ONTUSDT trade ideas
ONT begins it's long ascent to new ATH.While BTC took a breather this last 4hr, ONTOLOGY was busy going parabolic. Even with other Alts retracing ONT is putting pressure on. Most likely a dangerous place to jump in right now. I expect many more gains from this one in the future. DYOR.
Ontology isn't climbing up now!As you see the chart above, I think wave 1, 2 and 3 are completed and it's within wave 4.
Due to wave 2, I considered a timing correction pattern but maybe another one happens.
So a huge correction pattern should be completed.
Therefore pay attention if you need to close your trades!
ONT LongThis is a gem this coin shouldn't even have a futures on Kucoin but it does. this hasn't even broken it's initial resistance but it's testing that resistance now. I'm going to have to full send and put all my money into this position. This is currently my favorite position that I'm going to take out in futures. this is going to make me alot of money.
ONTUSDT So Bullish on the Long RunNFA,
These are just my thoughts, kindly do your own research,
Stay Happy and Have a Lovely Day.
ONT BACK TO PARABOLA!I think we had a fake out from the parabola last week. ONT may continue its parabola if it holds. These times are very volatile so using stop loss is a must.
ONT/USDT Update: Using 0.6 Fib as new support. Target still 8$ONT did break out of the narrowing wedge in yellow.
Since then ONT blasts off eyeing for new ATH.
On the way we got a bigger pullback in April and according to Fibonacci retracement levels we've found support around the 0.6 level.
Currently we are moving through the 0.3 level which indicates more upside movement.
In addition the volume overall keeps increasing and we are still far away from our target around 8$.
This pullback nearly did send us back below to oversold area.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ONT next move is PIbetting on 3.14 usdt the number of PI
only coin i sell for usdt :) just for the PI
wish me luck i want that pie
still showing a bullish run check out the previous analysis in this coin after we hit tps
what do you think ?
