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.
Ontusdt
$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.
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.
ONTUSDTThe price is going to penetrate Ichimoku cloud and break through the upper edge of it. Bullish indicators confirm it: Stoch RSI is oversold, DMI shows a strong uptrend mood, MA and EMA are in buy state.
There is formed bullish hidden divergence which enhances our forecast, the Gartley butterfly that is show at the chart should be formed up from this point there will be a small consolidation. Stay tuned to updates to know the best moment of closing this position.
Signal was posted in the Premium channel 1 hour ago.
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.
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