ONT/USDT Update: 150% bagged. Last resistance already testedWe look at ONT since Feb 2021 where we started this parabolic recovery.
150% is already reached and we did bag some partial profit.
The last resistance arounf 2.6$ was now tested and we did fail to break it the first time which is not unusual at all.
The more often we test this reistance line the more likely it becomes that we can break it.
After this resistance we aim for a new ATH >6$.
Take a look at the volume increase, it is just beautiful.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ONTUSDT trade ideas
ONT: First Cycle Top $21 / Blow-Off Cycle-End PT $74Based on the ONT/BTC pair of ONT, this chart could get parabolic in terms of USDT - check out my chart here on the ONT/BTC pair:
ONT on the BTC pairing just broke multi-year accumulation on March 22nd and now it begins a parabolic move higher. Price targets on chart.
Not financial advice.
ONT: Surpassing Multi-Year Accumulation PT: $8, $10, $13ONT is currently breaking out of a multi-year accumulation phase and has confirmed support at $2.40-$2.50 area as weekly body closed at $2.69 ... we're now just trending a bit before the parabolic blast off stage back to ATHs of $10+ ... then it can find new price discovery and head much higher.... early stages and great time to buy here :)
ONT Beginning a small recovery.... look at my wee green candle..ONTOLOGY just got the teeth pulled out of its recent rally, it went down as much as 10% - Dare I say... Bargain pricing... 10% off ONT sale.
I think we have a chance at a little recovery to the next FIB at 1.618. When the sharks have just bloodied the waters, dare we dip back in? WE DARE.....!
ONT about to pop off!$ONT is looking like it is gearing up for a big breakout. It has been consolidating for the past couple of years and has finally cracked the pervious resistance.
It does however look like over the immediate future it might have a slight pullback to see if the previous resistance line is now support. This is primarily because we are trading at the upper end of the trend line and it is unlikely (but not impossible) for ONT to breakout in parabolic fashion. If it bounces off this line that is a great indication that we are about to achieve liftoff. Personally, I am hoping this will happen as it will only give ONT a more stable launchpad for the next upward move.
Other bullish indicators include:
1. The absolutely massive volume increases over all of 2021.
2. The RSI showing that the momentum is moving in a upwards direction
3. The MACD line floating well above the signal line
4. The total lack of resistance over $2.50 and under $8.00
Because of point #4 I am setting my price target to the previous ATH of ~$8.00
Stop will be at the previous level of support/resistance of $1.44 - $1.60
Have fun! Like, comment, and follow!
Not financial advice
ONT/USDTONT/USDT
Buy:2.30 to 2.45
Tp1 =3
Tp2=3.6
Tp3=4.1
TP4=4.5
TP5=5
hloding time =end this month
Stop loss 1.90
levarge 5x to 10x
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