Super Bullish for ONT!Been watching this one over the past couple of days, and it looks like we are setting up nicely. 20 hour MA trending above the 50, RSI is trending up, we've made higher lows and looks as though we're forming an Ascending Triangle. This is one of my favorite setups, as we can set buy orders for when we break out of the top of this pattern. This would have worked well when we previously broke out of the Ascending Triangle on the 27th. Fundamentally this coin is solid, look into it if you're not familiar yet.
Targets are: 0.00048, and scale out some profits on the way up. Bitcoin is in a bear market so no time to be greedy.
Ontology
Ontology - Potential Buying OpportunityGood afternoon, guys. I hope you're having a good weekend. I just wanted to highlight a potential buying opportunity for Ontology (ONT) in the short term. Not only is the RSI reaching the lower end of the scale, but the current price on the hourly chart is nearing a previous support level. This may prove to be a decent setup for a short term bounce.
I want to caution you though, please take a look at the daily chart as well. ONT is still in a correction from its all time highs, so this may NOT be the end of the decline in price, just an opportunity to jump in for a small bounce off of the lower levels.
ONTOLOGY [ONT] IS UP 25% IN LAST 7-DAYS /ONT/BTC, 120, BINANCE Trends & channels are marked and clearly visible.
EntryPrice = .00016717 sats
Target #1 = .00019200 sats
Target #2 = .00021000 sats
Target #3 = .00025500 sats
Stop Loss: = .00016900 sats
RSI: 62.45
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Ontology's first month of trading with no token sale of any kindONT is a huge project and are so confident in what they are doing that they decided to give away all the tokens. The first ever 24hrs of trading volume exceeded 150 million USD. All the talk on reddit people were saying 20cents. I think $3 is a good target for some time this year. But in the sort term I am seeing something like this 200k target.