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Ontology

ONTOLOGY (ONT) – Wyckoff cycle – 600% profit/loss ratioHi Guys! Wow what a bargain. Many cryptos are very cheap right now so this is the time to scrutinize projects and decide which of them to buy! It is really hard to describe ONT but here are the essentials: • There was ICO . • They launched ONT at the beginning of March 2018. For 1 NEO one got 0.2 • They are backed by massive team (40 people which most of them are IT senior engineers). Everyone with photo and description. info.ont.io • CEO Jun Li is also the founder of Onchain startup (2014) backed by Fosun Group (Conglomerate from China) • Their goal is to incorporate blockchain into current, real existing businesses. They want to bridge the real world with NEO to relieve businesses from tech development • They are strictly connected to NEO • NEO focus is public, ONT focus is private • NEO stands for digital applications, digital new economy, ONT stands for bridging the real economy with the digital economy • NEO new digital apps/businesses, ONT wants to make it possible for a current business to become digital companies • They are aiming to governments, health services as well as private business, IoT, people, data and many more • At protocol level and application level NEO focuses on digital assets and smart economy and ONT focuses on trust identity, distributed data, and trust in collaboration scenarios. • They want you to be in control of your data. They treat data like a gold. • ONT wants to create separate blockchains for businesses to store their data without posibility for 3rd parties to access and view them.1 business/process one blockchain. • Token structure is similar to NEO – when you hold NEO you are paid gas and when you hold ONT you will get ontology gas – each block 15- 20 seconds • ONT is listed on Binance, Huobi, OKEX, Gate. io We noticed ONT has finished Wyckoff cycle which can be an indicator to buy. Let’s go through all the phases. Phase A PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. Phase B ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. If a top is to be confirmed, supply will outweigh demand, and volume and spread should decrease as price approaches the resistance area of the BC. A ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs, then quickly reverses to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW— a sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. Phase C UTAD—upthrust after distribution. A UTAD is a distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element. Phase D LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. On the second chart, you can see zoomed in bars. On daily interval, we are above TenkanSen for good. The second bar started above the red line. This is a strong buy signal. Moreover, MACD shows us bull’s cross – very good – time to buy. Weis Wave indicator – red waves are decreasing so it means supply is evaporating. We need more demand on the horizon. It will come definitely. So Traders. This might be a great opportunity. We are at the bottom of the price and we can reach ATH which is at 0.0012500. This is over 4 times more in comparison to the current price. In terms of profit/loss ratio. Let’s assume you invest $100. The lowest level of the price ever half of what it is now. Ok we can lose $50. To obtain ATH we have to multiple current price level by 4. This means we make $400 dollars from each invested $100. This equals $300 dollars profit. Profit/loss =$300/$50 = 6 *100% = 600%. This is really good ratio. This is definitely worth a risk. What do you guys think of this project? Have you already bought it? Thank you for being here. Do not hesitate to comment, like and of course follow; ) HUGE Hugs WBM Team
Long
by WBM_Team
Ontology Price Squeeze Inviting BuyersOntology is one of the NEO tokens, and all of them seem to be extremely undervalued at this stage. Current price action shows the price squeeze and ONT could be just about to break above the downtrend trendline. There are two interesting facts: First is that the price has reached and cleanly rejected the 227.2% Fibonacci support, that is $1.03 - an extremely strong psychological support as well! Second is that the new Fibonacci time zone cycle has just started, meaning that the timing for the buying opportunity could not get any better. But at the same time, to confirm trend reversal, price has to break above the downtrend trendline. When/if that occurs, price could ether start rising slowly or potentially skyrocket without much notice.  First resistance is of course near the previous high at $12, and of course $10 psychological level should be watched. Break above previous high might push as high as $100 in the medium to long term.
BINANCE:ONTUSD
by CryptoPAMM
2
ONT - Bullish Short Term (potential inverse head & shoulders)Bounced at one of the last few supports remaining. Impulse wave up on 5m scale (15m is the lowest allowed for Published Ideas). Potential Inverse Head & shoulders ONT has been oversold on the Daily for over a month. Are we looking at the beginning of a Reversal that many of us have been looking for? Too early to tell but if we complete this 5-wave structure, this would be a good sign. SHORT TERM TARGETS: Entry: 2288 - 2314 Target #1: 2468 Target #2: 2550 STOP: 2229
Long
by weev
1
Ontology (ONT) Bounce from support, likely drop, possible long.Ontology just had a bounce from lows with the obvious bull div indicating rising support. Now this is the first zone of resistance that we could not break before. The RSI shows a lack of support at this price, so be cautious. I would consider going long once the cloud is breached. This is because we are previous support as indicated by the 1 day graph. A bounce is not uncommon when this happens. I believe a bear flag will occur here, which might be a good 5-10% trade. The only problem is that I feel BTC still has more room to drop, so I am more inclined to believe this rally will fail. I am posting this because ONT is just so incredibly low it will be interesting to come back in a few weeks and see if support has held or we are on path to 2264. For long term players, pick up some here. Thanks for viewing. Hope you are doing well in this market. If it makes you feel any better I lost over 10% on TRX after transferring it to my online wallet to participate in voting only to have btc fall. Keep in mind I had to lock my TRX for a period of 3 days, so I could not do anything and had to eat this loss. If you are short, congratulations on the xxx% gains.
Long
by HD1184K
$ONT paired with $USDT overbought & possible trend reversalDecided on another entry here with $ONT paired with $USDT based on 1D bullish divergence indicating a possible trend reversal to the upside and also off the .618 fib. Price re-testing previous support, oversold on 1D as well as 4H oscillators. Im anticipating price to head into VPVR levels on the 4H. As always, indicators give us great signals and high probability trades, however the market can go against you at any time. All it takes is a MM $BTC dump and Alts go with it. Risk management is king as I always say. My stop loss set up just under previous swing low support at around -5% approx. Prior gains and risk/reward potential far outweigh my stop losses getting taken out in this case. I use the TTPro tops and bottoms alerts indicators developed by a friend and mentor. If you are interested check them out at turbotraderpro.com Not financial advice, trading crypto can be risky, please do not base your trade decisions on my posts. Do your own due diligence. Peace.
Long
by tradingwithanthony
ONTOLOGY - FREE FALLING. Where will it stop?Ontology has been falling freely since 7 June. The price has depreciated by 68%. It is moving below 9-day EMA which is a big problem. It is now moving into a critical zone, 0.786 Fibonacci level. This corresponds to 0.0003575 BTC. The RSI has been way too oversold for so long. It's just a matter of time when it reverses. It should rebound from the 0.786 level else it's gonna run into some serious trouble. The profit taking targets can be next fibonacci levels.! Wait for the signs of reversal before entering any long positions. If the current support level holds then i will enter the trade. (I can post the chart with in depth analysis using indicators if people need it, but as for now, this should suffice.) P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
ONT has showed some life but i think we have a lot further to goMy Fibs origin is at 0.0000001 due to the airdrop to the community ONT had performed very well during the bear market but unfortunately, I see a long way before we hit the bottom, Volume has dropped by 75% and the market is being dominated by bots so they will dictate ONT path. We saw a decent little bounce today as bitcoin began ranging sideways and the sellers are still out in force. 79% retracement will place us in the 26k sat range, i am looking to buy at the weekly order block of 22k sats and the daily order block of 16k sats to complete the retracement and preparation for the next big run. REMEMBER this coins bottom was literally 0 a few months ago. Happy Trading
Short
by themack92
ONT - Time for Ontology to turn around? (+300%)Quick and easy - ONT has been slaughtered recently - after a beautiful run up quintupling initially (where I guided the readers nicely :-) ), the cryptocurrency stood ground for a while but then got sacked just like all the other ones. Currently touching the last Fibonacci retracement level, having the RSI in an extremely overbought region, and the MACD about to make a big golden cross, this might be the time for reversal. Just a heads up from this guy! ONT is a solid gem and now available on the cheap.
Long
by A_Cryptastic_Mind
Ontology - ONT/USDT - A Breakout of 100%+ is imminent! [Read NowImmediately turn your attention to our latest crypto alert ---> ONT/USDT | Ontology. We are bouncing hard off the heels of a +74% crypto winner (Bitcoin Diamond ) and we are turning our full focus on ONT/USDT! We loaded the boat to the gunwale with Ontology tokens and are expecting a breakout of epic proportions in the near-term! Just look at the chart! Bullish divergence has taken favor! In addition, we currently see a .786 fibonocci retracement and we're at the tail end of an elliott wave formation! Ontology is just sitting in the sweet spot with HUGE UPSIDE POTENTIAL with very limited downside risk! We highly recommend that you pick up ONT tokens on Binance Exchange before this rocket takes off for possible gains of 100% or more! ;)
BINANCE:ONTUSD
by CryptoCurrencyAlerts
5
ONT/USDT - Ontology - Breakout of 100%+ Imminent!Immediately turn your attention to our latest crypto alert ---> ONT/USDT | Ontology. We are bouncing off the heels of a +74% crypto winner (Bitcoin Diamond ) and we are extremely bullish on ONT/USDT at the moment! We recently loaded the boat with Ontology tokens and are expecting a breakout of epic proportions in the near-term! Just look at the chart! Bullish divergence has taken favor! In addition, we currently see a .786 fibonocci retracement! Ontology is just sitting in the sweet spot with HUGE UPSIDE POTENTIAL with very limited downside risk! We highly recommend that you pick up ONT tokens on Binance Exchange before this rocket takes off for possible gains of 100% or more! ;)
BINANCE:ONTUSD
by CryptoCurrencyAlerts