Ontusd
ONT Tests the 26 MAONT broke through the 12MA when it broke bullish on the 15 minute chart! As you can see above, it is current trying to regain the 26MA as support! I would love to see it smash through it here, but I would anticipate a failed attempt and healthy retrace.
If we retrace, the bulls will fight to keep the 12MA as support regroup and try again!
2.00 will be a big psychological level to break and regain as support as well!
J-DOT-CRYPTO
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
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-
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
Ontology MainNet launch event in Tokyo1-On the eve of the Ontology MainNet launch event in Tokyo on August 25th, Ontology will be hosting a closed event in which 50+ corporates in Japan will gather to learn about how Ontology’s public chain infrastructure can help their respective industries.
2- Socrates Q3 2018 Due by September 30, 2018
3- i love Ontology :)
Two scenarios
This is my first stab at this, I mainly want to present how I see the charts, and would love to get feedback as well.
Looking at the daily I've marked three significant levels.
- If price action pushes above the 2.93 level I will consider a daily trade with hopes of reaching to the 4.11 level.
- If price falls below the 1.70 level I will hunt for an oversold bounce attempt. Aiming for low 20s or teens on daily rsi levels.
- Looking at the 4 hour I've assumed a bear flag and marked a measured move to the downside, possible point for oversold bounce attempt around 1.30-1.40, use 4 hour rsi as indicator, aiming for low 20s. If you do attemt an oversold bounce at this level, please be aware that this measured move could penetrate the lower support level and may dump very quickly. This would be a very high risk trade.
- Another scenario is price will follow the yellow channel to new highs, until it doesn't. Use the channel as support and resistance.
ONTUSDLong ONTUSD at 2.22
Take profit at 3.33
Stop below previous low.
ONT has been one of the strongest performers of 2018.
At one point up 900%
Already up 200% from the low several days ago, the retracement in the last few hours provides a low risk entry
Note : I have used the modified Andrews forks to determine slope and Fibonacci levels. They do not have standard A B C points and should be considered only as sloping lines
Ontology Price Squeeze Inviting BuyersOntology is one of the NEO tokens, and all of them seem to be extremely undervalued at this stage. Current price action shows the price squeeze and ONT could be just about to break above the downtrend trendline.
There are two interesting facts: First is that the price has reached and cleanly rejected the 227.2% Fibonacci support, that is $1.03 - an extremely strong psychological support as well! Second is that the new Fibonacci time zone cycle has just started, meaning that the timing for the buying opportunity could not get any better.
But at the same time, to confirm trend reversal, price has to break above the downtrend trendline. When/if that occurs, price could ether start rising slowly or potentially skyrocket without much notice.
First resistance is of course near the previous high at $12, and of course $10 psychological level should be watched. Break above previous high might push as high as $100 in the medium to long term.
Ontology (ONT) Bounce from support, likely drop, possible long.Ontology just had a bounce from lows with the obvious bull div indicating rising support. Now this is the first zone of resistance that we could not break before. The RSI shows a lack of support at this price, so be cautious.
I would consider going long once the cloud is breached. This is because we are previous support as indicated by the 1 day graph. A bounce is not uncommon when this happens. I believe a bear flag will occur here, which might be a good 5-10% trade.
The only problem is that I feel BTC still has more room to drop, so I am more inclined to believe this rally will fail. I am posting this because ONT is just so incredibly low it will be interesting to come back in a few weeks and see if support has held or we are on path to 2264.
For long term players, pick up some here.
Thanks for viewing. Hope you are doing well in this market. If it makes you feel any better I lost over 10% on TRX after transferring it to my online wallet to participate in voting only to have btc fall. Keep in mind I had to lock my TRX for a period of 3 days, so I could not do anything and had to eat this loss. If you are short, congratulations on the xxx% gains.
If this doesn't work out then what will?7x in 3 months... Have been a good fan of Ontology, but like with most coins.. attachment isn't good for your wallet... and you'll be in for a serious ride... down as well !
That peak till 0.001 btc or 11.7 usd was a perfect classical play of the rules of TA, and dito correction was going to happen as I mentioned in my older charts and when bigger players enter the market with only one thought to short the hell out of it.. though one does not believe the outcome could turn so bearish.. but eventually what goes up will go down anyway, no matter what coin.. except binance coin perhaps.. but that's why there are exceptions of-course. A more than 50% retrace and no reaction at a 61.8% looks still bearish to me. Why do I still own 1 btc ONT... :-| !
One coin that could show ONT's destiny is perhaps 'Selfkey' which did the same in not 3 months, but.. 3 days ! Check it out.. the run up was exactly the same ! Only the correction looks somewhat different.
Ontology looks on the USD chart almost bullish, but on the BTC chart still bearish... which could signify a bullrun within a week or so... but it could be a small outburst as well, if crypto's interest is still buried for a while.
Remember that trendreversals come when you're about to get desperate and willing to get out... let's still not give up hope !
$ONT paired with $USDT overbought & possible trend reversalDecided on another entry here with $ONT paired with $USDT based on 1D bullish divergence indicating a possible trend reversal to the upside and also off the .618 fib. Price re-testing previous support, oversold on 1D as well as 4H oscillators. Im anticipating price to head into VPVR levels on the 4H. As always, indicators give us great signals and high probability trades, however the market can go against you at any time. All it takes is a MM $BTC dump and Alts go with it. Risk management is king as I always say. My stop loss set up just under previous swing low support at around -5% approx. Prior gains and risk/reward potential far outweigh my stop losses getting taken out in this case. I use the TTPro tops and bottoms alerts indicators developed by a friend and mentor. If you are interested check them out at turbotraderpro.com Not financial advice, trading crypto can be risky, please do not base your trade decisions on my posts. Do your own due diligence. Peace.
ONT - FIB SALE for Ontology - 78.6% of it's June/July pricesLooking at the daily chart for Ontology, it has a very fast correction and is finding support on the .786 Fib retracement mark. Bullish divergence on the CCI and a bullish crossover on the MACD may indicate greener candles in the near future. I'll be watching for a confirmation bounce showing me strong buyer support, but this is a steal of a price.