ONTOLOGY - FREE FALLING. Where will it stop?Ontology has been falling freely since 7 June. The price has depreciated by 68%.
It is moving below 9-day EMA which is a big problem. It is now moving into a critical zone, 0.786 Fibonacci level.
This corresponds to 0.0003575 BTC. The RSI has been way too oversold for so long. It's just a matter of time when it reverses.
It should rebound from the 0.786 level else it's gonna run into some serious trouble.
The profit taking targets can be next fibonacci levels.!
Wait for the signs of reversal before entering any long positions. If the current support level holds then i will enter the trade.
(I can post the chart with in depth analysis using indicators if people need it, but as for now, this should suffice.)
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
Ontusd
Ontology - ONT/USDT - A Breakout of 100%+ is imminent! [Read NowImmediately turn your attention to our latest crypto alert ---> ONT/USDT | Ontology. We are bouncing hard off the heels of a +74% crypto winner (Bitcoin Diamond ) and we are turning our full focus on ONT/USDT! We loaded the boat to the gunwale with Ontology tokens and are expecting a breakout of epic proportions in the near-term! Just look at the chart! Bullish divergence has taken favor! In addition, we currently see a .786 fibonocci retracement and we're at the tail end of an elliott wave formation! Ontology is just sitting in the sweet spot with HUGE UPSIDE POTENTIAL with very limited downside risk! We highly recommend that you pick up ONT tokens on Binance Exchange before this rocket takes off for possible gains of 100% or more! ;)
ONT/USDT - Ontology - Breakout of 100%+ Imminent!Immediately turn your attention to our latest crypto alert ---> ONT/USDT | Ontology. We are bouncing off the heels of a +74% crypto winner (Bitcoin Diamond ) and we are extremely bullish on ONT/USDT at the moment! We recently loaded the boat with Ontology tokens and are expecting a breakout of epic proportions in the near-term! Just look at the chart! Bullish divergence has taken favor! In addition, we currently see a .786 fibonocci retracement! Ontology is just sitting in the sweet spot with HUGE UPSIDE POTENTIAL with very limited downside risk! We highly recommend that you pick up ONT tokens on Binance Exchange before this rocket takes off for possible gains of 100% or more! ;)
ONTUSDT - Possible reversal upwards - long termONTUSDT
On the 1 Day chart, we see a possible finger pattern.
This normally means, a strong indication that we will go up. As a finger sticking out and the bars on the side next to this same bar, or higher.
Looks good! BUT, this coin has no proper history. And if we’re really at a strong support here, remains to be seen.
A pretty strong Bullish Divergence on EFI, but not on MACD-H.
Also a bullish divergence on RSI.
We first have to overcome this local resistance, you can see around $3.63 .
When we will reach that an get through, we could see a nice uptrend for ONTUSDT.
You can however decide to take the risk, and assume this is the bottom and gradually buy your way in around the $3.50. I took this risk myself. Bad boy!
Entry $3.65
Target 1 $4.36
Target 2 $5.60
Stop Loss $3.35
R/R ratio:
Target 1: 1:2
Target 2: 1:6.5
Dear StopLoss killer: I don’t place the actual Stoploss, I place an alert, to asses the situation when it takes place. So you’ll leave me alone, so no harm for me there.
About the targets:
The target is flexible to me, I will see to it how the trade develops over time.
I could even stay in it longer then target 2, I might get out and take profits (if any) earlier, because the uptrend looks weak. Remember, the risk increases every step you get closer to your target.
Target 2 could take a long time really, we will update the trade in the mean time, to see how things develop. Target 1 is of course more reasonable.
Bullish Swing Trade on ONTAccording to the TD sequential ONT should have a nice bounce coming. I have doubled down on my position on the daily red 9 looking for a correction. We are also coming up on a weekly red 9 which combining both the daily and the weekly (off by about 5 days) I would say this could be one of the top performers to come. Unfortunately BTC may limit how big of a bounce we can find, however if you see bitcoin have a slight relief from downward pressure you could see ONT outpace a lot of other cryptos in the coming days/weeks depending the outlay of the crypto market as a whole. With the main net recently being released and many free ONT coins being distributed it was expected to see the recent dump. Now I believe we will soon find a bottom. Again varying on what kind of action we see from BTC.
ONT new lower highONT is currently forming a lower high compared to the 6.70 area from last week.
It's dropping lower versus Bitcoin in this moment, it should go lower as bitcoin is expected to drop later on.
I think the buy zone is pretty large but will be rewarding anyway.
3$ psychological but it could be a bit higher obviously.
Ontology: Upward Climb ContinuesOntology has been on an upward trend vs. BTC since April. Its USDT chart indicates it is at the bottom of a cycle and about to retrace upwards. We prefer to stay in USDT for this trade because our current sentiment for Bitcoin is still bearish.
Exchange: Binance
Term: Medium
Invest: 5%
Buy between:
6.4 - 6.65
Sell Targets:
Target 1: 7.36
Target 2: 7.82
Target 3: 8.24
Target 4: 8.92
Stoploss: 5.9
Bullish continuation pattern I really love this coin. This should actually be BTC or BNB... Ontology probably still the most reliable coin and following the rules of TA and not BTC. The only problem might be the higher influence of BTC whilst growing and gaining several random investors and wiping out the hardcore. We'll have to wait for BTC's move again.
This is a possible midterm target. We might be halfway the larger degree of Elliott waves and starting wave 5.
Ontology – big bull flag formationOntology has been making a lot of bullish pennants of lately, I wrote about these extensively in my previous posts , following up a 5X increase on its price. I also called the top and urged to sell at least part of your positions at the points where the green straws / outliers of the candles ticked of the top orange resistance lines.
In the meantime, Ontology price has corrected to the 8000 sat level (down from a high above 12000!).
But now, we are forming i) a triangle with strong support at 8116 (Fibonacci level that you can see all previous bottoms were formed in the last weeks), and ii) actually are forming a bull flag, and a big one at that.
If this scenario pans out, we can add the length of the pole of the flag, to the breakout price round 9000-ish, which would let us see the moon again for a bit of time. At least, that would mean a big price rise.
Moreover, if we look at the 2h chart, we have a bullish MACD and bullish RSI going for it, so this will be a first bounce moment. Although I think some more sideways movement will follow before a break-out occurs.
Anyway, keep this scenario in mind before selling your positions! ;)
BY THE WAY
Did you know that you could've gotten 1000 ONT at the airdrop pre-ICO a few months back? Yes, you read that correctly - that would mean you were 8-1000$ richer today, because of an airdrop!
And did you know that there is a new airdrop in the same ecosystem (NEO) today? Have a look at my twitter profile's pinned post (wijcryptonairs) where I posted a link to claim your own airdrop pot. I can't post it here directly, as external links are forbidden, but of course - we crypto-enthusiasts have to help eachother out!
Ontology Has a Bull flagLooking like price surge in ontology Is not going to stop here any time soon. We have a little bull flag there So if Bitcoin will be stable or in a Up trend we are expecting for a nice little Breakout of 4% . And remember we also have Main Net launch in end of this month this One a good pick for a Mid term..
ONTOLOGY ABC Correction BUYING OPPORTUNITYIf you're looking to enter ontology after this huge run up, this may be the chance to do it. I am looking at a flat ABC correction because of Elliot waves 2 and 4 were pretty flat. If there there is strength in the bulls i expect the correction to be pretty flat. Because there is an extended wave 5 I do think it can break to lower lows closer to the top of wave 4 for C correction. But with that said, I'll have a position open to enter at lower prices and look for continuation.
Ontology in a Pennant Breakout Pattern.Hey, I am back with another Technical Analysis this time again looking at Ontology.
Last time I gave call to buy at 4,700, if you traded with my advice you could make up 100% in a week, not bad.
Moving on.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.
Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.
That was in short about Ontology.
Taking look at the chart.
There is a Pennat breakout Pattern that has formed, this pennant often leads to breakout, but can sometime lead to an breakdown. Thing is this chart doesnt have enough data as ONT isnt long on the market. ONT is currently around ATH in terms of satoshi value, which could discourage some people from trading this Crypto, but it looks like there is a still room for additional growment. If everything fails 6,800 is a strong bounce support, another long.
Taking look at Indicators.
MACD headed below 0 fewer sellers, bearish divergence so far, can turn up at any moment with enough volume as it may bounce from RSI support level, if not it should bounce slowly back from bottom line of the triangle, if even that fails, it looks like no breakout would be happening.
RSI needs to stay above 53 to remain bullish, clear support on 43 and ressitance at 53 which is the good bullish zone, it would be Ideal if ONT bounce from support now, but RSI can fall to 30 and below and then at good tempo be headed back to cross both 43 and 53 to became full bullish again.
Stoch shows somehow bullish divergence for now.
Good Volume .
I think thats about it.
Hope I made your view on whats going on with Ontology somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Ontology update!Hello guys,
I have no time to post a lot of additional information and internal/external updates on Ontology project, as I am at some business meetings all day long, but will catch up later.
Just want to share that we have a potential break out in near future days, if see the price below the Black line of resistance indicated on the snapshot, following also that Market is going in green and all the hype and the open source code that Ont Devs Team has shared with community. Sensational and experienced team. ONT rated as one of best ALT Coins for 2018. Keep it positive and do not follow FUD coming from people who already missed the train by selling their ONT holdings.
Cheers!