ONT Going UpONT has broken out of the falling wedge, and has now bounced off of a very strong long term support on the hourly charts. The rsi on the daily has been oversold for a while, which is also the first time it has been oversold in the history of ONT trading on Binance. This might be a good trading opportunity. Cheers and goodluck trading guys.
ONTBTC
$ONT paired with $USDT overbought & possible trend reversalDecided on another entry here with $ONT paired with $USDT based on 1D bullish divergence indicating a possible trend reversal to the upside and also off the .618 fib. Price re-testing previous support, oversold on 1D as well as 4H oscillators. Im anticipating price to head into VPVR levels on the 4H. As always, indicators give us great signals and high probability trades, however the market can go against you at any time. All it takes is a MM $BTC dump and Alts go with it. Risk management is king as I always say. My stop loss set up just under previous swing low support at around -5% approx. Prior gains and risk/reward potential far outweigh my stop losses getting taken out in this case. I use the TTPro tops and bottoms alerts indicators developed by a friend and mentor. If you are interested check them out at turbotraderpro.com Not financial advice, trading crypto can be risky, please do not base your trade decisions on my posts. Do your own due diligence. Peace.
ONT - FIB SALE for Ontology - 78.6% of it's June/July pricesLooking at the daily chart for Ontology, it has a very fast correction and is finding support on the .786 Fib retracement mark. Bullish divergence on the CCI and a bullish crossover on the MACD may indicate greener candles in the near future. I'll be watching for a confirmation bounce showing me strong buyer support, but this is a steal of a price.
ONTOLOGY - FREE FALLING. Where will it stop?Ontology has been falling freely since 7 June. The price has depreciated by 68%.
It is moving below 9-day EMA which is a big problem. It is now moving into a critical zone, 0.786 Fibonacci level.
This corresponds to 0.0003575 BTC. The RSI has been way too oversold for so long. It's just a matter of time when it reverses.
It should rebound from the 0.786 level else it's gonna run into some serious trouble.
The profit taking targets can be next fibonacci levels.!
Wait for the signs of reversal before entering any long positions. If the current support level holds then i will enter the trade.
(I can post the chart with in depth analysis using indicators if people need it, but as for now, this should suffice.)
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
ONT looking bearish As it is the case with many other altcoins, ONT is looking bearish. Similarly to IOTA, ONT performed a perfect re-test pattern and continues to go down it seems. The coin is still trading within a channel/wedge and it is unable to test the resistance of the channel but on the other hand, it is constantly creating a series of new lows. The price action failed two times at the horizontal resistance area and it is now pushing down again. The first level of support is the previous horizontal support to the pair around 0.0003700, if that breaks, then look for a bigger move to the downside to test the channel support. For the coin to recover, it first needs to clear the horizontal resistance before eventually racing higher to test channel resistance in the 0.000300 - 0.000320 area.
ONT finally looks to confirm its bottom.ONT has been in freefall for quite some time but it looks to have finally completed it's selling here with the MacD reaching it's bottom and crossing over at last. The weekly chart also saw ONT as one of the most oversold currencies in the whole market and the daily RSI remains low. The daily and weekly 9 in conjunction should give this a strong bounce as long as market conditions stay half decent. Take a look at the hourly chart as well which is creating a nice ascending triangle, next step up looks like it could come later today.
How I feel about most alts right now...Aside from a few strong performers at the moment (DGB) most alt charts are close to retracing all the way back down to a bottom. Ont looks to be on a clear path back down to the floor also, especially now the main net is live and hype has dissolved.
So yeah, no technical analysis here really, more a tongue in cheek representation of the crypto market right now... this is even more prevalent on exchanges like Kucoin.
ONT - Time for Ontology to turn around? (+300%)Quick and easy -
ONT has been slaughtered recently - after a beautiful run up quintupling initially (where I guided the readers nicely :-) ), the cryptocurrency stood ground for a while but then got sacked just like all the other ones. Currently touching the last Fibonacci retracement level, having the RSI in an extremely overbought region, and the MACD about to make a big golden cross, this might be the time for reversal.
Just a heads up from this guy! ONT is a solid gem and now available on the cheap.
ONT - Perfect 3rd - Target 400%ONT perfect wave 2 effect with a complex complex, the end of end is too big to the power of 3 hubs with strong 400% profit.
Also note that the 9400 is very important, as it can extend 3 more wave offs ONT 0.81% about 2600, default if this script is very few happened
EP: 4500
TP: 9000
TG: 22000
Good luck
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$ONT, Nose Dive.
Daily
Looking at our trend timeframe we see major resistance has formed at 9000, stochastic rsi showing momentum is heading towards the downside. Lower high and lower lows being formed, expecting price to fall towards 5000. Higher timeframes showing no signs of slowing down, will be watching daily for confirmation of reversal.