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!
ONTBTC
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
$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
ONTBTC formed bullish BAT | Upto 56% move expected
Priceline of Ontology (ONT) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: 0.0000757 to 0.0000701 sats
Sell between: 0.0000892 to 0.0001096 sats
So mid term trade has potential to give upto 56% profit move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
$ONT, Breaking from accumulation range over support level...$ONT
Breaking from accumulation range over support level at ~7200 sats
Volume slowly starting to rise (Tight SL just in case)
UCTS still quite at HTFs while at LTF is starting to show buy signals across multiple charts..
OBV bullish divergence
as targets ~8200 sats (10%+)
#ONT
#Ontology Good Areas To BuyEntry : 0.0000721 - 0.0000689 - 0.0000637
Target 1 : 0.0000803
Target 2 : 0.0000883
Target 3 : 0.0001011
Target 4 : 0.0001189
Target 5 : 0.0001386
Stop loss : 0.0000604
Risk/Reward : 10%/113%
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
ONT/BTC Bullish Trade Idea.Hi everyone,
Today I'm sharing with you my ONT/BTC idea.
The setup is very nice, but altcoins are kinda risky at the moment.
(BTC Dominance is high.).
ONT is testing an old support zone, and the price bounced violently(fibo 88.6) there last time, I'm expecting the same reaction again.
My Prometheus indicator is telling me that momentum is rising, and a bullish cycle might come soon. (Aka The market is seeing this support.)
Entry ~ 690 -710 = Support zone
TP 1 ~ 965 = POC/probably a lot of buyers trapped
TP 2 ~ 1645 = Huge Resistance there/buyer trapped
SL ~ 623 = below support zone
Of course, as usual, BTC can ruins the party, so be careful
Happy holidays everyone!