ONTUSDT trade ideas
Go ahead🔥Hey, folks🔥
There is one more consolidation zone for today.
There is Symmetrical Triangle formation on ONT/USDT crypto pair.
The price had bullish sentiment before consolidation.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
ONTUSDT Navigating through bear market pricesBINANCE:ONTUSDT
As other coins provide profits it is always inteligent to cash out some and reinvest others.
On that second point, i came across ONTUSDT. I find pretty interesting that an active project has fallen behind in terms of market cap and when looking at its prices (both USDT and BTC pairs) It is one of the fews that hasn't top ATH and recently broke out from it's bottom consolidation.
I find it pretty attractive to buy small quantities on each pullback to the previous supply zones as we navigate through them, as long as tha uptrend continues in high timeframes.
Ofcourse this is not financial advise, I just use this to clear my thoughts... It is great when it seems you have find yourself a good hedge, but, with the high risk associated to this markets... positions must be in line so the portfolio doesn't break down (We are trading not betting! xD)
Stay humble enjoy the journey!
Ontology is a $16 cyphercypher harmonic pattern:
B=0.38 A
C=1.41 B
tp1=1.27 C=$3.33
tp2=0.78 A=$7
tp3=2 C=$16
BULLISH IDEA FOR ONTNot an investment advice but I am bullish on ONT. Did only 3x so far while others 10x plus.. I think ONT has more potential to have another rally than many others.
ONT will be $8 + at the end of 2021Keep this on your wall. Some of you remember me from 16 August 2020, Ltc .I sold all mt ltc and bought ONT with the average fee 1,87. Good luck see you at the end of 2021
ONTUSDTFailure of an important weekly level.
If you give the trigger line in 4 hour time frame
Suitable for long term
Ontology// Ascending ChannelGiven price can continue to reject the trend line, and also break a smaller TL within the channel, this is the path I expect to be taken.
Wont give a detailed analysis or steps for the next few posts as I have a regular audience.
Thanks for the support.
Spot - Future /Long - ONT\USDT ONT-USDT
Future LONG or spot
X20-X25
Target 1 : $2.5
Target 2 : $4.4
Target 3 : Will update soon
Target 4 : Will update soon
Chart : Ascending Chanel.
SL - no SL
