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Ontology / TetherUS

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ONTUSDT trade ideas

ONTUSDT trading ideaOntusdt in strong downtrend channel formation, as we all know price moves from bottom of the channel to the top. Looking closely on the price, it got rejected from the bottom zone of the channel and at same time our oscillation indicator also crossed bullish on this making it know of true bottom of the channel. Checking through daily timeframe we detected potential rising wedge in the making and the main idea here is to wait for price to breakout. Focus more on the Buy Back zone as it been a projected level for the correction. Kindly go through the chart and do leave us your comments to let us know how you feel about our view, Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas Thank you.
Long
by weslad
4
ONT - Daily - "Looks Quite Bullish""👍✋Not financial advice, do your own due diligence ✋👍 ////////////////////////////////////////////////////////////////////////////////////////// 🛑Legacy🛑 - Linear Regression Line(LR) is the green/red worm-like line. - Major Resistance Line(MRL) is the color fuchsia. - Major Support Line(MSL) is the color aqua. ////////////////////////////////////////////////////////////////////////////////////////// ➡️Technical Standpoint⬅️ 1.) Its willingness to stay above the LR signals a change in trend. 2.) Currently at a major support line and holding which is a plus. 3.) Personally looks a lot like a fake head and shoulders. Market volatility can force it downwards to make it seem like a real one, but in reality its just to fill larger positions, and return back up. ➡️Fundamental Standpoint⬅️ 1.) NEO and ONT tend to move together. NEO has news in march regarding NEO 3.0 testnet, and eventual mainnet. 2.) The Chinese economy has been growing even during this pandemic. Great sentiment for both projects. ➡️Current Season⬅️ - Altseason; about a few days into the new season transition.
Long
by RoninAITrader
2
ONT/USDT expanding wedge + support zone (Long) Hello dear friends. I know that many of you like to trade altcoins while bitcoin is in a correction or in a fall. This coin ontology loves to follow bitcoin, but since a mega alt season is expected for all of us soon, take a closer look at the purchase, with a short stop loss. Target ones are indicated on the chart + decreasing volume - indicates a return of the price to the lower border of the wedge. From these values ​​- find a good point for yourself in the long. If the wedge is broken, as well as the support zone does not resist, the price will be brought to the value of 0.375 - 0.41 Do not forget - it is not yet the alt season, but the transfer of money is taking place gradually - all the more, this coin has a large accumulation range on the Weekly TF.
Long
by UnknownUnicorn13204076
ONTUSDT Bullish scenario and opportunity for 32% profitONTUSDT has suffered a large correction and returned back to previous resistance to now find strong support. The downward trendline was broken and ONTUSDT has now retested it giving perfect entry point for bullish scenario. This could be a good opportunity for short term profit on ONTUSDT. Golden cross is also in place in the 6H frame. Therefore, Entry: Current Market price Target 1: 0.5895 USDT Target 2: 0.6540 USDT Target 3: 0.6853 USDT Target 4: 0.7301 USDT. STOP LOSS: around 0.4716 USDT Good luck!
Long
by Vrnss