ONTBTC ONT ONTOLOGY FALLING WEDGE PATTERN WITH BULLISH RSIDONT FORGET TO LIKE & SHARE THIS ANALYSIS
EXCHANGE: BINANCE
CHART DURATION: 4HR/1D
CURRENT PRICE: 2490
ENTRY PRICE : 2400-2500
TARGETS : 2750-2950-3200
STOP LOSS :2280
TECHNICAL ANALYSIS MAIN SUPPORT 2513
1. RSI 35
2. MFI 38
3. MACD OVERSOLD
4. STOCH GOOD
5. CYCLIC INDICATOR - GREEN STARTED IN 4H
6. TD SEQUENTIAL ABOUT TO COMPLETE CURRENTLY AT 7, 2 TO GO
7. EXPECTING PIVOT RESERVAL POINT TOO
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News
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ONTBTC trade ideas
ONT cycle wave countI'm mainly doing this so I can assume a wave count in the usdt pairing chart. (There's not a lot of price data to go by so I'm analyzing the btc pair.) Usdt pair reeks of accumulation so lets see how this goes.
stop loss just in case bitcoin blows this chart up
ont wyckoff accumulation pic in comments
ONT/BTC BTFD IdeaSupport has shown to be relatively strong here. Looking to take advantage of a strong bounce from this zone. Sells are spread across targets as outlined on the chart (this is just my personal preference in scaling out of this type of trade). RSI is oversold, and volume is showing the slightest uptrend over the last few days albeit primarily sell volume.
My thorough analysis of ONT (Ontology) - Levels to watchLately with the market still in the accumulation phase I've been employing a general strategy which is best explained within the chart itself. I'm extremely bullish on ONT long-term, though I suspect and kinda hope that it will come down at least close to the area I labelled as "optimal accumulation zone" before making it's way up to the cloned fib retracement. Just areas to watch as a guide for anyone to help decide whether to be bullish or bearish at any point.
Bullish Divergence on (ONT) Ontology Could be nothing, could be something, either way its probably a good time to start setting some alerts for Dash.
We have some class A bullish divergence on the RSI & Macd . Also volume is in the same area it was before the last pop up of around 100%
This is no guarantee we are going top the moon but definitely noteworthy
bullish divergence -
- "Class A bullish divergences occur when prices reach a new low but an oscillator reaches a higher bottom than it reached during its previous decline. Class A bullish divergences are often the best signals of an impending sharp rally".
Fundamentals seem strong.
I hold no position in ONT -0.65% but may take advantage of their next big run when it comes.
ONT -0.65% is ranked 28
Price has been as high as 0.00115634 satsoshis and $8.87
Possible bottom 0.0001783
I will start to get more excited when the 50-100-200 day moving averages get under the price on the daily.
Great luck and please like the post if you found this insightful! Please share ideas if you see holes in my TA, it will help me and the people reading this. Thanks!
I'm no pro and I will make mistakes so its always great to get 2nd and 3rd opinions after mine.
Joey Rocket
ONT finishing correction after 150% moveONT is another strong player which saw a great buy side volume on its first wave up. Now it is completing ABC pattern correction to the 0.618 fib level. A break of the yellow trendline would increase the probability of the next bull impulse but a buy order now allows for a better risk/reward ratio.