ONTUSDT.P trade ideas
🆓Ontology/USDT Map (26/4) #ONT $ONTThe dip zone of ONT may be 1.3-1.4$ so we will try to buy ONT close to this zone for the next rally up to 2.4$ and 3$ zone in June
📈BUY
-Buy: 1.27-1.33$. SL B
-Buy: 1.37-1.43$. SL B
-Buy: 1.56-1.64$ if A. SL B
📉SELL
-Sell: 1.9-2.0$. SL A
-Sell: 2.35-2.45$. SL A
-Sell: 2.95-3.05$. SL A
♻️BACK-UP
-Sell: 1.27-1.33$ if B. SL A
-Buy: 0.97-1.03$. SL B
❓Details
🕯Timeframe : 1D
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
An example of what not to do when trading the Strat...A trade I took yesterday but was set up much different. I guess I didn't set my SL/TP so I set it right now. Needless to say, this is a trade that is not wanting to go in my direction. Full time frame continuity to the opposite side of my position
Ontology in the beginning of the 3rd wave of Elliottcypher harmonic pattern targets:
AB=0.38 XA
BC=1.41 AB
tp1=1.27 BC=$3.4
tp2=0.78 XA=1.6 BC=$7
tp3=2 BC=$16
other possible targets:
tp4=0.88 XA=$10 *check possible reversal harmonic pattern in this price zone*
tp5=1.13 XA=$23
tp6=2.24 BC=$27
tp7=2.6 BC=1.41 XA=$63
tp8=1.6 XA=$132
ONT....price increase 6 timesONT Price $2.05
Market Cap $1,658,016,760
Market Cap Dominance 0.08%
Trading Volume $1,176,003,450
Volume / Market Cap 0.7107
24h Low / 24h High $1.91 / $2.17
7d Low / 7d High $1.91 / $2.36
Market Cap Rank #76
All-Time High $10.92 -81.2%
May 03, 2018 (almost 3 years)
All-Time Low $0.232370 783.3%
Mar 13, 2020 (about 1 year)
About Ontology Coin
Ontology price today is $2.04 with a 24-hour trading volume of $1,173,659,992. ONT price is up 1.9% in the last 24 hours. It has a circulating supply of 810 Million ONT coins and a max supply of 1 Billion. Binance is the current most active market trading it.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. It provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology is a blockchain framework that supports public blockchain systems and is able to customize different public blockchains for different applications. It also supports collaboration amongst chain networks with its various protocol groups. They will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on.
Ontology was created in 2017 by a Chinese company called OnChain, which is led by founders Erik Zhang and Da Hongwei. OnChain has had huge success in the cryptocurrency industry, as they were also the founders behind the NEO blockchain, which is now a multi-billion dollar project. Essentially, Ontology was created as a way for businesses of all sizes to install blockchain technology within their company, without having to completely change all of their current systems.
The purpose of the Ontology framework is that it is not intended to operate as a single blockchain. Instead, the technology will allow businesses to make full use of both a private and public blockchain. Each and every data transaction is confirmed in a decentralized environment, meaning that no single person or authority can take control of the network.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
Trading idea for ONTUSDTONT may go up to its previous resistance levels if it stays OVER its the downtrend.
