ONT=BreakoutBINANCE:ONTETH is a Strong Buy!
Analysis Method: Wave Theory & Fibonacci
Wave Position: Micro-wave 3
Will update.
ONT
ONTUSD o.O1) It looks like ONT is holding support very well and a possible new trend line (Bottom yellow line) is forming off of this dip.
------ If stop losses are set around .65 (7%) the possible gains are up to around $1 (40%ish) which I would suggest of course to take gains on the way up. I like to take gains around whole numbers because its easier to remember the numbers.
------ All bets are off if it drops below the yellow resistance.
2) The top yellow resistance line is made from 7/23/18 to the second point on 6/24/19 down to the recent high on 2/10/20 on the weekly chart. (11mths,9mths,4mths?)
------- To me this is showing that the yellow support and resistance lines are forming a bull flag. These lines should intersect around 4/20/20 (lol 420) that is pretty soon given the last high was 8-9 months ago.
3) The top blue dotted line is made from the high on 2/15/20 and the high on 2/24/20, coincidentally on 3/2/20. (on the daily chart)
------- Now we are trading above the blue line :)
------- I think that this blue line is a very good indicator in our favor.
------- It also seems that the price is following the line possibly down to the yellow or blue resistances then spike up?
4) The bottom blue dotted line was made on the daily chart starting on 1/24 then the next point was on 2/27.
------- I don't have much to say about this line other than its useful to use on the shorter time frame lol.
5) This resistance also makes sense because we are close to the previous low around the end of Jan.
------- This is becoming a bull market ever since 2020 and I don't really see this losing steam any time soon. For the part of the market that is like me (Bulls) we really want to see the price have a low above the previous low. This even makes some bears become bulls because the trend will be very strong at that point.
6) Purple box is the a strong "support and resistance" on the monthly/weekly chart.
7) BTC has a VERY similiar situation with MUCH more volume. ONT has usually followed BTC and I think that trend is so set in stone at this point something major would have to happen for that trend to break.
------- Follow BTC if you want to trade this coin.
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Okay now that that's all done if you have any questions, need clarification, have a comment, or want charting/analysis advice please let me know.
Feel free to DM me and we can trade ideas, I love hearing others thoughts and learning new ideas or teaching new ideas to people.
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Send It!!! $ONT $ONTUSD #Crypto
Weekly
Looing at our trend timeframe we see ONT remains in a minor uptrend, stochastic rsi showing momentum in favor of the bulls. This week's candle tested our uptrend drawn from early January. Next week we should expect another retest of the $0.80 unless the smaller timeframe shows otherwise.
Daily
Shifting over to our pattern timeframe we see ONT has found support inside our $0.80- $0.85 zones. Stochastic RSI showing momentum is currently paused, as we await the next move. A daily close above $0.85 and we should see the price make a move towards $0.95, however a rejection and we could see a sell-off towards $0.75
I got bag, hit em' & do it again $ONT $ONTUSD $Crypto
Weekly (zoomed out)
Looking at our higher timeframe we see ONT remains in a downtrend since our ATH in 2018, however, the potential for this coin is personally one of my favorites. Looking at a naked chart we see the price has bottomed out around our $0.40 zone since then has gradually been heading towards the upside. Stochastic RSI showing momentum is in favor of the bulls even though this week's candle is in the red.
Weekly (zoomed in)
Sticking to our higher timeframe we see price is looking to break out the previous high of $0.97, a close above this level indicates our downtrend is over. This week we saw a push towards $1.10, and the price is now hovering our previous resistance of $0.88, however, it fell as low as $0.80.
Daily
Shifting over to our pattern timeframe we see price actually did break and close above our previous high of $0.97. We should be seeing a retest of this resistance now as support, which is currently what price is doing. ONT is currently showing momentum remains in favor of the bears and we could be seeing price continue falling towards our dynamic support at $0.75. A daily close below $0.88 indicates we will continue towards the downside, rejection from this level indicates otherwise.
4Hour
Finally looking at our trigger timeframe we see the price a huge rejection from our most recent sell off to $0.80, stochastic rsi showing momentum remains in favor of the bears however price showing otherwise. Our trigger timeframe also shows a lower high rejection from our previous resistance of $0.98 and we should expect the price to hang out around this level before making a parabolic move towards the upside. A 4hour close above $0.8875 indicates we will continue towards the upside, rejection from this level and expect our dynamic support at $0.75 to be tested.
ONTUSDT Bullish triple missing right shoulder divergenceONTUSDT Bullish tripple missing right shoulder divergence
Ontology just shows a bullish divergence on the USDT trading pair on the daily timeframe.
As far as I can see, this one is pretty strong, as we are also on a major support level.
On the weekly the EMA’s and MACD-Histogram are still declining. I am expecting an uptick on the daily which will result in the direction change of the EMA and or the MACD-HIstogram.
It’s a bit of a tricky one, but I don’t want to wait for the weekly and am considering to enter somewhere this week.
I will talk later on how I found an entry, or not, based on a shorter timeframe.
The Stoploss is around the 45 to 47 cents level, that would mean such a lower low, that I expect it did really fall through support, and then it will invalidate the trade.
The target in case of a divergence will be a move of two or three ATR levels, which would result in 88 cents up to 1,05.
R/R 1:6 / 1:6,5
Entry: now or lower (I will base this on a shorter timeframe)
Exit: 0,88 to 1,05
ALT.Coins (Y20.P2.E2).Macro.Targets.OverviewHi All,
Do you wonder why some coins keep going and others have stopped or struggling to go higher?
I thought I do something basic (Fibonacci levels) and post it here (some have more details because they were ones I was trading or had much interest)
It covers the following ALTS:
ADA, BNB, BCH, BAT
EOS, ONT, ETH, IOTA
XRP, NEO, XLM, OMG, WAVES
****************************** ADA chart ******************************
****************************** BINANCE chart ******************************
****************************** BAT chart ******************************
****************************** EOS chart ******************************
****************************** ONT chart ******************************
****************************** ETH chart ******************************
****************************** ******************************
****************************** IOTA chart ******************************
****************************** XRP chart ******************************
****************************** NEO chart ******************************
****************************** XLM chart ******************************
****************************** WAVES\BTC chart ******************************
****************************** OMG chart ******************************
Bless Us $ONT $ONTBTC #Ontology
Weekly
ONT on the weekly showing a major downtrend since all time high. Price currently sitting at 899 satoshis, stochastic rsi showing momentum is in favor of the bears on the higher timeframe which is a good sign we could be seeing a reversal.
Weekly (Zoomed In)
Taking a closer look at our weekly we see ONT has formed a double bottom and found support at the 650 zone. Momentum looks to have formed a higher low, which is another good sign that this could just be the beginning of a big move.
Daily
Looking at our pattern timeframe we see ONT has broken out of a minor downtrend and tested again for support, this is when we saw momentum shift towards the upside. Price then set a higher high on Jan 31st with 825 satoshis, and has since been continuing toward the upside. Feb 4th left a strong bullish engulfing candle, destroying our resistance from the Nov 23rd consolidation which leads me to believe we will also destroy the next resistance of 1000 satoshis. A daily close above 898 is a good sign we are heading up.
he Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Foot On The Gas $ONTUSD $ONT $Crytpo
Weekly
Zooming out we can see ONT has been in a major downtrend since our all time high (close) around $9.25. Price is now sitting at $0.77, with our ATL (close) around $0.45. If we are simply looking at it from a risk to reward perspective, I think it’s a no brainer. Stochastic RSI showing momentum is favor of the bulls with no signs of slowing down.
Weekly
When we take a closer look at our weekly we see price has broke out of a minor downtrend, however lets us not forget we are still in a major downtrend. With that being said, this is still the weekly timeframe which means this is still a big move coming whether its the end of the bear market or not. Last time we were at this price we saw ONT make a radical move from $0.60 all they way up to $1.50. Before we get a push to $1.50, price has to break through it psychological resistance of $1.00. A weekly close above $1.00 indicates we are looking to set a higher high which is a sign we are in an uptrend.
Daily
Looking at our trigger timeframe we see price has slowed down and found resistance at $0.7850, stochastic RSI showing momentum slowing down as well and we could be seeing a possible retracement. The bullish engulfing left on Feb 2nd is a good sign we could just consolidate at this before making a radical move towards the upside, otherwise expecting a sell off towards $0.70
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
ONT/BTC - Buy opportunity available!ONT is gaining strength and a possible 5th Elliot wave in play!
This is a chart on 1h time frame, so the stop loss and the reward it will be accordingly. Anyway, ONTBTC is on margin trading as well, so... if you want a bigger win u can use a 5x leverage, but it's up to you!
Enjoy it and have a nice weekend!
There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. Ontology/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00390 to 0.00330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00390)
Ending of entry zone (0.00330)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00450
TP2= @ 0.00500
TP3= @ 0.00597
TP4= @ 0.00680
TP5= @ 0.00763
TP6= @ 0.00897
TP7= @ 0.01030
TP8= @ 0.01463
TP9= Free
There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. Ontology/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00390 to 0.00330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00390)
Ending of entry zone (0.00330)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00450
TP2= @ 0.00500
TP3= @ 0.00597
TP4= @ 0.00680
TP5= @ 0.00763
TP6= @ 0.00897
TP7= @ 0.01030
TP8= @ 0.01463
TP9= Free
ONT ANALYSIS (TIME TO BUY THE RETRACE!)ONT
ONT recently had a failed break down, which was eaten back up by buyers creating a bart pattern. ONT sits back at a strong support line at 700-725 sats. This is a great entry zone as ONT has plenty of room for growth form here. A break thru of the 50 MA at T1 of 780 sats is expected to come this week. Once T2 at 830 sats is broken, a small frenzy of buys should push ONT in the direction it needs to hit T3 at the daily resistance block of 960 sats. 200 MA has dropped close to 50 & 100, making it possible for a bullish cross of both 50 & 100 OVER the 200 MA. This could be a great setup for long term as well. This is definitely something I would recommend a buy in near 700 sats. All signals are pushing for a buy here.
Possible Entries: 700-725 sats
Bull break pending, ONTXIf this 4hr candle can close engulfing the doji on ONTX, it could mark the beginning of the bull break. There's also now a hidden RSI bullish divergence. That along with the decreasing volume and the equilibrium pattern I talked about in my last post are great bullish signs!
$ONT, Crossing over ~8200 sats resistance level $ONT
Crossing over ~8200 sats resistance level following what market has been doing all day...
Crossing above EMA50
UCTS Buy signals on the 1D and lower TFs...
Looking for a potential R/S flip at this level as entry (may never happen) with 1st target at 9300 sats
#ONT