A trading opportunity to buy in ONTBTCTechnical analysis:
. ONT/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0003200 to 0.0002200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0003200)
Ending of entry zone (0.0002200)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0004100
TP2= @ 0.0004500
TP3= @ 0.0005000
TP4= @ 0.0005530
TP5= @ 0.0006700
TP6= @ 0.0007840
TP7= @ 0.0009490
TP8= @ 0.0011590
TP9= Free
ONTBTC trade ideas
Potential longer term gainsPossible Longer term 37% as seen in the chart if a break in resistance occurs.
Height of the Bull Pennant pole aligns with 38.6 fib retracement after downtrend. Interesting.
Not an extremely valid trend line just yet, so I may look to enter if it bounces off again or breaks coming resistance in the next day or so.
Ontology MainNet launch event in Tokyo1-On the eve of the Ontology MainNet launch event in Tokyo on August 25th, Ontology will be hosting a closed event in which 50+ corporates in Japan will gather to learn about how Ontology’s public chain infrastructure can help their respective industries.
2- Socrates Q3 2018 Due by September 30, 2018
3- i love Ontology :)
ONT on the moveBullish case for ONT:
- Nice response from high volume node at 1753 satoshi
- Now consolidating at daily order block
- RSI above 46 which gave good bounces during the March to May bull run
Buy 0.0003120 - 0.0003230 (Use stop loss)
Take profit:
TP1: 0.0004257
TP2: 0.0005459
TP3: 0.0007876
Rebuy on retest/consolidation above indicated order blocks (gray area’s)
ONT wave structure and fib projectionsEW combined with Fib projections gives us some ballpark targets if ONTOLOGY chooses to continue to run. stop loss at your own risk, I aint your dad fool.
notice wave 2 is a flat style corrective wave, and wave 4 is a sharp style corrective wave. this appears to be happening again, if your a REAL bad motherfucker, you can fade wave 4 for an additional 1,440 satoshies (~40% additional ROI)
be safe chart killers,
SK
ONTOLOGY: HEALTHCARE PARTNERSHIP & DID ADDITION - PROFIT=98.84%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 98.84% PROFIT!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT 37.84% 37.84% -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA -0.88% with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 mill CNY -0.14% -0.70% .
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT 1.60% -1.90% a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 0.00% 0.00% 0.00% technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT 0.00% 0.00% and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
June 10: Ontology announces token swap in conjunction with mainnet launch.
June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. CarBlock will use data to tap into the one trillion US dollar -0.50% -0.48% -0.06% automobile market and create a brand new smart transport ecosystem.
June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content, building a new global decentralized digital content ecosystem (distributed infrastructure with video applications and people).
June 25: Onchain wins the Microsoft 0.78% -0.06% Accelerator Shanghai Graduation Award.
June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
July 11: Ontology Enters Gaming Industry with Partnership with Cocos. Cocos has 1.1 million registered developers around the globe and 300,000 monthly active developers across 200 countries and regions. Games developed on the Cocos engine cover all game types on the market, which accounts for 30% of global market shares and 45% of Chinese market shares.
July 12: Ontology Adds IdentityMind Global to its Partner’s List to Perform Know Your Customer.
July 17: Ontology announces its cooperation with CertiK, a well-known American formal verification company. Both parties will work together in formal verification and enhance the security and reliability of smart contract and blockchain systems.
]July 27: Binance completes Ontology mainnet swap.
July 31: CoinMex lists Ontology.
August 2: Ontology, formally announces their strategic cooperation with Adrealm, an open ecosystem network for digital advertising.
August 9: OWallet, Ontology’s official desktop wallet, has been officially released, including Ledger support.
August 15: Spuul, Movie Platform with 60 Million Users plans to build new dApp Spokkz on Ontology
(NEW) August 21: Ontology Cooperation with Healthcare Public Chain ALLIVE to Create Smart Healthcare Ecosystem.
(NEW) August 22: Ontology uses Cryptography Experts NCC Group to Review its Blockchain Infrastructure.
(NEW) August 22: Ontology Decentralized Identifier (DID) Formally Added to the W3C-CCG DID Method Registry
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
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