Ontology
Possible Bottom forming on ONTONT is possibly forming a bottom, there is a lot of support in this area though the volume has still not returned which is worrying.
ONT needs to first break and hold above 0.00059.
On the 4hr and 8hr the MACD is crossing bullish.
On the 4hr the Wavetrend is finally coming out of oversold territory where it was since the beginning of July. The 8hr is still oversold but crossing bullish.
On the 4hr we're also getting a bullish yume wave twist above the Miaku and 8hr looks like it could begin a bullish twist soon too.
There shouldn't be much resistance until 0.00073 - 0.00080
[ONT/BTC] FOLLOWING THE MARKET (POSITIVE SIGNS)• ONT Finding clear support at .0005300-.00005400 which coincides with a FIB retracement of 61.80%.
• RSI, which is bottomed-out or "oversold" at the moment, is showing signs of beginning its upcoming bullish rally very soon .
• Daily trade volume is still not showing much improvement.
• Bollinger Bands: Currently leaving the bottom band and in-route to middle B Band.
• MACD is about to crossover into bullish territory.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
Ontology how to trade! Easy game here!1 Line
I am buying the breakout in blue line to sell in the other blue line.
Why?
Indicators are extemely bullish (All oversold and MACD reversing), we are in a reversal area, the risk reward is huge and etc...
Not gonna say anymore than that. Charts speaks for itself.
Ontology might confirm its down trend for a third timeOntology took a hard hit lately, which comes as no surprise considering the overall market conditions. But while its price action is on a steady decline, we can see a downwards trend with two clear confirmation points forming. I was wondering if we might see a third confirmation point within the next up-cycle. The price sits at 0.0005 as of writing, and in case the price would follow its trend, it might rise up to 0.0007 pretty quickly. Ontology is one of my favourites in 2018 and regardless of its current price action and I am pretty bullish on this network. Let me know what you think.
ONTOLOGY PRICE ANALYSISPrice reacted according to previous analysis with a break downward from the second trendline which sent the price falling 16% and held at $3.15. But the price really recovered and rallied to $3.68 which is usual for ONT. Despite the release of the ontology mainnet and list for the first triones participants which confirmed a lock up of 12,653,398 ONT, price continue to slide. Price may trade in a range but strong bear return can send it plummeting, with the next support level around $2.7-$2.5.
ONTUSDT - Possible reversal upwards - long termONTUSDT
On the 1 Day chart, we see a possible finger pattern.
This normally means, a strong indication that we will go up. As a finger sticking out and the bars on the side next to this same bar, or higher.
Looks good! BUT, this coin has no proper history. And if we’re really at a strong support here, remains to be seen.
A pretty strong Bullish Divergence on EFI, but not on MACD-H.
Also a bullish divergence on RSI.
We first have to overcome this local resistance, you can see around $3.63 .
When we will reach that an get through, we could see a nice uptrend for ONTUSDT.
You can however decide to take the risk, and assume this is the bottom and gradually buy your way in around the $3.50. I took this risk myself. Bad boy!
Entry $3.65
Target 1 $4.36
Target 2 $5.60
Stop Loss $3.35
R/R ratio:
Target 1: 1:2
Target 2: 1:6.5
Dear StopLoss killer: I don’t place the actual Stoploss, I place an alert, to asses the situation when it takes place. So you’ll leave me alone, so no harm for me there.
About the targets:
The target is flexible to me, I will see to it how the trade develops over time.
I could even stay in it longer then target 2, I might get out and take profits (if any) earlier, because the uptrend looks weak. Remember, the risk increases every step you get closer to your target.
Target 2 could take a long time really, we will update the trade in the mean time, to see how things develop. Target 1 is of course more reasonable.
Ontology - ABC CorrectionOntology had a very nice rally to the upside and is one of the most hyped and popular cryto projects right now. However it failed to break the resistance trendline at around 12.6 K Sats and people are taking their profits.
The price is due for a healthy ABC correction and will probably go down to the 0.618 or 0.786 fib level.
- Happy trading -
ONTBTC - Divergence, expect to reach the fast EMA short termONTBTC
A good Bullish Divergence on MACD-H, also on EFI
Support seems to have formed on the 1H chart, reversal is expected
False breakout, price moving possibly moving up now.
Entry 0.00005230
Target 0.00005319
Stop Loss 0.00005180
R/R ratio: 1:1.8
Note:
We will check out the strength during the trade to see if we stick around to see if it will reacht the slow EMA, to have way more profit. But in this bearish market, I tend to get out with maybe less profit, as there is not much strength currently, and waiting too long you'll see yourself to get out break even
ONT/BTC Good times coming soonWe are getting close to the final of the correction, so it would be a good time to add some positions.
The chart is showing bullish signs.
It is not intented on being financial advices, not even close. I just warming up my trading skills here but if it helps someone in their own analysis, it will make me happy.
Regards
ONT: UPDATEHi everyone,
Update on ONT. We've entered the trade at the green box posted up last week. Its still a tad early in my opinion. Better confirmation would be seeing this daily candle close as a bullish spinning top or hammer for a reversal, which looks like it may be doing right now. I would also like to see some upticking on the MACD histogram followed by a nice golden cross. Take what you can get!
Bullish Swing Trade on ONTAccording to the TD sequential ONT should have a nice bounce coming. I have doubled down on my position on the daily red 9 looking for a correction. We are also coming up on a weekly red 9 which combining both the daily and the weekly (off by about 5 days) I would say this could be one of the top performers to come. Unfortunately BTC may limit how big of a bounce we can find, however if you see bitcoin have a slight relief from downward pressure you could see ONT outpace a lot of other cryptos in the coming days/weeks depending the outlay of the crypto market as a whole. With the main net recently being released and many free ONT coins being distributed it was expected to see the recent dump. Now I believe we will soon find a bottom. Again varying on what kind of action we see from BTC.
Respect my Cocoline ONT!Helly everybody,
Just an update on ONT. As you can see ONT dropped a lot since my recent post. We arrived at the 0.5 fib line. Either we move upwards for a slight correction or ONT will fall massively towards 5500 sat levels. The last option would be nice, because I kinda missed out on the first run, dammit.
But as we all know, what goes up must come down and nothing stays up forever right;) My buy-zone would be even lower, but hey, I have coco balls of patience:) Hope you as well.
Peace & Love
ONTBTC short term Long pullback to EMA
ONTBTC
A bit weak Bullish Divergence on MACD-H (a bit more then 50% )
Strong Bullish Divergence EFI
RSI touched oversold zone
Then there is a false breakout, the new low has formed for now.
I expect it to go up to the slow EMA
Entry 0.0007330
Target 0.0007478
Stop Loss 0.0007250
R/R ratio: 1:2
How I got my entry at 0.0007320 :
ONTOLOGY(ONT) WAITING FOR A BREAKOUTOUTLOOK: BULLISH BIAS
Ontology is currently top 22 in coinmarketcap and top 15 in the past 24hr volume.
>7520 sats has been holding the price and tested multiple times in 4hr time frame and twice in daily.
>ONT is very attractive since it didn't pump that much since the price up tick in BTC un like other top 30 tokens & coins
>Same with MANA that pumped behind from top alt coins.
>In 1hr, 4hr & 1D time frames, all indicators are showing exhaustion from sellers and price might go up any time soon.
>A candle close above 7800 sats, above the EMA7 & upper trend line will confirm a bullish breakout
>Candle close below 7480 sats will push the price down to 7200 which is most probably the bottom
>RSI, Stoch RSI, BB%B & MACD is showing a good consolidation at the bottom waiting for a breakout.
>RSI is currently flat despite of a trending down of the price which could be a sign of a reversal.
>Waiting for a candle close for a confirmation.
>30% up is very probable
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
ONT Daily Timeframe Update 7/4 Still haven't changed my targets,I'm thinking this is a extended/complicated wave 3/4... wave 5 won't be amazing, but the next wave set could be wave "3" (this being the 1/2) and we may see some excellent gains in the coming months to year end.
I'll watch and wait for now.
ONT/BTC 8hr...Many Counts In Play, Finding The Reentry...Hello fellow traders...
Wanted to give an update on Ontology as it has been a while since we made a new post. However, the alarm at 8k has hit, so this is a good time for an update ;-)
Due to a current business venture we are working on, we have decided to switch these charts to an 8hr--as we are diverting our precious time in other areas. Still are longterm bulls on ONT, but as of where we stand currently, there is not enough market data to reenter just yet. Here is one of our proposed counts detailing the overall picture of the setup.
As always, stay tuned for regular updates on the chart and changes to the count.
And please, do not take this as financial advice. It is here for your education and entertainment ;-)
longmoney