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Ontusd

ONTUSD o.O1) It looks like ONT is holding support very well and a possible new trend line (Bottom yellow line) is forming off of this dip. ------ If stop losses are set around .65 (7%) the possible gains are up to around $1 (40%ish) which I would suggest of course to take gains on the way up. I like to take gains around whole numbers because its easier to remember the numbers. ------ All bets are off if it drops below the yellow resistance. 2) The top yellow resistance line is made from 7/23/18 to the second point on 6/24/19 down to the recent high on 2/10/20 on the weekly chart. (11mths,9mths,4mths?) ------- To me this is showing that the yellow support and resistance lines are forming a bull flag. These lines should intersect around 4/20/20 (lol 420) that is pretty soon given the last high was 8-9 months ago. 3) The top blue dotted line is made from the high on 2/15/20 and the high on 2/24/20, coincidentally on 3/2/20. (on the daily chart) ------- Now we are trading above the blue line :) ------- I think that this blue line is a very good indicator in our favor. ------- It also seems that the price is following the line possibly down to the yellow or blue resistances then spike up? 4) The bottom blue dotted line was made on the daily chart starting on 1/24 then the next point was on 2/27. ------- I don't have much to say about this line other than its useful to use on the shorter time frame lol. 5) This resistance also makes sense because we are close to the previous low around the end of Jan. ------- This is becoming a bull market ever since 2020 and I don't really see this losing steam any time soon. For the part of the market that is like me (Bulls) we really want to see the price have a low above the previous low. This even makes some bears become bulls because the trend will be very strong at that point. 6) Purple box is the a strong "support and resistance" on the monthly/weekly chart. 7) BTC has a VERY similiar situation with MUCH more volume. ONT has usually followed BTC and I think that trend is so set in stone at this point something major would have to happen for that trend to break. ------- Follow BTC if you want to trade this coin. If I got you thought that click bait thing was funny like/follow/share/subscribe ;) Okay now that that's all done if you have any questions, need clarification, have a comment, or want charting/analysis advice please let me know. Feel free to DM me and we can trade ideas, I love hearing others thoughts and learning new ideas or teaching new ideas to people. So uhhh please like/follow/share/subscribe ;)
BINANCE:ONTUSDLong
by Stonks_Up
1
Send It!!! $ONT $ONTUSD #Crypto Weekly Looing at our trend timeframe we see ONT remains in a minor uptrend, stochastic rsi showing momentum in favor of the bulls. This week's candle tested our uptrend drawn from early January. Next week we should expect another retest of the $0.80 unless the smaller timeframe shows otherwise. Daily Shifting over to our pattern timeframe we see ONT has found support inside our $0.80- $0.85 zones. Stochastic RSI showing momentum is currently paused, as we await the next move. A daily close above $0.85 and we should see the price make a move towards $0.95, however a rejection and we could see a sell-off towards $0.75
BINANCE:ONTUSDLong
by UnknownUnicorn2434649
I got bag, hit em' & do it again $ONT $ONTUSD $Crypto Weekly (zoomed out) Looking at our higher timeframe we see ONT remains in a downtrend since our ATH in 2018, however, the potential for this coin is personally one of my favorites. Looking at a naked chart we see the price has bottomed out around our $0.40 zone since then has gradually been heading towards the upside. Stochastic RSI showing momentum is in favor of the bulls even though this week's candle is in the red. Weekly (zoomed in) Sticking to our higher timeframe we see price is looking to break out the previous high of $0.97, a close above this level indicates our downtrend is over. This week we saw a push towards $1.10, and the price is now hovering our previous resistance of $0.88, however, it fell as low as $0.80. Daily Shifting over to our pattern timeframe we see price actually did break and close above our previous high of $0.97. We should be seeing a retest of this resistance now as support, which is currently what price is doing. ONT is currently showing momentum remains in favor of the bears and we could be seeing price continue falling towards our dynamic support at $0.75. A daily close below $0.88 indicates we will continue towards the downside, rejection from this level indicates otherwise. 4Hour Finally looking at our trigger timeframe we see the price a huge rejection from our most recent sell off to $0.80, stochastic rsi showing momentum remains in favor of the bears however price showing otherwise. Our trigger timeframe also shows a lower high rejection from our previous resistance of $0.98 and we should expect the price to hang out around this level before making a parabolic move towards the upside. A 4hour close above $0.8875 indicates we will continue towards the upside, rejection from this level and expect our dynamic support at $0.75 to be tested.
BINANCE:ONTUSDLong
by UnknownUnicorn2434649
Ontology: Aiming for the 0.9550 resistance.ONTUSD is trading within a Channel Up on the 4H chart since he January 3 bottom. Levels to watch: - The MA50 on the 4H chart is supporting so far the uptrend. As long as it doesn't break, the price targets the 0.9550 Resistance 1. - If the MA50 breaks the pattern makes a pull back for a higher low. This happened in January 19. Projection: - This appears to be simple Channel trading. As long as the MA50 holds, we are expecting a higher high on the 0.9550 Resistance, followed most likely by a pull back for a higher low. This is until the Channel Up gets invalidated. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
BINANCE:ONTUSDLong
by PrimeXBT
Bless Us $ONT $ONTBTC #Ontology Weekly ONT on the weekly showing a major downtrend since all time high. Price currently sitting at 899 satoshis, stochastic rsi showing momentum is in favor of the bears on the higher timeframe which is a good sign we could be seeing a reversal. Weekly (Zoomed In) Taking a closer look at our weekly we see ONT has formed a double bottom and found support at the 650 zone. Momentum looks to have formed a higher low, which is another good sign that this could just be the beginning of a big move. Daily Looking at our pattern timeframe we see ONT has broken out of a minor downtrend and tested again for support, this is when we saw momentum shift towards the upside. Price then set a higher high on Jan 31st with 825 satoshis, and has since been continuing toward the upside. Feb 4th left a strong bullish engulfing candle, destroying our resistance from the Nov 23rd consolidation which leads me to believe we will also destroy the next resistance of 1000 satoshis. A daily close above 898 is a good sign we are heading up. he Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Long
by UnknownUnicorn2434649
Foot On The Gas $ONTUSD $ONT $Crytpo Weekly Zooming out we can see ONT has been in a major downtrend since our all time high (close) around $9.25. Price is now sitting at $0.77, with our ATL (close) around $0.45. If we are simply looking at it from a risk to reward perspective, I think it’s a no brainer. Stochastic RSI showing momentum is favor of the bulls with no signs of slowing down. Weekly When we take a closer look at our weekly we see price has broke out of a minor downtrend, however lets us not forget we are still in a major downtrend. With that being said, this is still the weekly timeframe which means this is still a big move coming whether its the end of the bear market or not. Last time we were at this price we saw ONT make a radical move from $0.60 all they way up to $1.50. Before we get a push to $1.50, price has to break through it psychological resistance of $1.00. A weekly close above $1.00 indicates we are looking to set a higher high which is a sign we are in an uptrend. Daily Looking at our trigger timeframe we see price has slowed down and found resistance at $0.7850, stochastic RSI showing momentum slowing down as well and we could be seeing a possible retracement. The bullish engulfing left on Feb 2nd is a good sign we could just consolidate at this before making a radical move towards the upside, otherwise expecting a sell off towards $0.70 The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
BINANCE:ONTUSDLong
by UnknownUnicorn2434649
$ONT $USD $ONTUSD Roller Coasting Monthly Starting with our higher timeframe we see ONT has been following our downtrend since being introduced into the crypto space. Our naked chart shows the last time we were at this price we bounced from $0.55 up to $2.00, will we be seeing the same movie? ONT looks like it found support once again at this level, still the beginning of the month however we are seeing blue. The trend is your friend until it bends. Weekly (Naked) Shifting over to the pattern timeframe we see the price has tested this level on multiple occasions (4x's) with no signs of breaking this support level. Stochastic RSI showing momentum in bears, however, the bears looking like they are slowing down. Smaller timeframes may show us an early entry. Weekly (Drawn) Sticking to our pattern timeframe, with a closer look at recent price action we see multiple weekly attempts to break below $0.50. This week's candle now looking to close above our resistance of $0.60. Strong weekly downtrend shown, a break and close above $0.70 confirms a second push towards the upside (after a retest of our breakout). A push towards $0.70 gives us a 16% gain with an entry at market price. Daily Finally looking at our trigger timeframe we see ONT now looking to set a higher high, a close above $0.58 validates this trend. Stochastic RSI showing an uptrend in momentum, higher low in the price shown above. However price also showing exhaustion within the most recent daily candles, and should expect a short term retracement. A daily close above $0.60 activates this trade, the first target would be $0.70. 4Hour (Bonus) Lastly looking at our 4hour timeframe we see ONT has found resistance $0.63 and is now looking to make a retracement. Stochastic RSI showing momentum was in favor of the bulls, however, we are at a temporary halt. A 4hour close above $0.62 indicates we are heading towards the upside for our 2nd leg. ONT retracement would look like a drop towards $0.55 to form another higher low, which would also leave us a (wammie) double bottom inside the $0.50 zone. (2) possible entries are shown, both can be set with limits or stops. No need to stare at your screen all day. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
BINANCE:ONTUSDLong
by UnknownUnicorn2434649