ONTPERP trade ideas
ONTUSD / Daily / Technical ChartONTUSD / Daily / Technical Chart
After it break and close above the resistance line, it will move to Resistance zone
I show the last volume also on the chart
check it
There she goes...again.$ONT is a fun one...when it rips it does so with gusto.
Wish I was in a position since watching it at the $0.50 level.
$ONT Ready for a Breakout - againBINANCE:ONTUSD is behaving nicely in the ascending triangle pattern.
I have no position...watching to see if S/R flips...or another touch at the bottom of the triangle.
If BINANCE:ONTUSD does not break through here I will place a buy order at the bottom of the triangle (black line around the $1 level).
ONT/USD - 4 Hour - Wave 4 Triangle - Potential +55%ONT is forming a sub wave 4 triangle of the primary wave 3.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Ontology a good 6x from here looks damn impulsive considering the price dynamics i think that wave (iii) of (iii) of the larger degree is developing, invalidation of this chart would be a break below current support marked in green around 0.70 USD
Ontology's Final Push up for 2019Heavy resistance found around the daily 200 EMA and 78.6 Fib region. Take your profits in 2019 when you can, we still have a lot of room to fall lower before the next bull run.
ONTUSD 70% profit opportunityPattern: Upside cross of the 1W Channel Down and 1W resistance zone of the previous Low.
Signal: Bullish.
Target: 1.56000.
ONT - Room to moveLooks of bullish signals on ONT. MACD , 5/12 EMA cross, RSI touching 70, OBV rising. We closed over the 50-day EMA, bumping against resistance at the 100 EMA. We move past that and there isn't any meaningful resistance until we hit the 200 day EMA, currently around 1.58, so serious growth potential on that move. If we reject from resistance, we may see a little bit of a pullback or retrace before heading north again, could make for a better entry price.
Worth watching.
Set up invalid if we close below .65
ONT future longIf ont does this, then this. I don't care how far it runs right now I want to catch a possible bottom entry for wave 5. Either that or it just completed a bearish ABC correction. Proven right and wrong on both scenarios will be obvious so safe long possibility. updated thread in comments
ONTUSD - Chinese Center for Information and Industry Development**Please smash a like and follow on my publications. Much appreciated as it takes a lot of work to keep pushing new content**
CCID as of Dec 2018 rankings:
#1 EOS
#2 Ethereum
#3 GXChain
#4 Komodo
#5 Ontology
#9 NEO
#13 Stellar
#18 Bitcoin
#19 Ripple
Kelly Cromley, Cointrust article, December 25th, 2018
"The Chinese Center for the Development of the Information Industry (CCID) issued the seventh edition of the cryptocurrency and blockchain ratings. It is a division of the Ministry of Industry and IT. It was launched in May and initially included 28 crypto projects. Since its inception, however, five cryptocurrencies have been added to the list. This accounts for 33 crypto projects. The ranking of the cryptographic projects was based on their fundamental technology, applicability, creativity and overall rating."
My thoughts:
Given the negative stance from China on cryptocurrencies it is interesting to view their rankings on public blockchains in this space. Their rankings should be very closely monitored as China and Asia will have tremendous value and clout on the development of this technology. The Chinese government is not interested in "store of value" proposition like BTC necessarily. They are interested in blockchain tech that can help power the 3rd industrial revolution since they nearly missed the 2nd. This set China back decades until the last 20 years they have been able to adapt and grow. Asia in general understands the future is internet of things i.e. all things being connected to the internet. The Chinese Gov't are especially interested in its use to expand government monitoring and their socialist agenda. Outside of a political agenda they also see themselves becoming a global leader of blockchain technology that will empower their next hyperwave technological growth and increase China GDP and exports of this technology.
Also keep in mind that many of the top Chinese companies operate as quasi-sovereign entities. Meaning the actual government owns a controlling interest in the company. In Chinese economics this is viewed as providing support, strength and longevity. Western economics disagree and believe markets/companies should only be supported by what the market decides. Although this is highly debatable (look at QE I, II, III). Either way it's inevitable that China will provide a great deal of financial backing to several promising native blockchain projects and you'll more than likely see this reflected in prices.
I would encourage you all to keep a close eye on Ontology and NEO in 2019.
Ontology from a technical pattern (Bull Pennant) has the potential to have a large upside move to $1 and has shown strength vs. Bitcoin.
2019 could be the year where the Chinese start to influence the markets to propel their native projects like NEO and ONT with big government support. If not this year I expect news coming by 2020. You'll then finally see these projects start to decouple from Bitcoin which is highly needed for diversity of success of this industry.
Best Regards,
Bobby
-Don't hate the hair, hate the game
