ONT 1D Levels to which correction is possible after strong fallWelcome to our first Ontology idea
Over the past month, buyers have been diligently driving the ONTUSDT price up and the result is +200%.
But after maximum, in just 3 days, the ONTUSD price fell by -50%
Of course, the main trigger was the 20% drop in BTC, which we warned about in our idea.
But such a sharp drop in the ONT price probably indicates that the coin has been successfully sold wherever wanted.
Most likely, the main sales of ONTUSDT were in the area of $1.22-1.40
The return of the price to this zone in the near future will be the most optimistic forecast for the ONTUSD pair.
After that, one should expect a fall in the value of ONTUSDT into a strong liquid zone of $0.55-0.65
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ONTUSDTPERP
✳️Ontology/USDT Analysis (7/1) #ONT $ONTONT is under selling pressure at 0.6$ zone, which is an important resistance zone because if ONT breaks through this zone, ONT will rise sharply to 0.8$ and 1.1$ by the end of January.
If ONT continues to fail at this 0.6$ zone, it will fall as hard as it did in December.
📅NEWS
No News
📈BUY
-Buy: 0.57-0.6$ if A. SL if B
📉SELL
-Sell: 0.8-0.84$. SL if A
-Sell: 1.05-1.1$. SL if A
♻️BACK-UP
-Sell: 0.57-0.6$ if B. SL if A
-Buy: 0.38-0.4$. SL if B
-Sell: 0.38-0.4$ if B. SL if A
-Buy: 0.3-0.32$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ONTUSDTPERP, A good Sell trade approaching!The price approaching the Support/Resistance Zone.
It can be a good sell signal if it will break the zone and fix below.
Keep an eye on it and be ready!
The potential profit will be in 3...5 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!