Ontusdt
Weekly ONT on a logarithmic scale, with a lot of potentialTechnical analysis regarding the price of ONTOLOGY in relation of dollar Tether for the next scenarios, based on weekly movement.
On a logarithmic scale, the asset reduces the representation to a scale that is easier to view and analyze. The distance between one point and another is% of the total. That is, the distance between 1 and 2 is 100%, which will be the same distance between 10 and 20, between 100 and 200 and so on.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
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ONT looks good in day graph as other long term charts.If you look to the chart of 1W and 1M you will see a massive desirous CUP.
I've been waiting for long times to see ONT's breakout.
It seems like it has broke the resistance level and keep moving on the upside of bollinger bands.
If market keeps going like that, ONT may go higher and higher. It may finish the CUP formation before we wait.
But as I said you should know how risky market is. If dominance and total2 charts does not move as we want, then we have to stay away.
This is not a financial advice and please DYOR carefully.
I will be very appreciated if you leave a comment.
ONT try to flip strong resistance ONT / USDT
on high time frames we can see its just starting to flip strong resistance since 2018 into support also volume is strong and possible gaint C&H pattern
If the bulls successed in flipping this strong resistance into support we will see more nice upward movements for ONT
Keep your eyes on it
Go ahead🔥Hey, folks🔥
There is one more consolidation zone for today.
There is Symmetrical Triangle formation on ONT/USDT crypto pair.
The price had bullish sentiment before consolidation.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
ONTUSDT Navigating through bear market pricesBINANCE:ONTUSDT
As other coins provide profits it is always inteligent to cash out some and reinvest others.
On that second point, i came across ONTUSDT. I find pretty interesting that an active project has fallen behind in terms of market cap and when looking at its prices (both USDT and BTC pairs) It is one of the fews that hasn't top ATH and recently broke out from it's bottom consolidation.
I find it pretty attractive to buy small quantities on each pullback to the previous supply zones as we navigate through them, as long as tha uptrend continues in high timeframes.
Ofcourse this is not financial advise, I just use this to clear my thoughts... It is great when it seems you have find yourself a good hedge, but, with the high risk associated to this markets... positions must be in line so the portfolio doesn't break down (We are trading not betting! xD)
Stay humble enjoy the journey!