Ontbtclong
ONTBTC formed bullish BAT | Upto 56% move expected
Priceline of Ontology (ONT) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: 0.0000757 to 0.0000701 sats
Sell between: 0.0000892 to 0.0001096 sats
So mid term trade has potential to give upto 56% profit move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
#Ontology Good Areas To BuyEntry : 0.0000721 - 0.0000689 - 0.0000637
Target 1 : 0.0000803
Target 2 : 0.0000883
Target 3 : 0.0001011
Target 4 : 0.0001189
Target 5 : 0.0001386
Stop loss : 0.0000604
Risk/Reward : 10%/113%
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
ONTBTC 1D - BULLISH SET UP + ASCENDANT TRIANGLEGood reversal set up drawing an ascendant triangle. Surely going sideways before breaking upwards.
MACD is on bullish side recently crossed zero line
RSI is over 50 after supporting on that level, that usually means RSI is on bullish side.
CMF oscillator crossing zero line with strength since lot time ago
PA breaking 55EMA (not happening sice FEB19) and looking the bullish crossover
Support is trendline drawing the ascending part of the triangle, target of the trade can be 900-1000 at least.
ONTBTC has hit the support | Upto 367% profit expectedThe priceline is moving within a falling channel and hitting the support after Dec 2018.
The MACD was strong bearish but it has turned to weak bearish.
RSI of week chart is visiting oversold for the 1st time.
Stochastic is also oversold and gave bull cross.
After taking complete price action of channel within fixed range of volume profile it can bee seen that the traders interest is weak here.
The priceline will move up soon to hit the sell targets insha Allah.
I have defined the targets as per fibonacci method and those targets are as below:
Sell between: 0.00021413 to 0.00035931
Regards,
Atif Akbar (moon333)
IS THIS A REAL BAT ON ONT LET US SEEWe think that ONT Finished to form bat pattern and we will start to go up targets you will find on chart
STOP LOSS close daily candle under Buy area
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ONTBTC - Good buy opportunityHere's a sweet Symmetrical Triangle , waves indicated by arrow and Target given by T1 and T2. Mostly chances are with upside breakout...
Blue range determines the Final target. Currently, the market is testing a golden ratio of 0.32.
If pattern breaks then it may probably come to our support range(Purple box)...
Trade with stop-loss