Ontology VS Bitcoin Should Go Much HigherFollowing the previous idea on ONT/BTC , it has reached and broke the resistance suggesting the continuation of the uptrend. The Fibonacci applied to the corrective wave after breaking above the 2400 satoshis resistance shows that Ontology broke above the 327.2% Fibonacci retracement level and corrected back down to the uptrend trendline. Currently the uptrend trendline is holding and if rejected price is likely to continue going up.
But, if the trendline will be broken, ONT/BTC could correct down, back to the 127.2% Fibs support at 3800 satoshis. In any case the nearest upside target is seen at 7700 satoshis, whereas if broken it should continue going higher and could reach 13.5k satoshis in the short to medium term.
Ontology
ONTOLOGY: BULL RUN LESS THAN 24 HOURS = 15.14% 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 15.14% PROFIT!!! IN LESS THAN 24 HOURS!!!
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.
It has been noted that almost all of trading volume (100%) for today is coming from Chinese exchanges (including Binance) suggesting substantial interest in the cryptocurrency in China.
What is interesting is that ONT remains in the green while all other cryptocurrencies have dropped in price.
Ontology Trade Opportunity.Hey, I am back with another Trade Opportunity.
There is tons of Opportunities to profit in this market right now.
I have chosen one that seems really solid and has the best Risk/Reward ratio .
Buy - 4,500 - 5,000
Sel l - 5,600 - 6,820 ( Can go higher than that)
I dont like to use stop loss for one specific reason looking at this chart, you can see that ONT has twiced touched the line below support at 4,398 which has triggered many stop losses.
Why I am so confident about this trade?
Let me explain, ONT is only 2% up for past 7 days, which compared to whole market really low.
Also when a coin/token is long at strong support and is holding strong above the line that is being retested few times it often leads to breakout as you may see in my SNGLS/BTC trade opportunity that had 170% breakout, which isnt that bad, is it?
Okay, lets move on to Indicators.
MACD is giving signal to buy with more buyers incoming.
RSI would be great if we can test 55 and then break trough.
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!
Ontology, ONTBTC Ready to Take Off Again?We've covered Ontology, ONTBTC previously but that didn't go as planned but now the chart looks more promising so let's take a look at it again shall we.
Ontology, ONTBTC one of the better performing coins since their launch on Binance in March has retraced quite a bit from its highs but has found good support around the 0.0004500.
It has bounced off that level several times already and it also happens to be near the .618 fib retracement level so it's an important support area to look at.
With a retracement of more than 35% and clear support, we could say that the corrective ABC wave is set and shown on the chart. So are we ready for the next impulse wave and next leg up for Ontology, ONTBTC?
The indicators RSI and MACD both moving upwards and enough room for further movement upwards.
Also, there's a little bull flag forming at the moment so if ONTBTC manage to break out of that bull flag, then we can see it move up and break the triangle that it's in.
So if you want to swing trade Ontology, ONTBTC then this might be an interesting moment to do so or you can wait for some more confirmation by the break of the bull flag or triangle.
Trade Instructions
Buy Area:
0.0004500 - 0.0004800
Profit Targets:
Short - Mid Term
1. 0.0005295
2. 0.0005771
3. 0.0006175
4. 0.0006585
5. 0.0006928
6. 0.0007242
Stop Loss:
0.0004295
Note this is a bit of a tight stop. Remember, you can use a larger stop or no stop at all if you believe in this coin for the mid-long term. You can just ride it out and don't have to worry to get stopped out and miss the swing.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it! This is for good karma.
And until next time, good luck with your trading!
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. ;)
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 potential pitfall!so here we are again! my previous analagy of the market was correct. yes ontology was overbought to fast and its true value has yet to be determined! we are clearly in a downtrend and could go LOWER!
currently we are testing the support which is drawn out as a white line. if we fall through this support we looking potentially looking at a big fall for everyone in this boat! im looking to buy in but only once the price is right.
because this is such a risky position i will not buy in yet until i see ont out of the downtrend.
just a novice trying to go pro dont forget to read your indicators and 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~~