ONTPERP trade ideas
ONT USDT price prediction, H&S patternHi, I wrote about the H&S pattern previously. It has been formed. Now there are three possible ways it can move on. The black line and the yellow one. If BTC will move higher then the yellow one will be valid, otherwise the black one. The third possibility is falling even down.
These are not financial advice, just my thoughts.
What’s in the future of ontology?
All things considered, the money is moving once more from it began. The heightening in cost snatched a great deal of eyeballs. Ontology (ONT) value as of late contacted $0.85. The month opened at $0.71 and it took right around 15 days to mirror a noticeable upsurge.
Philosophy is relied upon to recuperate in the coming time. We should view the value diagram to comprehend the energy of the coin. On the off chance that we see yesterday’s outline, ONT contacted a high at 0.857072 USD and a low at 0.791038 USD.
News Source: TheCoinRepublic
Ontology on the way to a nice breakout?ONT/USD
We have been doing combined analysis on ONT/USD and ONT/BTC pairs.
Observations - It has been doing fairly well against both currencies lately. Forming higher highs consecutively on the BTC pair, but approaching strong resistance levels on what is to be characterized as ascending triangle opportunity later.
On the USDT pair - Big one fallin wedge on higher timeframes is about to playout - close to breakout, but at same time facing resistance orderblock on
lower timeframes as indicated on chart.
Here we are watching for a breakout above the bearish orderblock to confirm continuation of uptrend.
ONT (Ontology) Price Prediction: Moving averages make it hard toONT faces strong resistance from the 20-day EMA. Also, ONT is trading below all the moving averages which shows the bears have the power at least in the short term. ONT has corrected close to 78.6% of the entire rally from the low of $0.40 to $2.17 and this is also a negative sign.
Although ONT has rebounded from the uptrend line, the 20-day EMA needs to be scaled to resume the uptrend. If ONT remains under the 20-day EMA, a retest of the uptrend line is more likely to happen again. It is very important support, if it is successfully broken down, a retest of the recent lows of $0.40 will be in the cards.
There are not any reliable buy setups, thus, traders shouldn't open any fresh positions at the current situation.
Bulls overpowering the bears!Ont possibly just made a weak-a$$ 5 waves down. So weak that the 5th wave was truncated. (That means mad bullish, yo!) Buy into the uptrend confirmation. Green box above price or later entry is above B wave break out.
I've been day trading ont since February **********if you'd like to learn something the old thread/ongoing thread is in the comments section.**********
ONTUSD (Binance) Bull Run is started = From $1.55 to $49.00?????ONTUSD (Ontology)(Binance) Bull Run is started.
- News around cryptocurrency is too good.
- Looks like this summer will be very hot!
- Head and shoulders
- Trend lines from past interact well with current local Trend bottom.
- Next generation blockchain from NEO replacement of NEO.
In early 2018, it was so stated. I keep the coin for perspective and replacement NEO.
- BTC Dominance is down (we have long target)
Target 1 = $6.82 (+340%)
Target 2 = $12.30 (+693.55%)
Target 3 (30% For long distance) = $49.00 (+3061.29%)
3D Chart: