Ontology (ONT) - july 31Hello?
Dear Traders, Nice to meet you.
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You have to keep an eye on the uptrend line (1)-(2) for continued movement.
If you deviate from the uptrend line, there is a possibility that there will be a sudden movement.
Accordingly, careful trading is necessary.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Ontusdt
ONT / USDT. Downlink. Local uptrend. Trend reversal zoneONT / USDT Main downtrend. Downlink. Local uptrend. Keep the ascending channel.
The professional work of a market maker is visible. Reminds LTC / USD or ATOM / BTC.
The price has now approached an important trend reversal zone.
If there is a breakout and consolidation above the downtrend line of the main trend, then the main trend will reverse.
Target levels are shown on the chart.
If the price fails to overcome the resistance of the descending channel, trade in the channel from the trend lines. It is also worth noting that from the bottom the price has already made a significant profit of about + 180% in a local uptrend without correction.
It is worth noting that an important support level is a zone in the region of $ 0.5 from it, a local reversal occurred three times within the descending channel. I admit that it is quite possible that the price may fall to this level if the first time the price does not overcome the resistance line of the main trend. And from this support level zone, with renewed vigor the breakout and reversal of the main trend.
Use Stop-Loos, but consider the volatility of the trading instrument.
ONTUSDT ANALYSISIf you have ONT, good job you will enjoy your profit
a) If the candles pass the resistance line(0.78), enjoy your second a big profit
b) If the candles do not pass the resistance line(0.78), you should sell, and buy again at the support line(0.57)
However, if you do not have ONT, you have 2 opportunities,
a) When the resistance line turns to the support line(0.78) or,
b) Wait until existing support line(0.57) and look Robo’s sell and buy signals
ONTBTC - Aiming to test 10k sat levelOntology looks interesting here, good volumes last months, steady rising up. Everything points to another test of strong 10k sat resistance level.
But it currently trying to pass monthly resistance here (purple line). If this succeeds, then the next goal is 0.0001 resistance.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Ontology/ ONT Updated Idea Just refined the previous idea of BINANCE:ONTUSDT Looks ready now. Take your profits on red lines.
Previous Post radingview.com/chart/BTCUSDT/XBW685g6-Ontology-USDT-Could-do-its-thing-in-Matter-of-time/]https://www.tradingview.com/chart/BTCUSDT/XBW685g6-Ontology-USDT-Could-do-its-thing-in-Matter-of-time/
Other ideas:
Ontology (ONT) - double top formationOntology (ONT) has formed a double top which means that reversal will happen.
There is a 20% gap between the neckline and the second top, which could lead to a 20% drop.
Although we can expect it to go even lower, as the charting books say, if the double top forms we can see a drop to far below the neckline.
Ontology USDT Could do its thing in Matter of time. BINANCE:ONTUSDT has already spiked over 220% since the low of March levels.
This is a long term and has well calculated risk to reward ratio. Please do not take it as an financial advise.
Both cases are explained in chart close below demand zone could push us towards support zones. A push upwards from here can take us to next levels as mentioned in the chart.
Possible long entry could be a retest of EMa-200 on daily TF 0.5910 levels but a wick down from here looks highly likely Therefore try placing scattered bids within demand zone.
For mid term perspective i would say Take most of Profits in Trouble areas where EMA300 is sitting at 0.6836 .
Always take profit and use Stop loss. never risk more than you could afford losing.
Happy trading.
Ontology (ONT) - June 22Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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You need to make sure you can get support at point 0.6196.
Around June 28, we need to check if we can rise above the 0.6692 point and the uptrend line (1).
If it fails to climb, it is possible to touch the 0.5665 point.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section