Ontologybtc
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
Ontology on the way to a nice breakout?ONT/USD
We have been doing combined analysis on ONT/USD and ONT/BTC pairs.
Observations - It has been doing fairly well against both currencies lately. Forming higher highs consecutively on the BTC pair, but approaching strong resistance levels on what is to be characterized as ascending triangle opportunity later.
On the USDT pair - Big one fallin wedge on higher timeframes is about to playout - close to breakout, but at same time facing resistance orderblock on
lower timeframes as indicated on chart.
Here we are watching for a breakout above the bearish orderblock to confirm continuation of uptrend.
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)
Ontology - A study of being.It's another coin/token, similar to Ethereum.
Some of you may have heard of it, and if your'e like me this is the first time you're seeing it.
General tidbits:
Currently, #22 on coinmarketcap
Has over 50+ Dapps already operating on its mainnet.
I am thinking it looks like a good buy setup based on technical observations.
Here's why.
Daily:
Bullish MACD divergence.
Bullish RSI divergence.
Just broke the recent low.
Very close to breaking the ATL.
Volume is increasing.
4 Hour:
Bullish MACD divergence.
Bullish RSI divergence.
Just broke the recent low.
Very close to breaking the ATL.
Volume is increasing.
1 Hour Setup A:
We just had a move up after breaking the recent low. Now we wait for sign to buy.
1 Hour Setup B:
It's possible, though less likely in my opinion that price will continue down for one last leg before changing direction. This could happen, though an you should be aware that it will actually provide an even greater more lucrative setup that you should not miss.
1 Hour Setup B extended:
If price continues downward towards the ATL and -27 fib extension. Look to buy at ATL around 1111 sats and fib extension around 1000 sats.
ONT will shine again soonONT made new lows yesterday but BTC might need to cool off here, as dominance has hit massive resistance (highs of the previous bull run)
If we could get a sustained bounce here, we could return to the POC/support levels and maybe even visit previous local highs
Altcoins are still very risky so close above support would be a safer bet