ONTBTC
ONTBTC I like to buy long-term ONT.
So I am waiting for BTC moves & watching that yellow triangle, with as usually important FIBO level 618.
I can see death cross at this 1 hour timeframe and low , avarage volume.
It´s not very good but ONT is a very new token and "awesome rating" investment by wallet investor prediction.
So, I watching good entry point and what will happen in near future at the apex of this yellow triangle/flag formation.
Firstly, I need to see trend above greenline EMA 200 + more decent volume spike above avarage zone.
I will update.
Mario Emvo.
*This is not a financial advice.
*Only for education purposes.
Ontology BINANCE:ONTBTC is a strong coin fundamentally and from a TA point of view today we have a good entry point. On the 4h chart MACD looks like it wants to turn bullish and we have a bullish convergence on the RSI. This is a long term HODL project and we are going to sell along the way when you feel comfortable. Put stop loss -10% from entry point as BTC is still insecure these days.
This is Ground Control To Major ONT....Back at ya with another request, this time its ONT (Ontology),
This one was tricky for a sec until I realized that we had a failed impulse wave after the original correction forming a WXY Double Zig Zag pattern. Also known as a Double Elliot Wave Combo.
If you don't know about this, it means we had a failed impulse wave and an extended correction. Two ABC correction connected by an failed X wave, and then hopefully we've corrected enough the second time and ..... 3 .... 2.... 1..... COMMENCE LIFTOFF!! But, sometimes we get stopped out again and turn into a TRIPLE Elliot Wave Combo or WXYXZ Corrective Pattern. However, I feel with all the bullish sentiment going around right now we won't have any problems once we finish our retracement.
I believe we still have a small bit more to retrace so that we can hit the 0.5 Fibonacci level, and then we can go to the moon guys.
Target for bottom of C is about 42,200 Satoshis. And because this is the completion of our first correction, our next large scale impulse wave structure is wave 3, which commonly hits the fibb extension of 1.618. I put this Fibbonacci Extension on the chart for you guys to see. Next long term target is 132,000 Satoshis for wave 3!!!
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
Ontology (ONT) - Correction before the next Impulse?Looking at the existing support (blue) and resistance (red) lines & trends, and considering the recent correction, I believe ONT is due for another breakout after this correction has completed. Orange is a potential trend-line if the correction ends up ending near where I plotted.
__________
This is not investment advice.
I know nothing.
I have no ego.
I don't claim to be anything other than a newbie.
ONT/BTC had an insane run! Retracement here, potential handle?!?ONT had such a nice run, it was so fun catching the bottom here and helping people get out of scary buys.
Had to let people know to just be patient and let it play out, the competitions on binance definitely helped!
So volume is overall down since it's top here, IF there is a bounce and the handle takes off, targets are set above in the 2.272-2.414 extensions~~
ONT/BTC is looking for breakout!!!I see a possible breakout from descending triangle, my advise for you to look for a confirmed breakout to buy-in ONT coin. If you want to buy-in right now, please put your stop loss to 0.0004500.
Profit Targets:
0.0005800
0.0006950
0.0010280
Stop loss:
0.0004500
Have a nice day,
Berk.
ONT – Bullish pennants all over the place – Pending break-outOntology has been really going for it, jumping from one bullish pennant to the next one. Today we are experiencing pennant number 4, accompanied by a golden cross in the MACD (A) and upward momentum in the RSI (B), so this one is likely to precede a strong next bull run.
Talking targets, the previous 61,8% Fibonacci level is first up at 6650 sat. After that, I believe we can hit 8141 sat. That’s a nice gain.
I’m long in this one for the longer term, but if you just want to make a nice trade, this is definitely a good opportunity.
There is also a nice divergence showing that there is indeed further accumulation, a good example showing this is this author's (@mertmaximilian) post:
E.g. cumulative volume index divergence on the daily:
This one speaks for itself. Good luck.
PS: merely my opinion, DYOR
PS2: always happy when you give a thumbs up :)