ONTBTC trade ideas
#Ontology Good Areas To BuyEntry : 0.0000721 - 0.0000689 - 0.0000637
Target 1 : 0.0000803
Target 2 : 0.0000883
Target 3 : 0.0001011
Target 4 : 0.0001189
Target 5 : 0.0001386
Stop loss : 0.0000604
Risk/Reward : 10%/113%
Do not hurry to buy, the price may go down to good places
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ONT/BTC Bullish Trade Idea.Hi everyone,
Today I'm sharing with you my ONT/BTC idea.
The setup is very nice, but altcoins are kinda risky at the moment.
(BTC Dominance is high.).
ONT is testing an old support zone, and the price bounced violently(fibo 88.6) there last time, I'm expecting the same reaction again.
My Prometheus indicator is telling me that momentum is rising, and a bullish cycle might come soon. (Aka The market is seeing this support.)
Entry ~ 690 -710 = Support zone
TP 1 ~ 965 = POC/probably a lot of buyers trapped
TP 2 ~ 1645 = Huge Resistance there/buyer trapped
SL ~ 623 = below support zone
Of course, as usual, BTC can ruins the party, so be careful
Happy holidays everyone!
ONTBTCLooking at ONT on the daily
We have bullish divergence in W%R
Histogram is showing us a bullish divergence
OBV is healthy and showing us a bullish divergence
Price is trading at the POC (Point Of Control)
Price is in location sitting on the .786 level
Bulls need to step in on volume and essentially all I need now is a nice "W" in price and im in.
So in a nut shell, all indicators are looking bullish on ONTBTC and all I need now is structure in price ("W") and I will trade the break out.
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