ONTBTC trade ideas
ONT: UPDATEHi everyone,
Update on ONT. We've entered the trade at the green box posted up last week. Its still a tad early in my opinion. Better confirmation would be seeing this daily candle close as a bullish spinning top or hammer for a reversal, which looks like it may be doing right now. I would also like to see some upticking on the MACD histogram followed by a nice golden cross. Take what you can get!
ONT: Oversold on the daily. Reversal soon? Hello hello! Alt season again? ONT has broken into oversold on the daily chart. In its current spot, it's find a bit of support with confluence, and is showing a "9" on the TD sequential. I'm not entirely convinced yet, especially if BTC takes another dip. If we don't reverse here, I'll be looking at the green box for a reversal. Could provide some very nice returns if it gets its momentum back!
ONTBTC UPDATE 7/7 EVE 4H/1DStarting to see some bullish signs, need to see it break the .382 to confirm bullish trend.
ONT - Free SignalYellow = Buy Zone
Green = Sell Targets
Red = Stop Loss
To play this trade from a safer standpoint you may want to wait for a bull cross on the stochastic or TRIX.
Respect my Cocoline ONT!Helly everybody,
Just an update on ONT. As you can see ONT dropped a lot since my recent post. We arrived at the 0.5 fib line. Either we move upwards for a slight correction or ONT will fall massively towards 5500 sat levels. The last option would be nice, because I kinda missed out on the first run, dammit.
But as we all know, what goes up must come down and nothing stays up forever right;) My buy-zone would be even lower, but hey, I have coco balls of patience:) Hope you as well.
Peace & Love
ONT under pressure ?It's most likely to hit 5173 ( more or less )
If not .. It must breakout the green lines to confirm new ATHs
Red lines are supports
Some scenarios on the chart
Good luck
ONTBTC short term Long pullback to EMA
ONTBTC
A bit weak Bullish Divergence on MACD-H (a bit more then 50% )
Strong Bullish Divergence EFI
RSI touched oversold zone
Then there is a false breakout, the new low has formed for now.
I expect it to go up to the slow EMA
Entry 0.0007330
Target 0.0007478
Stop Loss 0.0007250
R/R ratio: 1:2
How I got my entry at 0.0007320 :
Ontology: Short Term Sell OpportunityPrice in ONT/BTC is being traded below a key structure resistance level. The 61.8% fib retracement in addition to the downtrend (trendline) add to the resistance level giving us more confidence selling the coin.
ONT good opportunity to buy
ONT/BTC is once again testing the Low Trend Line channel and is approaching the support of 7240 sats, a point type for purchase. If this support is not respected, we have another below in 6800 sats.
- RSI is entering the oversold zone.
- Stochastic Oscilator is indicating oversold, which indicates that soon we will have a jump in price.
Ps: Remember. Your trades, your risks, your responsibility.
Gratitude and good trade
ONTOLOGY(ONT) WAITING FOR A BREAKOUTOUTLOOK: BULLISH BIAS
Ontology is currently top 22 in coinmarketcap and top 15 in the past 24hr volume.
>7520 sats has been holding the price and tested multiple times in 4hr time frame and twice in daily.
>ONT is very attractive since it didn't pump that much since the price up tick in BTC un like other top 30 tokens & coins
>Same with MANA that pumped behind from top alt coins.
>In 1hr, 4hr & 1D time frames, all indicators are showing exhaustion from sellers and price might go up any time soon.
>A candle close above 7800 sats, above the EMA7 & upper trend line will confirm a bullish breakout
>Candle close below 7480 sats will push the price down to 7200 which is most probably the bottom
>RSI, Stoch RSI, BB%B & MACD is showing a good consolidation at the bottom waiting for a breakout.
>RSI is currently flat despite of a trending down of the price which could be a sign of a reversal.
>Waiting for a candle close for a confirmation.
>30% up is very probable
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
ONT Retests Bottom of Channel, Descending Triangle FormingONT has reached the bottom of the channel it has more or less remained in since early May. Daily RSI is in the mid 30's, which is a very weak area, with a bearish divergence. Price action has also fallen below the daily Ichimoku Cloud and is forming a bear triangle. The 4 HR chart looks more appetizing, with Stochastic RSI reaching oversold levels. There may be a quick play to be made here, however, I will not be entering this trade. If you decide to take a position, I would recommend buying near market value, with a stop-loss no lower than 0.00071.
ONT Daily Timeframe Update 7/4 Still haven't changed my targets,I'm thinking this is a extended/complicated wave 3/4... wave 5 won't be amazing, but the next wave set could be wave "3" (this being the 1/2) and we may see some excellent gains in the coming months to year end.
I'll watch and wait for now.
ONTRequest 5
1D bearish indicators - expect a drop to ~7156 sats before bouncing if support doesn't hold
That will give a nice Bollinger Band pinch
4H RSI starting to pop - Bollinger Band is bearish I can see us hitting ~7700 but not sold on it -
We need to break the trendline which is going to be tuff given the indicators
45M alot of pressure at support - indicators are bearish watching to see if support holds
If not we are going down to ~7156 sats
ONTBTC LONG GARTLEY PATTERNThe trend based fib extension on the first bullish gartley(purple, ~june 1st till ~june 24) gave us the 50% extension/retracement on june 25/26 and the start of a smaller second bullish gartley (red, ~24 june till ~3 july). Things are looking good for a breakout on the bearish channel that started around ~june 6.
First primary targets are the 61% on the trend based fib from the second gartley that coincides with the 50% on the trend based fib from the first gartley, around 9k sats.
Second primary target is the 168% on the trend based fib from the second gartley that coincides with the 100% on the trend based fib from the first gartley, around 11k sats.
Depending on your entry, first target is 10 - 15%+ and second target is 40 - 50%+.
Resistance targets could be 9k and 10k sats.
Tight stoploss would be around 7.4k sats, just under low of july 3rd.
Wider stoploss would be around 6.8k sats, just under low of june 24.
Upon reaching profit targets, I expect us to form a bearish gartley (green) and from there on probably retrace atleast 50%.
