Ontology Price Squeeze Inviting BuyersOntology is one of the NEO tokens, and all of them seem to be extremely undervalued at this stage. Current price action shows the price squeeze and ONT could be just about to break above the downtrend trendline.
There are two interesting facts: First is that the price has reached and cleanly rejected the 227.2% Fibonacci support, that is $1.03 - an extremely strong psychological support as well! Second is that the new Fibonacci time zone cycle has just started, meaning that the timing for the buying opportunity could not get any better.
But at the same time, to confirm trend reversal, price has to break above the downtrend trendline. When/if that occurs, price could ether start rising slowly or potentially skyrocket without much notice.
First resistance is of course near the previous high at $12, and of course $10 psychological level should be watched. Break above previous high might push as high as $100 in the medium to long term.
ONTUSD trade ideas
If this doesn't work out then what will?7x in 3 months... Have been a good fan of Ontology, but like with most coins.. attachment isn't good for your wallet... and you'll be in for a serious ride... down as well !
That peak till 0.001 btc or 11.7 usd was a perfect classical play of the rules of TA, and dito correction was going to happen as I mentioned in my older charts and when bigger players enter the market with only one thought to short the hell out of it.. though one does not believe the outcome could turn so bearish.. but eventually what goes up will go down anyway, no matter what coin.. except binance coin perhaps.. but that's why there are exceptions of-course. A more than 50% retrace and no reaction at a 61.8% looks still bearish to me. Why do I still own 1 btc ONT... :-| !
One coin that could show ONT's destiny is perhaps 'Selfkey' which did the same in not 3 months, but.. 3 days ! Check it out.. the run up was exactly the same ! Only the correction looks somewhat different.
Ontology looks on the USD chart almost bullish, but on the BTC chart still bearish... which could signify a bullrun within a week or so... but it could be a small outburst as well, if crypto's interest is still buried for a while.
Remember that trendreversals come when you're about to get desperate and willing to get out... let's still not give up hope !
ONDUSD COMMENTSDue to the trend in this pattern over the past few days this market is not a favorable one to buy coins. Using the EMA, the (200) shows there would be a continued downtrend for at least the next 2days, the (50) also shows a downtrend lasting for say just the next 2days, after which there should be an uptrend as the line would be in accordance with the bar by then, that should be a matter of the next 5days. The EMA (200) also shows there should be an uptrend in the coming days of this market
ONTUSD COMMENTSDue to the trend in this pattern over the past few days this market is not a favorable one to buy coins. Using the EMA, the (200) shows there would be a continued downtrend for at least the next 2days, the (50) also shows a downtrend lasting for say just the next 2days, after which there should be an uptrend as the line would be in accordance with the bar by then, that should be a matter of the next 5days. The EMA (200) also shows there should be an uptrend in the coming days of this market
Ontology - ONT/USDT - A Breakout of 100%+ is imminent! [Read NowImmediately turn your attention to our latest crypto alert ---> ONT/USDT | Ontology. We are bouncing hard off the heels of a +74% crypto winner (Bitcoin Diamond ) and we are turning our full focus on ONT/USDT! We loaded the boat to the gunwale with Ontology tokens and are expecting a breakout of epic proportions in the near-term! Just look at the chart! Bullish divergence has taken favor! In addition, we currently see a .786 fibonocci retracement and we're at the tail end of an elliott wave formation! Ontology is just sitting in the sweet spot with HUGE UPSIDE POTENTIAL with very limited downside risk! We highly recommend that you pick up ONT tokens on Binance Exchange before this rocket takes off for possible gains of 100% or more! ;)
ONT/USDT - Ontology - Breakout of 100%+ Imminent!Immediately turn your attention to our latest crypto alert ---> ONT/USDT | Ontology. We are bouncing off the heels of a +74% crypto winner (Bitcoin Diamond ) and we are extremely bullish on ONT/USDT at the moment! We recently loaded the boat with Ontology tokens and are expecting a breakout of epic proportions in the near-term! Just look at the chart! Bullish divergence has taken favor! In addition, we currently see a .786 fibonocci retracement! Ontology is just sitting in the sweet spot with HUGE UPSIDE POTENTIAL with very limited downside risk! We highly recommend that you pick up ONT tokens on Binance Exchange before this rocket takes off for possible gains of 100% or more! ;)
Bullish Swing Trade on ONTAccording to the TD sequential ONT should have a nice bounce coming. I have doubled down on my position on the daily red 9 looking for a correction. We are also coming up on a weekly red 9 which combining both the daily and the weekly (off by about 5 days) I would say this could be one of the top performers to come. Unfortunately BTC may limit how big of a bounce we can find, however if you see bitcoin have a slight relief from downward pressure you could see ONT outpace a lot of other cryptos in the coming days/weeks depending the outlay of the crypto market as a whole. With the main net recently being released and many free ONT coins being distributed it was expected to see the recent dump. Now I believe we will soon find a bottom. Again varying on what kind of action we see from BTC.
ONTUSD longQuick scalp trade
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the floor of the fork
See screenshot below for big picture
ONT new lower highONT is currently forming a lower high compared to the 6.70 area from last week.
It's dropping lower versus Bitcoin in this moment, it should go lower as bitcoin is expected to drop later on.
I think the buy zone is pretty large but will be rewarding anyway.
3$ psychological but it could be a bit higher obviously.
Ontology/USD trades more than 13% higher ahead of MainNet launchOntology/USD hits fresh year low of $4.11 and shown a good jump of 42% till $5.830 level ahead of Mainnet launch. The Ontology community is holding their “ Socrates MainNet pre launch” today in San-Franciso today and MainNet will go live by the end of June 2018 mostly Jun 30 th. After the release all the NEP- ONT must migrate to Ontology MainNet.
A partnership with Chain of Things (COT) will helpful in buliding platform for creation of Internet of Things hardware.
Technically,on the higher side near term trend line resistance is around $5.84 and any break above will take the pair to next level till $6.66 (200- 4H MA)/$7.04.
The near term support is around $3.89 and any break below will drag the pair to next level till $3.05.
It is good to buy on dips around $5 with SL around $3.89 for the TP of $7.05.
Ontology: Upward Climb ContinuesOntology has been on an upward trend vs. BTC since April. Its USDT chart indicates it is at the bottom of a cycle and about to retrace upwards. We prefer to stay in USDT for this trade because our current sentiment for Bitcoin is still bearish.
Exchange: Binance
Term: Medium
Invest: 5%
Buy between:
6.4 - 6.65
Sell Targets:
Target 1: 7.36
Target 2: 7.82
Target 3: 8.24
Target 4: 8.92
Stoploss: 5.9