One last trade before going downHi kids. So ONT: USDT is clearly in a descending triangle, which is of course a bearish pattern. Looks like we may have one last trade around the 0,618 fib (0,58 USDT), which is now also a resistance line. but it's also possible that it will hit the triangle's resistance line around 0,60 - 0,61 USDT. That means you have a sell range of 0.58 to approximately 0,61 USDT. The 1day RSI supports an increase in price and on the 4h chart level you can see the MACD curving to the upside, thus starting a short run up to the resistance lines.
After that the sell-off will probably start. We can see that the first support line will be the FIB Line around 0,43 USDT, and if that breaks we will see much deeper levels.
Good luck with your trades.
**This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
See the 4H chart below
Ontusdt
ONT : Ontology Next impulse 180% For Longer Terms !!Buy ONT as Given in Chart Possible Here that Double Bottom and then Trend will Be Reversal-
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
ONT Ontology Coin Going Dead Zone !!ONTOLOGY Coin Are Very Good But Now Dropping Badly and Trying Goes to Bottom Support Areas.
Hope Price Bounce Bach from any Support Zone 1800, 1400.
if Break the Support Areas 1400 then coin Will be Bloodbath Badly.
I hope that Price can fly From Support zone.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
ONT-USDT
1D Chart:
- still in flag formation (correction after last rise in late August)
- support level around 1.665 USDT zone
- low volume (today : 3.53mil / 24h)
Trading strategy:
1. buy when price will break the triangle formation
2. if the price breaks down the triangle, watch for buy around -100% retracement
Price range 1.286 - 1.106, which is a good zone to buy (max. retracement in 14 Aug)
ONTUSD (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Ontology / ONT
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Ontology is in a crossroads - Heading down!The market is telling us that we are still very much bearish at the moment, BTC currently looks to be trending down with a 90% probability of hitting a major support level at around $5775 and potentially lower to $4900ish, within the next 10 days. If this scenario plays out expect alts to face a major dump. Ontology seems to hold quiet well during markets downtrend, but don't be a fool to think ONT will not see a new low. I understand, this is not the most popular option for many, but October and November still very much bearish in the crypto world. We will see bounces between now and the new yearly low, but the end target is coming and coming fast.
I expect to see this scenario taking place and set my buy targets as followed:
Buy: $1.50 - This will come very soon
Buy: $1.21 If the $5900 BTC supports break expect T2 to be filled
Buy: $0.91 If $5700 breaks We are definitely picking up more ONT at T3
I hope one this scenario plays out as this not financial advise. Like, comment, share your thoughts and opinions.
ONT more candy and more wyckoff. We'v reached entry since previous post. If the support holds, now is a good buy. Bitcoin isn't looking pretty so expecting one more shake out is not out of the question. The next shake out will also be a good buy. Bitcoin is in decision alley though so all trading should be taken with a huge grain of salt (not btc pair). The whole market has a correlation though so just looking at this ontology chart it looks like the composite operator is getting some good final shake outs in right near the bottom. Essentially they've been accumulating and are possibly shaking the market out on the current mild upswing to accumulate more. With a tight stop now wouldn't be the absolute worst entry but it'd be rolling the dice with btc because btc is currently back in a grey bart attack area (which could be good if we see a long wick outside current hourly trading range and then a tight spread on diminished volume). I'll enter with a tight stop and if still trading live try to gain entry on the possible upcoming shake out. (Yes I see the bear flag we're in)
disclaimer:
not investment advice DYOR
This is USDT pair. That means we're trading bitcoin leveraged through altcoin for usd not btc. I do not care to build satoshis while bitcoin is in a downtrend.
Targets would be middle and top of channel. If assuming bitcoin stayed bullish then also beyond.
This market takes your lunch though so put your stop in profit or immediately take some profit when your trade goes right so then your widened stop can't do damage.
ONT, take us to candy land!Let ONT retest this channel it just entered. It has a daily consolidation tightening pattern and will coincide with the 50 and 618 fib retrace. It's in re-accumulation and will jump across the creek. This is usdt pair so its a leveraged bitcoin play. Let's trade some BTC through ONT for some USDT!
Buy- around 1.776-1755
Stop - Definitely use! but with bitcoins volatility its up to you how wide.
Target- 2.132
not investment advice
do your own research
yes, use a stop loss
If bitcoin doesn't flourish neither will this trade, but you're smart enough to know that.
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.
$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.