Ontology
ONT Beginning a small recovery.... look at my wee green candle..ONTOLOGY just got the teeth pulled out of its recent rally, it went down as much as 10% - Dare I say... Bargain pricing... 10% off ONT sale.
I think we have a chance at a little recovery to the next FIB at 1.618. When the sharks have just bloodied the waters, dare we dip back in? WE DARE.....!
ONTUSD - LONGONTOLOGY was a Fork off the NEO blockchain back in 2017/18. With the Founder Li Jun recently featured in the Forbes magazine which spoke on ONTology being a company that addresses itself as the blockchain for self-sovereign ID and data. I believe ONT has huge potential to reach its ALL TIME HIGHS once again.
🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
🔹Seek Professional Financial advice if you are going to invest or trade in the FX / CRYPTO Markets.
ONT about to pop off!$ONT is looking like it is gearing up for a big breakout. It has been consolidating for the past couple of years and has finally cracked the pervious resistance.
It does however look like over the immediate future it might have a slight pullback to see if the previous resistance line is now support. This is primarily because we are trading at the upper end of the trend line and it is unlikely (but not impossible) for ONT to breakout in parabolic fashion. If it bounces off this line that is a great indication that we are about to achieve liftoff. Personally, I am hoping this will happen as it will only give ONT a more stable launchpad for the next upward move.
Other bullish indicators include:
1. The absolutely massive volume increases over all of 2021.
2. The RSI showing that the momentum is moving in a upwards direction
3. The MACD line floating well above the signal line
4. The total lack of resistance over $2.50 and under $8.00
Because of point #4 I am setting my price target to the previous ATH of ~$8.00
Stop will be at the previous level of support/resistance of $1.44 - $1.60
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Not financial advice
Breaking the down channel with buying volume activity It brings more withdrawal options to the unbanked. That, plus coverages by top-tier media outlets such as
@Cointelegraph
@CoinMarketCap
@Benzinga
I was Breaking the down channel with buying volume activity suggesting that it has the ability's to target its 1.85$ then it will go to 8.24$ soon
ONT Shows Major Signs Of Explosion Upto 300%The weekly technical chart of the Ontology price action forms a bullish trend with a beginning of the parabolic movement. In contrast, to pivot points, ONT's fundamental support level is placed at $1.30. While on the other side, if it moves up, the significant resistance level to watch is $2.35. Moreover, on the chart of a 1-day time frame, it completes a bullish engulfing candlestick pattern representing bulls controlling the price action.
The volume of (303.60M) forms a massive volume bar in the coin. Investors can observe multiple huge volume bars to pull up the price. High buying pressure is loaded in Ontology to drive its price to higher levels.
Resistance: $2.35 $6.0, $10.0
Support: $1.80, $1.30 $0.80