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ONGUSDT Perpetual Contract

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ONGUSDT.P trade ideas

Breakout Imminent? ONG Bulls Challenge Key Resistance for a Big Ontology Gas (ONG) has been consolidating since July 2024, fluctuating within a range between the support zone in Green$0.2418 - $0.2512 and the resistance level at $0.3500. This prolonged period of sideways movement suggests a lack of decisive momentum from either the bulls or the bears, as the price has bounced between support and resistance within this range. The sideways action has been mostly uneventful until September when a clear shift in momentum became apparent. Since early September, ONG has begun to show signs of a bullish trend, consistently making higher lows and higher highs. This suggests that buying interest has been increasing, and market sentiment is shifting in favor of the bulls. However, despite this uptrend, the token has faced significant resistance at the $0.3300 level. Multiple attempts to break above this resistance have been unsuccessful, with the price falling back each time it approaches or slightly breaches this zone. Currently, ONG is trading below its 200-day Exponential Moving Average (EMA), a critical indicator for gauging long-term trend strength. The EMA 200 is sitting just above the $0.3300 resistance, which strengthens the importance of this level as a significant barrier for price progression. While the overall setup appears bullish, with a strong uptrend in place, the inability to break and hold above the $0.3300 resistance creates a key challenge for further bullish continuation.
Long
by TheCryptoCity
SasanSeifi|Is a Breakout Looming? Watch the 0.35 Resistance!Hey there, ✌ In the daily timeframe, as you can see, the price has entered a consolidation phase between 0.25 and 0.35 cents after a downward trend, maintaining the 0.25 cent level for nearly five months. Currently, the price is trading around the descending trend line at 0.31 cents. If we see demand and a breakout above the significant resistance level of 0.35 cents, and it holds, we can expect the price to rise towards the target of 0.40 to 0.42 cents. To understand the continuation of the trend, we should monitor how the price reacts at the first target. We may observe a pullback and then a renewed rise towards the supply area of the second target at 0.47 to 0.50 cents. The crucial support level remains at 0.25 cents. If the price does not behave as expected and breaks below 0.25 cents, the likelihood of further correction will increase. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
LONG #ONGUSDT 1h TF. Globally, the instrument is in an upward movement structure, more locally we observe after a strong impulse growth of several days of sideways movement, the price formed an excellent level for the continuation of longs with two smooth touches at $ 0.33190, the breakdown of which I will consider, we have a gradual compression, trading volumes have fallen noticeably, I expect to see an impulse in the breakdown of the marked level, after which consolidation prices and further growth to potential (Take Profit) at $0.38500
Long
by CScalp_EN
Strategic Buy Opportunity in Ontology Gas (ONG)Description: Unlock the potential of Ontology Gas (ONG) with a strategic buy trade informed by essential fundamental insights. This guide equips you with key knowledge to navigate the dynamic world of cryptocurrency trading on TradingView. Fundamentals Overview: 1. **Utility and Demand**: ONG serves as the utility token within the Ontology ecosystem, used for staking, governance, and transaction fees. As the adoption of the Ontology blockchain increases, the demand for ONG may rise, potentially driving up its value. 2. **Ecosystem Growth**: Monitor developments within the Ontology network, including partnerships, dApp launches, and integrations with other blockchain platforms. Positive growth and adoption can enhance the value proposition of ONG. 3. **Market Sentiment**: Cryptocurrency markets are highly sensitive to news and market sentiment. Keep track of broader market trends, regulatory news, and investor sentiment towards blockchain technology, which can all influence ONG's price movements. 4. **Supply Dynamics**: Understand the supply mechanisms of ONG, including its issuance rate and any potential changes in its tokenomics. A limited or decreasing supply can contribute to price appreciation if demand remains strong. Disclaimer: Trading cryptocurrencies, including Ontology Gas (ONG), involves substantial risk and may not be suitable for all investors. The volatile nature of cryptocurrency markets can lead to significant price fluctuations and potential losses. It is crucial to carefully consider your investment objectives, risk tolerance, and financial situation before entering the market. Past performance is not a guarantee of future results. Seek advice from a financial professional if you are uncertain about your investment strategy. --- Use this guide to refine your trading approach for ONG, ensuring that your decisions are informed by a solid understanding of the underlying fundamentals. Stay ahead with real-time market updates and make well-considered buy trades in this innovative cryptocurrency.
Long
by MoonTradingForecast
Ontology — Bullish MACD Crossover, 18% Potential (Once It BreaksONG flashed a bullish MACD crossover signal on the daily chart. The signal is usually considered to be reliable on higher timeframes. Moreover, the signal flashed at almost exactly the same price level it did a month ago. At that time, ONG rallied almost 30% before reversing. However, currently, ONG trades below its crucial resistance of 0.30. Although the token has been trying for a couple of days, it hasn't broken through the resistance yet. Therefore, it is essential to wait for ONG to pump above 0.30 and confirm it BEFORE entering a trade. Once broken and confirmed, the profit target is 0.36, resulting in ~18% gains. The stop loss should be placed tightly below 0.30.
Long
by ben_walther
ONG looks bullishONG structure still looks bullish on larger time frames. ONG is near a strong support area. A trigger line is formed, and the price is expected to leave this trigger line by hitting the support range By maintaining the demand, it can move towards the targets. Closing a 4-hour candle below the invalidation level will invalidate the analysis invalidation level: 0.3258 Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
📊#ONG may go down according to the smiley face structure📉🧠There is an expectation of a pullback after we reach the target area at the daily level, and there is an opportunity to build a smiley bearish structure near the target area, and the price breaks below the uptrend support line. So there's a good chance we're going to go down from here.📉 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
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