ONT: Resistance Line Testing & Trade OpportunityONT has it's RSI hovering the mid to high 40's range where it has broken out from in it's previous runs.
I will be entering a short-term time frame trade on ONT. It has underperformed so far in a very green day.
Buy ONT @ .0005691
Stop-Limit set to trigger @ .0005602 & sell @ .0005335
ONTBTC
ONTOLOGY(ONT) - Potential 2018 Killer - 400% during last 2 weeks
Hi Guys.
Again thanks for your support, likes and comments. YOU ARE AWESOME.
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Finally found! Potential killer for 2018.
When BTC struggles, ETH struggles ONT goes constantly up. Last week 100%. If someone bought it 2 weeks ago his return would have been 400%!
In such unstable cryptoworld right now.
So this project might be the answer. It will make us possible to make money. Finally.
So to the point.
This is absolutely massive. It has 5 white papers (3 already published and 2 to be). There was NO ICO. 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 or twitter accounts.
It is really hard to describe it all but here are the essentials:
There was no ICO.
They launched ONT at the beginning of March 2018. For 1 NEO one got 0.2 ONT.
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 focus is private
NEO stands for digital applications, digital new economy, ONT stands for bridging real economy with digital economy
NEO new digital apps/businesses, ONT wants make it possible for current business to become digital companies
They are aiming to governments, health services as well as private bussines, IoT, people, data and many more
At protocol level and application level NEO focuses on digital assets and smart economy and ONT 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.
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 you will get ontology gas – each block 15-20
seconds
ONT is listed on Binance, Huobi, OKEX, Gate.io
Here is the example from medical services from every day life.
Imagine your dad visiting doctor/hospital/pharmacy – your dad sends medical data (history) to doctor and pharmacy. Doctos gives his credentials to pharmacy which gives your dad his medicaments. ONT service gathers all data, process them securely and sends them or gives access to the hospital where your dad has planned surgery. When he goes to another doctor he has all medical documentaion with him and doesn't need to ask 3rd party for documentation withdrawal.
Summary: ONT stands for trust, identity, data exchange and authorization
Here are some technical analysis details:
MACD positive convergence
DMI bull's cross
Rising interest = rising volume
1-5 and A-C Elliot wave pattern finished
Another 1-5 Elliot wave pattern has just started
SMA 6 crosses SMA20 - bull's cross
Target 1: 0.00072000
Target 2: 0.00092000
Stop-loss: 0.00045000
These targets should be achieved even within days.
Next ATH highly likely.
We may encounter returns as it was with NEO in 2017.
Stay tuned and don't forget to follow us, comment and give a like if you agree with our idea.
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HUGS.
Yours WBM Team
Another big move up for ONT? To good to be truth! At the moment we are trying to break resistance for another big move up.
Buy: when we close with a candle above blue resistance line.
Take profit:
Target 1: 0.0007592
Target 2: 0.000948
RSI is positive
MACD is giving a buy signal
I will give small updates on Twitter, not here.
ONT is up 44% since I bought, 92.4% in the last 7 daysI happened across ONT the other day, shortly after it was listed on Binance. It appears to have a C&H formation and another 40-50% growth expected to complete the rally after the C&H.
This may be a good lead indicator for the upcoming bull run.
XVG TRX and BTC are all on the edge and ready for this upcoming bull run, probably a lot of other alt coins as well. Be on the look out for opportunities. When this rally begins, it may push till November and you might have the opportunity to see 1000% to 5000% or greater returns on some coins.
HINT: Horizon coin ICO is coming soon!
ONTBTC (Volume Analysis Prediction 3/30/2018)One of the few coins that continue to grow
Forming the ascending triangle
If the stop is executed, it will be a change in the uptrend
We must understand that the coin is new.
And for this purpose we calculate matimatically. (Fibonacci)
Entry point: 0.0003501
Stop: 0.00025889
Target1: 0.00056862
Target2: 0.000671
$ONT reaches psychological resistance at 0.00070000$ONT pumps to a record high of 0.00069970 on Binance, which is 20% higher than previous resistance at 0.00057900. Looking forward to continuation of upside move after some profit-taking activity here.
Optimal entry for bulls: 0.00058595
Optimal exit for bears: 0.00066492
ONTBTC - May just be the beginning! No ICO, not too much marketing and hype, but the hype is behind the scenes. Could this just the first wave of something bigger?!?!
I originally placed the Fibonacci on the first wave that popped and ONT traced all the wave up and hit my target of 69500SATS. But now that it it seems to be correcting itself (with a double top), I'm second guessing myself as I placed out a new Fibonacci and low and behold, it looks a lot prettier than how I had it previously. Let's wait for the corrections and see what happens over the next couple of days.
Below is a chart of what I previously had going.
What are you thoughts?
ONTology VS Bitcoin Uptrend ContinuationAfter forming a strong support at 14700 satoshis, ONTology started to move up, reaching the previous resistance level at 33800 satoshis. At that point consolidation has started in form of the triangle patter. Today price broke the triangle pattern and previous resistance, suggesting the continuation of the uptrend.
Although the correction down towards the triangle area could take place, the trend remains bullish and could result in ONT/BTC growth towards 60k satoshi area on the next wave up. Break and close above the 60k resistance could send ONT much higher, while rejection should send price back towards 30k satoshis area.
On a downside, break and close below 26k satoshi support should invalidate bullish outlook and extend the consolidation, but it does not seem that it could result in a downtrend.
ONTBTC - Still mooning?I figured ONTBTC was exhausted after that last run. Boy, was I wrong. After reaching it's ATH, ONT is back at it attempting to break out yet again. I believe it's just the B wave of an ABC correction.
Only Time will tell. TA is not a chart of certainty.
Applying Andrew's Pitchfork here should help guide the price action up and watch for a downtrend. Happy trading!
ONTBTC - Consolidation Before Flag Breakout?Big question at the moment - Can it keep climbing? Not much history to rely on and the risk of a correction is present. However, with each day we obtain more information that could hint at what could come. I had been looking at shorter time intervals, but here looking at the 4H Interval and the RSI and MAC D appear to show a general trend up. The recent consolidation of the flag is causing a return to the trend lines on the RSI and MAC D. It appears that this consolidation could a take 12-16 hours before we see the return to the trend lines and then potentially breakout again. In the interim, the .736 fib retracement level has recently been acting as support over the last few hours. This will need to hold up in order to prevent a break down from the flag pattern while consolidation takes place.
The riskier move would get in around the bottom of the flag pattern above the .736 fib retracement level at about 0.0004200, with a stop loss just below it. However,the more risk adverse play would be to wait until the RSI and MACD trend lines are back in play before making any moves and to look for the bounce first.
Target is set out based on the size of the pole between 0.0007000 and 0.0007500.
Anyone agree or disagree? Welcoming criticism here.
ONTBTC - Larger Ascending Wedge Pattern - A waiting gameMy previous post yesterday was related to the smaller ascending wedge pattern that had a break out down causing the recommended stop loss at 0.00042500 to trigger. Since then I have been out and watching the RSI, as I indicated in my comment to the last post. On the 30 minute chart, the 60 and 50 RSI levels have acted as strong support during the recent runs. Now we are looking at the 4 hour chart and the bigger pattern.
ONTBTC has seen resistance from the top of the ascending wedge on three occasions and is currently butting against it. Personally there is too much risk for me to jump in at this point in time even though the overall trend has been relatively strong. Before buying back in I plan to wait for a breakout above the top of the ascending wedge or for it to find support on the bottom of the wedge.
ONTBTC trading ideaONT to the moon, if big daddy ( BINANCE:BTCUSDT ) permits!
Entry — 36099
Target 1 — 46212
Target 2 — 65987
Target 3 — 85395
Target 4 — 97691
Indicators looking goods
Upcoming events:
31/03/18 - Test net will be up by end of March, and main net to be in Q2.
14/04/18 - NEO Council will be holding the NEO.Amsterdam Summit at the DeLaMar Theater in collaboration with Distributed.Foundation.
Happy trading!