ONTBTC trade ideas
A trading opportunity to buy in ONTBTCTechnical analysis:
. ONT/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0003200 to 0.0002200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0003200)
Ending of entry zone (0.0002200)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0004100
TP2= @ 0.0004500
TP3= @ 0.0005000
TP4= @ 0.0005530
TP5= @ 0.0006700
TP6= @ 0.0007840
TP7= @ 0.0009490
TP8= @ 0.0011590
TP9= Free
SELL ONTONT price is on a bearish trend and the price is currently overbought according to the stochastic RSI. The bearish momentum is well confirmed by the recent cross on the stochastic RSI, and possible sell trade could be initiated as of the current price, around 0.0003161 satoshi, or wait for the price to cross the lower trend line on the triangular trend. Take profit target could be placed at the lower support, around 0.0002706 satoshi, with a stop loss around the downtrend trend line, around 0.0003233 satoshi.
ONTBTC
ONTBTC Elliot Wave Study - 2Hello everyone,
If it's true, ONTBTC has completed 2 wave with WXY pattern. I think 3rd wave can start from around here. In 5minute chart, ONBTC going up with flag patterns. New flags can be occur.
Currently I don't give any stoploss or take profit point. But 3rd wave's possible target is around 0.00075 - 0.00080
Note: Please do not open any position with this analysis. This analysis only for educational purpose. This study is for only trying to improve knowledge of elliot wave principals.
Please don't hesitate to comment. We are growing together...
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[ONTBTC] Ontology Back In Business [240% PP]Ontology (ONT) can be traded on Binance and it is one of the highest volume tokens on that exchange. Recently, Ontology had a very strong breakout and has been consolidating nicely.
A bullish pattern has formed on the charts and I believe a break up can happen soon.
Charts, signals & indicators
- You can see the bullish pattern in purple. This is either called a bull flag or bullish rectangle, it goes by different names.
- You can see the profits potential for this trade based on current price vs last all time high.
- Huge increase in volume can also be seen after the bottom was hit on the 14th August. And more volume keeps on building up.
- Very strong bullish divergence on the MACD, notice the huge jump in price after this signal formed.
- EMA10 (blue line) is now working as support... This is an easy trade for us.
Trade instructions for Alan Masters Trades supporters
Buy in: 0.000346 - 0.000387
Targets for Alan Masters Trades supporters
(1) 0.000404
(2) 0.000474
(3) 0.000544
Stop loss: (1) Close below 0.000310 on the weekly or (2) a close below 0.000268 on the daily.
Capital allocation: 5-10%.
GROWTH IS IN THE AIR
Next time you wake up, stop, remain calm, breath over and over... Remain in bed.
Take a few minutes for yourself, a few moments of breathing... Thinking of nothing, it is the perfect time to meditate.
Is there anything else that needs to be done?
No, that is all that it takes.
All you have to do is breath deeply for a few minutes, through your nose... Because GROWTH IS IN THE AIR.
Namaste.
ONTBTC Elliot Wave studyImportant: I'm not Elliot expert.
This study is for only trying to improve knowledge of elliot wave principals.
It seems a previous elliot cycle has ended and new cycle starting.
First wave seems like leading diagonal like LINKBTC (you can take a look my LINKBTC analysis)
DYOR
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