Ontology (ONT/BTC) bullish scenario After the last ABC correction ended we are seeing some short-term trend reversal. This is a bullish scenario as I think that the correction in which the price of Ontology is since 02.05.2018 is going to be a sideways WXYXZ correction, and I've projected the future price pathway that shows the end of wave Z would be on the channels support line, which means that an impulse wave is going to break out from the upside.
ONTBTC trade ideas
ONT short tradeONT is currently a good short.
it is at horizontal resistance
it has a bearish divergence on the 1hr SRSI
RSI is nearing overbought region
it is currently in an ascending wedge, which is a weak pattern but tends to break down
It is in the OTE entry zone for shorting
It has a larger bearish divergence on the 4hr SRSI
4hr is on 8 count for Tom Demark Sequential
The daily chart is bullish but pullback is needed, target is .0008-.00084
ONTOLOGY: MICROSOFT AWARD & UPCOMING MAINNET - PROFIT = 22.05% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of June 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 22.05% 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 -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA 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.
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 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% 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 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 -0.06% 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).
(NEW) June 25: Onchain wins the Microsoft Accelerator Shanghai Graduation Award.
(FUTURE) June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
Ontology, time to retrace! Patience is the key.Dear traders, hodlers and perhaps and hopefully future followers.
Here is my first outlook on the chart of ONT. On the daily we can see a red cloud forming. ONT already had a pullback like any other ALT due to BTC. But I think we still have a bit more to go. In the chart you will see were I will pick up a nice bag of ONT and hold it for the future.
Macd is bearish and RSI is oversold.
Trade safely, the market is crazy now.
Leave a like if you like;)
Does this brighten your day? ONTBTCHello guys.
The massive sell off with ONT happen. What a big run ONT had, so I am sure a correction is healthy.
Anyhow, looking at the chart. The sell-off formed a beak of a drawn in bird that looks like its about to take off a lake or something..
Keep an eye on ONT here for a swing if BTC bounces of 5800.
Peace
ONT - Possible daily bottom reached?Take a look at ONT daily chart,
Nice support has been reached at fib 0.382 and out of bollinger.
It could reversal right here.
I will place my buy order at current price of 82.5k.
You’re more than welcome to follow me for more Analysis
***Do not consider it as a trade advice.
ONT Mechanical Long EntryA mechanical LONG entry for ONTBTC
Based on a previous impulsive wave up a fib is drawn, the ignition level to start looking for entry is the 0.5 fib and then looking for a retracement to the 0.25 level, profit taking is the 1.0 level with a stop loss also indicated on the chart.
Given that BTC is king and the current market conditions it probably worth laddering in entries down to 8800 sats
Have your cake and eat it too!ONT - An abbreviation for zero fuks given! When it comes to BTC's menstrual period, months have passed and Ontology has respected trend, regardless of the turmoil experienced by alt, alts. Entry from trend line in previous wedge presented a yield of 30% when taken from 61.8 fib. An easy, extra 8% up for grabs for icing on the cake.
ONTOLOGY: VBFT 5000 TPS & CONTENTOS COLLAB - PROFIT = 14.16% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 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 14.16% 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. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols.
May 3: Ontology announces a strategic partnership with NAGA 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 million CNY.
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 a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 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 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.
(NEW) June 10: Ontology announces token swap in conjunction with mainnet launch.
(NEW) 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. The platform will combine Ontology’s chain network model with CarBlock’s intelligent hardware and IoT solutions to efficiently and fairly circulate vehicle data within the ecosystem. CarBlock will use data to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.
(NEW) 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.
(NEW) June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content Both parties will work on building a new global decentralized digital content ecosystem, combining distributed infrastructure with video applications and people.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
ONT/BTC entry/stop loose/ exit points (Long Position)ONT/BTC looking for break out from Wedge patern, Maineet incoming at the end of month shoud suport price rise as daily news related whit ONT project giving more odds for continuation of long term up trend. Ichimoku on 4H start squiz chanel whit bouths span lines in stright lines indicate 4H trend reversal. Also 4 wave start forming as rebound from trend line we can expect fake suport break out around 90k sat that will be another strong signal for trend continuation. My entry points will be 96k sat just a bit above first Ichimoku resistence break out, exit points will be continuation of 3rd long wave whit Fibonaci extension point at 132k sat and Stop Loose around 87k sat at prevoius consolidation line before long wave 1 ocure. Im sory for grama mistake
Ontology Critical PointOntology wants to find its way into an uptrend here. It appears to be in a small symmetrical triangle, where we hope that it breaks to the upside. It is sitting on top of the 20 day moving average within the bollinger band as support. It is sitting just atop a 50 RSI currently, which should hopefully act as support. It is on the brink of breaking out of its recent downtrend. It will need to break resistance around 9693 sats. The boss method on the 77 minute chart is currently a buy, and the 343 minute charts is trying to develop into a buy.
Please let me know if you agree/disagree.
Thank you!