ONTBTC
Ontology on critical resistance. If it holds above, bag ‘em.Follow me for more ideas. It will give me motivation to publish more ideas.
Another my favourite blockchain Ontology is facing critical resistance. However rsi is conforming convergence so, we can get huge upside move.( The only thing which can drop ontology’s price is BTC/USDT.) If it holds above $0.5, i’ll suggest to hold for medium term.
ONTBTC 10% upside market buy now(NEW)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
ONTBTC 10% upside market buy now(NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
ONTBTC 4hour chart. Speculative XABCD setup.
10% upside from here. market BUY now.
This is BUY/HOLD setup. Hold time 2-6 days max.
I'm expecting everything to pump into BTC halving.
What happens later remains to be seen, let's focus
on one trade at a time for now.
get subbed to stay tuned for all the latest updates.
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good luck traders!
ONTBTC Double Bottom| S/R Flip| Pull Back Entry Evening Traders,
Today’s technical analysis will focus on ONT/BTC, breaking a key level with conviction; an S/R flip retest is likely for a trade entry.
Points to consider,
- Resistance breached
- S/R flip for confirmation
- 200 EMA immediate resistance
- 21 MA confluence (upon S/R Flip Retest)
- RSI in overbought
- Stochastics in upper regions
- Increasing bull volume nodes
ONTBTC has broken an important level with candle closes above; price was consolidating under resistance giving a sign of increasing buy pressure. A Support/ Resistance flip is probable for a confirmation of the now support.
The 200 EMA is current resistance (candle has not closed above it), price is likely to respect it initiating a rejection. The 21 MA on the other hand is likely to be in confluence with the S/R flip retest if price retraces (it is likely to align).
The RSI is in overbought conditions, sign that the current impulse move is overextended. While the stochastics is in the upper regions, can stay trading here for a while however stored momentum to the downside.
Increasing bull volume nodes are evident, can be interpreted as a sign that buy pressure will continue to test upper regions.
Overall, in my opinion, ONTBTC has breached a key level; a retest is highly probable to confirm an S/R flip – allowing for a pullback entry.
What are your thoughts?
Please leave a like and comment,
And remember,
“Whenever I have had the patience to wait for the market to arrive at what I call a Pivotal Point before I started to trade; I have always made money in my operations.” - Jesse Livermore
ONT/BTC TA Update (new accumulation zone?)ONT/BTC
ONT broken key support at 680 sats level and made a new lower low, with this,
the market structure is now broken and it will take a lot of action before a new setup is potentially feasible.
But based on the trend-line of support I made, the area between 600-500 sats levels
has the probability to become new accumulation zone for ONT future growth.
Bless Us $ONT $ONTBTC #Ontology
Weekly
ONT on the weekly showing a major downtrend since all time high. Price currently sitting at 899 satoshis, stochastic rsi showing momentum is in favor of the bears on the higher timeframe which is a good sign we could be seeing a reversal.
Weekly (Zoomed In)
Taking a closer look at our weekly we see ONT has formed a double bottom and found support at the 650 zone. Momentum looks to have formed a higher low, which is another good sign that this could just be the beginning of a big move.
Daily
Looking at our pattern timeframe we see ONT has broken out of a minor downtrend and tested again for support, this is when we saw momentum shift towards the upside. Price then set a higher high on Jan 31st with 825 satoshis, and has since been continuing toward the upside. Feb 4th left a strong bullish engulfing candle, destroying our resistance from the Nov 23rd consolidation which leads me to believe we will also destroy the next resistance of 1000 satoshis. A daily close above 898 is a good sign we are heading up.
he Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Foot On The Gas $ONTUSD $ONT $Crytpo
Weekly
Zooming out we can see ONT has been in a major downtrend since our all time high (close) around $9.25. Price is now sitting at $0.77, with our ATL (close) around $0.45. If we are simply looking at it from a risk to reward perspective, I think it’s a no brainer. Stochastic RSI showing momentum is favor of the bulls with no signs of slowing down.
Weekly
When we take a closer look at our weekly we see price has broke out of a minor downtrend, however lets us not forget we are still in a major downtrend. With that being said, this is still the weekly timeframe which means this is still a big move coming whether its the end of the bear market or not. Last time we were at this price we saw ONT make a radical move from $0.60 all they way up to $1.50. Before we get a push to $1.50, price has to break through it psychological resistance of $1.00. A weekly close above $1.00 indicates we are looking to set a higher high which is a sign we are in an uptrend.
Daily
Looking at our trigger timeframe we see price has slowed down and found resistance at $0.7850, stochastic RSI showing momentum slowing down as well and we could be seeing a possible retracement. The bullish engulfing left on Feb 2nd is a good sign we could just consolidate at this before making a radical move towards the upside, otherwise expecting a sell off towards $0.70
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.