ONTPERP trade ideas
Ontology Neutral ZzzzzAlthough Ont has market leading PoS percentages the candles have found a comfortable place to sleep on the 23.60% fib. There's absolutely no sign of the coffee brewing yet, no buy spikes where groups are waking Ont up by reaching elbow deep into the sells. The recent flash rally didnt disturb Ont from its slumber at all, not a flicker. Nothing will change until buyers come in and start a party with VoLuMe - Detroit Deep House if they know how to do it right <><>
ONT USDUsing the RSI, Fib and S/R Lines, I recommend going Long at this position.
The Fib shows that the retracement of price (Correction Trend) on the Minor Resistance / Support was in conjunction with the .5%, this is positive as it could induce a further rise (Impulse Trend) even leading up to the 1% Fib Line.
A buy on ONT/USD using simple HA and Ichimoku.Hi, first time doing this so forgive me if it is raw. I have been using a simple system learnt from Mr Anderson's Twitter. Thanks to him. Although for clarity, I have not used his 10/20 EMA on this chart, just his HA idea.
I've noticed that the candle colour has changed, giving me three greens. And what I particularly like is the crossing of the Tenkan above the Kijun on Aug 25th. For me, this gives a buy on ONT. Yes, I missed the first bounce, but I am just a beginner, and was reading.
Anyway, critique away. It's deliberately simple, but that's what I like.
ONTUSDLong ONTUSD at 2.22
Take profit at 3.33
Stop below previous low.
ONT has been one of the strongest performers of 2018.
At one point up 900%
Already up 200% from the low several days ago, the retracement in the last few hours provides a low risk entry
Note : I have used the modified Andrews forks to determine slope and Fibonacci levels. They do not have standard A B C points and should be considered only as sloping lines