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ONTBTC

ONT ready to deliver a 50% to you.Hello friends, welcome to this analysis on ONT. ONT is a really good project and it's favorable in the crypto land at the moment and you can see a lot of people are talking about it so you can expect some more upside from it. As you can see in The chart ONT has cooled down after a massive run and it has formed a falling wedge. the target of the falling wedge is gonna be around 7.3k sats. you can see that the price action is up trending inside the triangle and is getting ready to break up. As a trader, you wanna wait and identify the breakout and then buy the breakout. remember the break-out must have good volume and you should wait for the candle to close for confirmation. However, if you look at the RSI in 4-hour chart you can see that it has pulled off from the oversold area and is up trending to the upside which is giving me some confidence that we gonna see a break to the upside. I'll update this post if I see the breakout. Good luck trading. ;)
by Trader_Shayan
1
ONTBTC I like to buy long-term ONT. So I am waiting for BTC moves & watching that yellow triangle, with as usually important FIBO level 618. I can see death cross at this 1 hour timeframe and low , avarage volume. It´s not very good but ONT is a very new token and "awesome rating" investment by wallet investor prediction. So, I watching good entry point and what will happen in near future at the apex of this yellow triangle/flag formation. Firstly, I need to see trend above greenline EMA 200 + more decent volume spike above avarage zone. I will update. Mario Emvo. *This is not a financial advice. *Only for education purposes.
Long
by EmVi
This is Ground Control To Major ONT....Back at ya with another request, this time its ONT (Ontology), This one was tricky for a sec until I realized that we had a failed impulse wave after the original correction forming a WXY Double Zig Zag pattern. Also known as a Double Elliot Wave Combo. If you don't know about this, it means we had a failed impulse wave and an extended correction. Two ABC correction connected by an failed X wave, and then hopefully we've corrected enough the second time and ..... 3 .... 2.... 1..... COMMENCE LIFTOFF!! But, sometimes we get stopped out again and turn into a TRIPLE Elliot Wave Combo or WXYXZ Corrective Pattern. However, I feel with all the bullish sentiment going around right now we won't have any problems once we finish our retracement. I believe we still have a small bit more to retrace so that we can hit the 0.5 Fibonacci level, and then we can go to the moon guys. Target for bottom of C is about 42,200 Satoshis. And because this is the completion of our first correction, our next large scale impulse wave structure is wave 3, which commonly hits the fibb extension of 1.618. I put this Fibbonacci Extension on the chart for you guys to see. Next long term target is 132,000 Satoshis for wave 3!!! I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
Short
by x28Jakke
1