ONTBTC trade ideas
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.
ONT looking bearish As it is the case with many other altcoins, ONT is looking bearish. Similarly to IOTA, ONT performed a perfect re-test pattern and continues to go down it seems. The coin is still trading within a channel/wedge and it is unable to test the resistance of the channel but on the other hand, it is constantly creating a series of new lows. The price action failed two times at the horizontal resistance area and it is now pushing down again. The first level of support is the previous horizontal support to the pair around 0.0003700, if that breaks, then look for a bigger move to the downside to test the channel support. For the coin to recover, it first needs to clear the horizontal resistance before eventually racing higher to test channel resistance in the 0.000300 - 0.000320 area.
ONT finally looks to confirm its bottom.ONT has been in freefall for quite some time but it looks to have finally completed it's selling here with the MacD reaching it's bottom and crossing over at last. The weekly chart also saw ONT as one of the most oversold currencies in the whole market and the daily RSI remains low. The daily and weekly 9 in conjunction should give this a strong bounce as long as market conditions stay half decent. Take a look at the hourly chart as well which is creating a nice ascending triangle, next step up looks like it could come later today.
ONTBTC Correction time is over!!! 50-150% Profit TargetPrice bounced off 78.6% fib retracement level and this could mark the end of correction for ONT and it expected to start upward impulsive waves.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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How I feel about most alts right now...Aside from a few strong performers at the moment (DGB) most alt charts are close to retracing all the way back down to a bottom. Ont looks to be on a clear path back down to the floor also, especially now the main net is live and hype has dissolved.
So yeah, no technical analysis here really, more a tongue in cheek representation of the crypto market right now... this is even more prevalent on exchanges like Kucoin.
ONT has showed some life but i think we have a lot further to goMy Fibs origin is at 0.0000001 due to the airdrop to the community ONT had performed very well during the bear market but unfortunately, I see a long way before we hit the bottom, Volume has dropped by 75% and the market is being dominated by bots so they will dictate ONT path. We saw a decent little bounce today as bitcoin began ranging sideways and the sellers are still out in force. 79% retracement will place us in the 26k sat range, i am looking to buy at the weekly order block of 22k sats and the daily order block of 16k sats to complete the retracement and preparation for the next big run. REMEMBER this coins bottom was literally 0 a few months ago.
Happy Trading
ONT - Time for Ontology to turn around? (+300%)Quick and easy -
ONT has been slaughtered recently - after a beautiful run up quintupling initially (where I guided the readers nicely :-) ), the cryptocurrency stood ground for a while but then got sacked just like all the other ones. Currently touching the last Fibonacci retracement level, having the RSI in an extremely overbought region, and the MACD about to make a big golden cross, this might be the time for reversal.
Just a heads up from this guy! ONT is a solid gem and now available on the cheap.
It's time for Ontology to see some sunshineI seem to be still on track with my previous trend analysis on Ontology. Regardless of the recent market recovery, ONT was in an ongoing decline towards a major support line. I am very confident for Ontology to crack this down trend and manage to follow the general market sentiment. Not a bull market yet, but we are enjoying a little taste of it. Just a little.
ONT - Perfect 3rd - Target 400%ONT perfect wave 2 effect with a complex complex, the end of end is too big to the power of 3 hubs with strong 400% profit.
Also note that the 9400 is very important, as it can extend 3 more wave offs ONT 0.81% about 2600, default if this script is very few happened
EP: 4500
TP: 9000
TG: 22000
Good luck
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$ONT, Nose Dive.
Daily
Looking at our trend timeframe we see major resistance has formed at 9000, stochastic rsi showing momentum is heading towards the downside. Lower high and lower lows being formed, expecting price to fall towards 5000. Higher timeframes showing no signs of slowing down, will be watching daily for confirmation of reversal.