Ontology, ONT/BTC Is Reaching an Interesting Crossroad!
One of the best performing coins in the last month has to be Ontology, ONT/BTC.
After a very nice runup and some consolidation, ONT/BTC has now formed a nice channel for itself:
Currently reaching the support level at around 0.0005500. This area is also close to the bottom of the channel and happens to be near the .618 fib retracement level as well.
So as price reaches both the support level and bottom of the channel, this "crossroad" could be an interesting level to enter Ontology for another move up.
If you're looking for a short-term swing trade in Ontology, ONT/BTC, then these are the levels to look for.
Trade Instructions
Buy Area:
0.0005500 - 0.0005750
Profit Targets:
1. 0.0006458
2. 0.0006751
3. 0.0007045
4. 0.0007472
Stop Loss:
0.0005250
Leave a comment if you have any questions.
Like it, if you liked it and share it if you loved it. This is for good karma :)
And until next time, good luck with your trading!
After a very nice runup and some consolidation, ONT/BTC has now formed a nice channel for itself:
Currently reaching the support level at around 0.0005500. This area is also close to the bottom of the channel and happens to be near the .618 fib retracement level as well.
So as price reaches both the support level and bottom of the channel, this "crossroad" could be an interesting level to enter Ontology for another move up.
If you're looking for a short-term swing trade in Ontology, ONT/BTC, then these are the levels to look for.
Trade Instructions
Buy Area:
0.0005500 - 0.0005750
Profit Targets:
1. 0.0006458
2. 0.0006751
3. 0.0007045
4. 0.0007472
Stop Loss:
0.0005250
Leave a comment if you have any questions.
Like it, if you liked it and share it if you loved it. This is for good karma :)
And until next time, good luck with your trading!
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.