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Ontbtclong

Ontology Ready for Another Breakout from a Descending Wedge.Hey, I am back with another Technical Analysis, this taking lookg again at ONT a s its acting really strong ! Last time I ve posted Ontology in a Pennant Breakout Pattern, which broke right after publishing, link down below in Related Ideas. 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 descending Wedge bullish pattern that has been drawn. Seems like its croosing downtrend line and about to break, good volume, but still can be denied. Taking look at Indicators. MACD gives buy signal with strong buy volume for that short period. RS I is at the bullish levels, bounce from 55 would be Ideal. Good buying Volume. 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!
by TiborVrbovsky
9
ONT ready to deliver a 50% to you.Hello friends, welcome to this analysis on ONT. ONT is a really good project and it's favorable in the crypto land at the moment and you can see a lot of people are talking about it so you can expect some more upside from it. As you can see in The chart ONT has cooled down after a massive run and it has formed a falling wedge. the target of the falling wedge is gonna be around 7.3k sats. you can see that the price action is up trending inside the triangle and is getting ready to break up. As a trader, you wanna wait and identify the breakout and then buy the breakout. remember the break-out must have good volume and you should wait for the candle to close for confirmation. However, if you look at the RSI in 4-hour chart you can see that it has pulled off from the oversold area and is up trending to the upside which is giving me some confidence that we gonna see a break to the upside. I'll update this post if I see the breakout. Good luck trading. ;)
by Trader_Shayan
1