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Ontology

ONT, take us to candy land!Let ONT retest this channel it just entered. It has a daily consolidation tightening pattern and will coincide with the 50 and 618 fib retrace. It's in re-accumulation and will jump across the creek. This is usdt pair so its a leveraged bitcoin play. Let's trade some BTC through ONT for some USDT! Buy- around 1.776-1755 Stop - Definitely use! but with bitcoins volatility its up to you how wide. Target- 2.132 not investment advice do your own research yes, use a stop loss If bitcoin doesn't flourish neither will this trade, but you're smart enough to know that.
Long
by ChaseWallace
2
ONT Currently Battling YUUGE Price LevelONT is currently fighting the 38.2% FIB level and it's looking like it's about to break! I really like the fact that the bulls have control of the moving averages as support, and the 12MA just crossed through the 26MA bullish. If we can get above this price level, the bulls will then fight again in a wide range zone between the 38.2% and 50%. Current resistance: 1.739 Next major FIB resistance: 1.957 Last time the bears and bulls fought through this zone for DAYS before breaking bearish. Keep a close watch over the next 12 hours! J-Dot-Crypto
by jreilly1310
1
ONT Daily Inside Bar Breaks BearishSURPRISE!! Bears in full control. Took a lot of time today trying to find SOMETHING positive for ONT, but came up empty. RSI levels are VERY LOW... but RSI isn't the best indicator as of late. If you read my post earlier, we broke the 1.75-.176 support... and now going to test out 1.70. Let's hope the bears are tired and the bulls can come out swining tomorrow. I'm a big fan of getting in at this price level, last two times we dropped below 1.70 we ran up to 2.88... but there is a little different market sentiment right now and BTC is not in the same state it was during those two time periods. High Risk: Get in now, set stop losses in the 1.40-1.45 range. This is only if you can't stand that volatility. Medium Risk: Get in now, set 50% stop loss at 1.65 and wait for bull volume and get back in. I don't always suggest to average down, but 1.50 has to be a big support zone if ONT bulls don't want to see a drop down to 1.00-1.10. Low Risk Option #1: Get in now, stop-loss of 1.70 Low Risk Option #2: All fiat right now. Wait for CONFIRMATION of bull momentum (volume/MA Support). You might lose 5-10% gains, but it won't lose money either. YOU HAVE TO BE SMART IN A MARKET LIKE THIS!!!! J_DOT_CRYPTO Callin' it like I see it!
by jreilly1310
3
ONT at DANGEROUS LEVELSOntology, just as the rest of the market, has been flirting with some dangerous levels as of late! As I noted in previous posts, ONT has a wedge set up and was getting close to a break. UNFORTUNATELY we have seen a break bearish after testing and rejecting the top wedge line and we are not at some very dangerous levels. ONT is currently flirting with the previous bear run low of 1.753, and should find support here in the 1.70's. A break below that could do some real damage so exercise EXTREME CAUTION. Prices below these levels are really unexplored territory for ONT/TUSD, and I would be surprised if we ran all the way down to the 1.00-1.10 range before we find another level of support. If the price breaks below 1.70 and the bulls cannot fight back, 1.50 would be the best case scenario of support. Psychological levels have a lot more impact than you think, and 1.50 does have some price action previously... but not enough for me to be confident in it holding. Will keep everyone updated as time passes, but right now.... bears are in full control. J_DOT_CRYPTO Callin' it like I see it!
by jreilly1310
1
ONT Rejected at 26MA on 1HRNo surprise here! Same thing we have been seeing over the last week or so! Bulls gain some momentum, break the 12MA and get SHUTDOWN when attempting the break the 26MA. Although the longer this goes on, the tighter the difference between the two will have to become and that's when we need the bulls to strike! Pay attention to these trend lines! The bears and bulls have both been using them and it's important to know who is using which as support/resistance and more IMPERATIVE you are looking at the right time frame!! If you can identify these trends, you can STILL make money... even in a bear market like this! J_DOT_CRYPTO Callin' it like I see it!
by jreilly1310
1
ONT: Multiple 4HR Bars Before Inside Bar Breaks BearishONT saw almost 12 hours pass before the inside bar finally broke bearish. Higher lower patter broke, and we are in full bear mode right now. Bulls continue to lose the moving averages as support. If you look back before the last bear break, the bulls were coming in HOT with volume to keep the moving averages as support. Eventually their steem ran out and now the bears are fighting to do the same. We are seeing continous decreasing volume with each 4HR bar until very minimal and then the bear bomb drops with a large volume spike and a drop in price. Ideally the bears would like to push the price down below the bear wedge (red) that we are seeing right now and push to new lows. Not a lot of action at the price level on Binance in the past, we don't have much to go off of which is never help. Right now, I am playing it patient. I do have some money in at this level because there has been a lot of support in the 1.80-1.95 range. The bulls will fight to push the volume higher in the 1.90 range before making a run at 2.00 which will be a HUGE TEST. Moving averages are pushing down lower and lower which I think the bulls REALLY LIKE at this point. Having both so close together makes for a HUGE resistance level to break. Keep a close eye on the wedge I have posted in red. As you can see.... we are getting VERY CLOSE. J_DOT_CRYPTO Callin' it like I see it!
by jreilly1310
ONT Loses Higher Low on 1HRONT lost the higher low on the 1HR overnight, so we are zoomed out to the 4HR. The bulls have a lot of room here to be able to set a higher low (>1.779), and it looks like we should set it here. If the higher low is set, the bulls will look to break to a higher higher (>2.16) before setting another higher low and then another higher high to regain bull momentum. Currently the bulls are fighting to regain the 12MA as support on this timeframe, but as you can see has been rejected over the last 4 bars. A break of the 12MA would need to be followed by a break through the 26MA, and would set the bulls up nicely to come up through the 100MA and make a run. For now, we watch and wait! J-DOT-CRYPTO Callin' it like I see it.
by jreilly1310
ONT 4HR Inside BarONT just lost broke the higher low on the 15 minute which caused a lower high to be set. Hit the reset button for the bulls! Looking for a higher high, higher low, higher high, higher low on the 1HR again! Interesting set up on the 4HR currently! Inside bar, 1.977 to break bullish, 1.908 to break bearish! Set up looks like it would favor a bullish break, but with just losing the higher low pattern on shorter timeframes would tend to point towards breaking bearish. ONT has been floating through a relatively tight zone for the past 24-48 hours now with 1-2 breaks. Easy trading action if you're patient and paying attention. J-DOT-CRYPTO Call it like I see it
by jreilly1310
ONT Bulls Break Higher High, Higher LowONT bulls come out swinging today and we are zoomed out to the 1HR! As you can see, they are currently holding the 12 Moving Average as support and trying to break the 26 Moving Average before a run at the 100MA! MACD is bullish and separating shaping into a quite bullish set up! We have have a higher low formed, and the bulls will now look to break to a high higher while regaining the 26MA as support! The zone between the 12 and 26 moving averages is tight, and the 12 is setting up to break up through if the bulls can keep momentum in their favor! As always, set stop losses within 5-10% (depending on your preference) of the 12MA as it is working as our current support. If broke, there are a few support levels in the 1.90's that I think will hold us up for now. J-DOT-CRYPTO
by jreilly1310
ONT Equilibrium Pattern Breaks BullishONT zone got VERY tight overnight allowing us to zoom all the way into the 15 min chart to follow. As you can see it became tighter and tighter until it came time to test the 12MA and 26MA. Previous attempts have broke bullish on this time frame, but the bears finally tired out and the bulls take over the 15 minute time frame. Breaking the the 12MA and the 26MA and shifting their momentum and moving them in the right direction! We now zoom out to the 1HR chart, and see what the bulls can do here. After the bear momentum yesterday the moving averages are primed and ready to come up and break through the 100MA to regain bull dominance. For now, we wait and see if the bulls can keep it up! J-DOT-CRYPTO
by jreilly1310
1
ONT Bulls Fight to Regain Moving Averages as SupportAs we have seen as of late, the ONT bulls have been holding the 100MA as major support on the 4HR chart. Once the uptrend line from the bull wedge broke, so did each of the MA's as support on ALL time frames. And the bears are dancing. I don't think the bulls are done yet, this is just a price correction and what goes up must come down. Healthy consolidation, but it doesn't mean we are in the clear. If you are trading, keep TIGHT stop losses and watch the MA's on each time frame. Once we regain the 15min as support, zoom out to the 1HR, then 4HR, and 1D. A lot of work cut out for the bulls, but a 20% bull run can happen just as fast as this 20% bear run. -J DOT CRYPTO-
by jreilly1310
ONT continues to post lower lows- BEAR DAYONT continued to post lower lows throughout the day. Current showing a price of 1.975, and looking to set a new lower low. Will continue to watch on the short term time frames to see if we can break to a higher high, higher low, higher high, and higher low before we zoom out to the 1HR. Just when Twitter was covered in #AltSZN tweets, Bitcoin throws a dagger and plummets prices and market sentiment with it. Could it be a result of Eminem new album murdering everything it spoke of? Maybe, but probably not. Stay tuned as we watch for the bulls to take back control. SUPPORT 1.96 1.78 Resistance 2.00 (Psychological) 2.06 -J_DOT_CRYPTO
by jreilly1310