's within wave 4.
Due to wave 2, I considered a timing correction pattern but maybe another one happens.
So a huge correction pattern should be completed.
Therefore pay attention if you need to close your trades!
ONT
ONT LongThis is a gem this coin shouldn't even have a futures on Kucoin but it does. this hasn't even broken it's initial resistance but it's testing that resistance now. I'm going to have to full send and put all my money into this position. This is currently my favorite position that I'm going to take out in futures. this is going to make me alot of money.
ONT/USDT Update: Using 0.6 Fib as new support. Target still 8$ONT did break out of the narrowing wedge in yellow.
Since then ONT blasts off eyeing for new ATH.
On the way we got a bigger pullback in April and according to Fibonacci retracement levels we've found support around the 0.6 level.
Currently we are moving through the 0.3 level which indicates more upside movement.
In addition the volume overall keeps increasing and we are still far away from our target around 8$.
This pullback nearly did send us back below to oversold area.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
🆓Ontology/USDT Map (26/4) #ONT $ONTThe dip zone of ONT may be 1.3-1.4$ so we will try to buy ONT close to this zone for the next rally up to 2.4$ and 3$ zone in June
📈BUY
-Buy: 1.27-1.33$. SL B
-Buy: 1.37-1.43$. SL B
-Buy: 1.56-1.64$ if A. SL B
📉SELL
-Sell: 1.9-2.0$. SL A
-Sell: 2.35-2.45$. SL A
-Sell: 2.95-3.05$. SL A
♻️BACK-UP
-Sell: 1.27-1.33$ if B. SL A
-Buy: 0.97-1.03$. SL B
❓Details
🕯Timeframe : 1D
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Ontology in the beginning of the 3rd wave of Elliottcypher harmonic pattern targets:
AB=0.38 XA
BC=1.41 AB
tp1=1.27 BC=$3.4
tp2=0.78 XA=1.6 BC=$7
tp3=2 BC=$16
other possible targets:
tp4=0.88 XA=$10 *check possible reversal harmonic pattern in this price zone*
tp5=1.13 XA=$23
tp6=2.24 BC=$27
tp7=2.6 BC=1.41 XA=$63
tp8=1.6 XA=$132
NEO casually not giving a fk about this dipI bought NEO a few weeks ago in anticipation of this event. A few targets drawn up here, and this is only the USD pair.
When we look at the BTC pair, there could well be much further to go once we break out from this structure and surpass the ATH.
There is a recurring pattern of U shaped reversals that follow what ETH has done. Volume is a good indicator to check out the level of accumulation happening, and of course S/R levels.
Some other ones that share this characteristic are:
QKC
ONT
NULS
NANO
DASH
LTC
Notice that aside from the last two, almost nobody is shilling these on CT
Now that funding has been reset, let the run continue. I believe we have a ways to go
Weekly ONT on a logarithmic scale, with a lot of potentialTechnical analysis regarding the price of ONTOLOGY in relation of dollar Tether for the next scenarios, based on weekly movement.
On a logarithmic scale, the asset reduces the representation to a scale that is easier to view and analyze. The distance between one point and another is% of the total. That is, the distance between 1 and 2 is 100%, which will be the same distance between 10 and 20, between 100 and 200 and so on.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
ONT looks good in day graph as other long term charts.If you look to the chart of 1W and 1M you will see a massive desirous CUP.
I've been waiting for long times to see ONT's breakout.
It seems like it has broke the resistance level and keep moving on the upside of bollinger bands.
If market keeps going like that, ONT may go higher and higher. It may finish the CUP formation before we wait.
But as I said you should know how risky market is. If dominance and total2 charts does not move as we want, then we have to stay away.
This is not a financial advice and please DYOR carefully.
I will be very appreciated if you leave a comment.
ONT try to flip strong resistance ONT / USDT
on high time frames we can see its just starting to flip strong resistance since 2018 into support also volume is strong and possible gaint C&H pattern
If the bulls successed in flipping this strong resistance into support we will see more nice upward movements for ONT
Keep your eyes on it