ONT/BTCThe chinese hyped coin has been forming a massive falling wedge on the daily. It broke out the wedge and retested it perfectly which is really encouraging. On the 4hrs, the price reclaimd 100EMA which has been acting as the dynamic resistance. With BTC cooling off and most altcoins are performing well, I expect coninuation for ONT.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
ONTBTC trade ideas
ONT/BTC (Bullish Trendline Break?)ONT/BTC
-a good breakout above trendline resistance
-new immediate support is set at 530-510
-if the current price level will hold
-it is likely we will see another leg up
-this is a high potential trend reversal
-1st key sell area is at 650s
-stoploss level is placed under 500
ONT-BTC pair Trade IdeaONT-BTC broke out of Falling wedge with good volume.
There is seems to be small resistance at the breakout. Failed to cross it on first attempt previously.
RSI is Rising steadily
MACD crossed Bullish on Daily
SBS indicator is flashing BUY signal on Daily
I would wait for ONT to close above to resistance with good volume as confirmation of reversal to get it
Targets are on the Chart
SL - Previous Swing low
ONT Kumo Edge to Edge Bullish ActionPosted this chart a little later than in discord, but we've had a nice reaction from this diagonal and are now moving back up towards that 100ma after finding a nice support base at that current MA cluster.
Rest of the info outlined on the chart - would be nice to see a really clean Kumo edge to edge play out here, emulating a lot of the other Alts doing the same right now.
Would love to hear your feedback or thoughts below - always happy to discuss!
Safe trading legends :)
ONTBTC 10% upside market buy now(NEW)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-15+ years real live trading experience
-TOP Author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
ONTBTC 10% upside market buy now(NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
ONTBTC 4hour chart. Speculative XABCD setup.
10% upside from here. market BUY now.
This is BUY/HOLD setup. Hold time 2-6 days max.
I'm expecting everything to pump into BTC halving.
What happens later remains to be seen, let's focus
on one trade at a time for now.
get subbed to stay tuned for all the latest updates.
also add likes to support my efforts, thank you.
good luck traders!
Analysis on $ONT for CryptoEduLK CommunityOntology ($ONT) is a smart contract platform. Still in the very early stage of development.
Ranked #30 with a current market capitalisation of $USD 270 mn.
Technical Analysis
High correlation with $BTC movement. HTF are showing a descending triangle movement which is in continuation over a year now.Currently at ALT levels. Daily graph is showing a very strong accumulation.
ATL support - 555 sats, A dumping BTC can break this easily
Local Resistance - 618, best entry will be retest of this level as a S/R flip.
Moving under 200 MA & 21 EMA
Fundamental Analysis
Mainnet was released recently, started building NFT platform, wallet upgrades. Seeing a strong traction on new partnerships.
Token economy and Staking
Supply of 1,000 mn $ONT and $ONG, Near 63% current circulation of ONT. Recently did a buy back from the open market. There are no burning events, fixed supply.
Staking will generate ONG utility token, which is tradable and used for gas fee.
Always DYOR
ONTBTC Double Bottom| S/R Flip| Pull Back Entry Evening Traders,
Today’s technical analysis will focus on ONT/BTC, breaking a key level with conviction; an S/R flip retest is likely for a trade entry.
Points to consider,
- Resistance breached
- S/R flip for confirmation
- 200 EMA immediate resistance
- 21 MA confluence (upon S/R Flip Retest)
- RSI in overbought
- Stochastics in upper regions
- Increasing bull volume nodes
ONTBTC has broken an important level with candle closes above; price was consolidating under resistance giving a sign of increasing buy pressure. A Support/ Resistance flip is probable for a confirmation of the now support.
The 200 EMA is current resistance (candle has not closed above it), price is likely to respect it initiating a rejection. The 21 MA on the other hand is likely to be in confluence with the S/R flip retest if price retraces (it is likely to align).
The RSI is in overbought conditions, sign that the current impulse move is overextended. While the stochastics is in the upper regions, can stay trading here for a while however stored momentum to the downside.
Increasing bull volume nodes are evident, can be interpreted as a sign that buy pressure will continue to test upper regions.
Overall, in my opinion, ONTBTC has breached a key level; a retest is highly probable to confirm an S/R flip – allowing for a pullback entry.
What are your thoughts?
Please leave a like and comment,
And remember,
“Whenever I have had the patience to wait for the market to arrive at what I call a Pivotal Point before I started to trade; I have always made money in my operations.” - Jesse Livermore
ONTBTC In strong Bullish patternSpotted this Bullish Harmonic formation and believe worth looking into base on the principle of the pattern, our target is 61.8% of the leg AD.
Follow the stop loss advice on the chart.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas
Thank you.