Ontology head and shoulders spottedquick view, head and shoulders spotted, i will make more specific chart tommorow
Ontology
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/BTCStrong support 50k sats. RSI and MACD indicators are turning around in the hr 2 hr 4 hr and daily new ath soon
ONT/BTC 4hr Cup & Handle ONT looks to be forming a cup and handle.
Accumulation has been going on for the last week.
These are the levels and projection that I believe will occur.
Back at it.$ONT breaking out of the triangle from the past couple days. Should prove to be an interesting alt season. Zoom out and look at the daily and you can see the bigger picture.
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 :)
Ontology break-out watchOntology has been consolidating in a channel, after correcting approximately 50% from it's massive run last week. IF we can close above the upper channel resistance at around 0.0005300, with some volume, we can see another impulse begin. We can look for a target around the 1 to 1 extension of the previous wave up, 0.0007500. This is not an extension of the entire previous cycle, only of wave 5. Therefore, this will be a sub-wave 1 of a larger impulse cycle to new highs.
Should be a good dayThe bbands are getting tight and squeeze momentum looks really nice. $ONT should be a nice bet for the day to go long.
reverse sell ontwait for a retrace to the bottom of the wedge if possible and buy there. or closer to the 50k range at least
Looks like we havent started B.... Big spike off of 382 Likely fABC Short can ride B if you want but not my play
$ONT H&S AND 3 DRIVES PATTERN$ONT seems to have a 3 drives pattern forming inside of a H&S. The fib levels verify the 3 drives pattern so far, awaiting the final drive down to the 1.272~1.618 fib level. seems to be oversold currently and a drive up is expected to the fib levels below the neckline, before continuing down to complete the H&S to the 0.5 ~0.382 fib levels. I don' think the 0.382 fib will hit for the H&S completion, more likely to just below or at the 0.5 fib.
ONT/BTC --Binance 4hr--I seem to be getting better at making my ideas slightly more legible and clear. This will allow less frequent updates so that I can focus on my other swings.
My order was filled so I am back long on Ontology. Preliminary roadmap is all mapped out. Happy trading folks.
--longmoney
Why did ONTOLOGY crash?I've come to the conclusion that Technical analysis for altcoins such as ONT 0.91% , WAN, ICX is highly unreliable and outright dangerous if Bitcoin 1.18% remains extremely volatile.
Before you start blasting me. Hear me out. ONT 0.91% was obviously bullish I agree with you, 2 bullish divergences + 2 bullflags.
But yet, still failed to break out and moved the price upwards and it even broke through the POC .
Bitcoin 1.18% value in american dollars rose by 20% within 1 hour. Exchanges had to adjust the relative dollar value of Ontology to the new Bitcoin 1.18% price by dumping/lowering the price of bitcoin 1.18% value of ONT 0.91% .
In other words - Purchasing power of Bitcoin 1.18% was heavily increased within a very short-time frame.
If BTC's value in dollar remained within it's equilibrium. (6800-6900 range) Ontology would have remained Bullish .
Therefore... If you watched my previously analysis. I always take in consideration the dollar value of BTC 1.18% .
Ontology, ONT/BTC Is Reaching an Interesting Crossroad!One of the best performing coins in the last month has to be Ontology, ONT/BTC.
After a very nice runup and some consolidation, ONT/BTC has now formed a nice channel for itself:
Currently reaching the support level at around 0.0005500. This area is also close to the bottom of the channel and happens to be near the .618 fib retracement level as well.
So as price reaches both the support level and bottom of the channel, this "crossroad" could be an interesting level to enter Ontology for another move up.
If you're looking for a short-term swing trade in Ontology, ONT/BTC, then these are the levels to look for.
Trade Instructions
Buy Area:
0.0005500 - 0.0005750
Profit Targets:
1. 0.0006458
2. 0.0006751
3. 0.0007045
4. 0.0007472
Stop Loss:
0.0005250
Leave a comment if you have any questions.
Like it, 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 buy zone after correctionONT is showing a very nice clean Elliott wave structure, correction towards 0.5 is very likely, even the golden ratio till 0.65 is a potential scenario to keep in mind.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
NEO - together with ONTOLOGY (ONT) can ROB THE BANK in the 2018
Hi again our DEAR CRYPTO FAMILY.
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Every crypto is struggling and ONT goes up instantly!
Check out our latest full (technical and fundamental) analysis of ONT. You will find link to ONTOLOGY (ONT) down below under this text.
NEO price strongly depends on ONTOLOGY project right now.
Technical analysis details:
MACD strong positive divergence
Strong DMI bull's signal
U-shaped trend likely forming
Elliot Wave Pattern (1-5;A-C) finished
New Elliot Wave Pattern has just started
300% possible earnings
Fibonacci Levels:
Target1: 0.009670
Target2: 0.011567
Target3: 0.013127
Target4: 0.014688
Target5: 0.016865
Target6: 0.019649
Stop-loss: 0.006641
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ONT/BTC Resetting for Another JumpAfter finishing an EW, ONT is due for a correction and consolidation.
It's doing that inside a falling wedge - continuation pattern.
Good Luck!
ONT: Ready to Reverse?ONT has found an upwards resistance line. TD indicator appears to be working on 4 hr timeframe - multiple 9's.
RSIs are in mid 40s range where it has reversed before in previous runs.
ONT was mostly in the red today when most other strong ALTs were green. Possibly traders moving profits over from ONT to other ALTs?
15 minute TD just showed a 2 candle closing above the 1 on increasing Bull Volume.
Gods Speed...
