3 different possibly counts for Ontology...I like the steadiness of this coin and the easiness to analayse it, but we never know what will happen of-course...
It has very less reaction on BTC's movements, which I like a lot.
But we are only clear if it breaks out of the ascending trendline...
Until then, I think this coin must take a break...
ONTBTC
ONT Prediction - Studies of buys zones
Hi traders,
I tried to take a little more time to study the ONTBTC chart
Unfortunately I did not see the "RSI divergence" otherwise I will have avoided a loss last night ...
It clearly announced a reversal of trend validated today.
By taking a closer look at the support lines and the resistances, several buys areas are possible.
I think it will be necessary to be careful and wait for the confirmation of a rebound.
The claws of bears can hurt ...
Please excuse my imperfect English.
Good luck to everyone !
ONTOLOGY ABC Correction BUYING OPPORTUNITYIf you're looking to enter ontology after this huge run up, this may be the chance to do it. I am looking at a flat ABC correction because of Elliot waves 2 and 4 were pretty flat. If there there is strength in the bulls i expect the correction to be pretty flat. Because there is an extended wave 5 I do think it can break to lower lows closer to the top of wave 4 for C correction. But with that said, I'll have a position open to enter at lower prices and look for continuation.
Ontology (ONT) - The big bull run!Since our last public post on Ontology (see chart below), Ontology has more then doubled in about a week time.
Previous post (19 April):
If we look at the ONT graph today, we see an amazing gain, especially compared to previous levels. Ever since March, we actually made over 500-600% gains. Even today, the price is spiking with a whopping 18% (and that's not even to the daily high at 0,0012 BTC. But how long can it last?
I placed my sell orders increasingly near the Fibonacci lines so that I could take some profit on this gem if it were to run as fast as it did. And I still have a small position for which I'm trying to get that 0,0012 BTC level.
However, if you are still in this position, I believe that fundamentally it remains an incredible gem with still a lot of growth potential. But the chart is trying to warn us now. You can see how we hit the first crucial resistance level in (1), and at the same day today the second one in (2). These resistance levels are very strong and can definitely cause the price to correct. Which would also be very healthy (after such a run up!!!). Be happy, don't forget to take at least some profit. And if you love this one, don't necessarily sell everything you got. (also note that the MACD and RSI are in the overbought areas)
Finally, if we zoom out to the daily graph, we could say that this is the finalizating of the fifth Elliot Wave, which would logically be followed by, say, an ABC correction figure.
In the meanwhile, definitely have a look at #TKY - this is a gem in the same NEO ecosystem, but still largely undervalued.
Note: this is my personal opinion, not formal investment advice - DYOR! :-)
Note 2: I love getting thumbs up, makes me feel like I'm helping the community and people are actually reading this free stuff ;-)
ONTOLOGY: LISTING ON UPBIT = 117.14% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 117.14% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms.
April 25: Ontology (ONT) releases their IDE integrated development environment), Smartx.
April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese.
April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center.
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -2.70% protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricty. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.
(NEW) May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.
(NEW) May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels.
(NEW) May 3: Upbit (Korean Exchange) lists Ontology.
(NEW) May 3: Korean Exchange Upbit notes that it will give 5% of $ONT holdings to customers who hold ONT coins at the time of the snapshots.
It has been noted that almost all of trading volume (100%) for today is coming from overseas exchanges (mainly consisting of Chinese and Korean exchanges). It is believed that a surge in volume is driven by Ontology's listing on Upbit.
ONT/BTC 4H Buy zone / TargetsWe're in:
- III Cycle Wave (purple)
- (2) Intermediate Wave (blue)
- C minor leg (red)
In my humble opinion, we might be right in the ABC correction.
Next buy zone - red rectangle.
However, to validate this count we need to break through 2 support lines before it gets there.
On the bottom - major support line (it coveres with 0.786 level - very bottom of possible retracement.)
On the other hand I believe there is a small chance to break down through 0.65 fib retracement as there also we find a strong support ( which is also a resistance for previous wave 3.
Targets:
1:1 extension (blue)
1:1.618 (green)
Ontology in a Pennant Breakout Pattern.Hey, I am back with another Technical Analysis this time again looking at Ontology.
Last time I gave call to buy at 4,700, if you traded with my advice you could make up 100% in a week, not bad.
Moving on.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.
Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.
That was in short about Ontology.
Taking look at the chart.
There is a Pennat breakout Pattern that has formed, this pennant often leads to breakout, but can sometime lead to an breakdown. Thing is this chart doesnt have enough data as ONT isnt long on the market. ONT is currently around ATH in terms of satoshi value, which could discourage some people from trading this Crypto, but it looks like there is a still room for additional growment. If everything fails 6,800 is a strong bounce support, another long.
Taking look at Indicators.
MACD headed below 0 fewer sellers, bearish divergence so far, can turn up at any moment with enough volume as it may bounce from RSI support level, if not it should bounce slowly back from bottom line of the triangle, if even that fails, it looks like no breakout would be happening.
RSI needs to stay above 53 to remain bullish, clear support on 43 and ressitance at 53 which is the good bullish zone, it would be Ideal if ONT bounce from support now, but RSI can fall to 30 and below and then at good tempo be headed back to cross both 43 and 53 to became full bullish again.
Stoch shows somehow bullish divergence for now.
Good Volume .
I think thats about it.
Hope I made your view on whats going on with Ontology somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
$ONT UPDATECongrats to anyone who played $ONT since my last chart, and especially those who bought earlier. My entry didn't quite hit, but you would've made a damn good profit if you got in near the target.
$ONT is clearly overbought and I can't imagine it going much higher for now.
I didn't include it, but we've seem to have completed 5 elliot waves and I'm expecting a correction to the 0.5 fib/0.236 fib/support area in the first green box. Second entry target would be the 0.382 fib/support area in the lower green box.
We could see a cup and handle pattern forming before taking off again prior to the June main net launch (just a guess as to how the correction plays out. But then again, this is crypto so it could just keep going up)
Tentative target is the 1.618 fib around 155k sat range.
Happy trading!
ONTOLOGYONT/BTC ... 4 H
Is moving in an uptrend channel but stuck under an important resistance level which is indicated in the chart.
If #ONT crosses the level and stabilizes over it, will have the potential to start the third wave of uptrend and can reach for higher targets in mid-term.
You can trigger an entry point after resistance 65-68.
Until #ONT is within the rising channel, it has the potential to grow.
ONTBTC (GEM) TA Roadmap Part 2TA:
-Strong bullish momentem break the previous high 1st wave
-Formation of 3 wave which will be the longest among the implusive wave
- Shallow 23.6 retracement which is less possibility but yet is indicate strong bullish momentem, may retrace to 38.2 is the maximum as if break below the 1st wave then would be invalid count
-Break resistant and test support may happen if the retracement come in deeper which form expanding correction.
FA:
- Mainnet launch 30 June
TP:
-Shown in chart, need more data to identify the wave
Conclusion:
-Trader: I will hold the 3rd subwave wave completion and took 50% profit
-Investor: Hold and hold till mainnet launch 30June
-My earlier entry had 62% in profit and still hold and tp some
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Ontology update!Hello guys,
I have no time to post a lot of additional information and internal/external updates on Ontology project, as I am at some business meetings all day long, but will catch up later.
Just want to share that we have a potential break out in near future days, if see the price below the Black line of resistance indicated on the snapshot, following also that Market is going in green and all the hype and the open source code that Ont Devs Team has shared with community. Sensational and experienced team. ONT rated as one of best ALT Coins for 2018. Keep it positive and do not follow FUD coming from people who already missed the train by selling their ONT holdings.
Cheers!