ONTUSDT trade ideas
I have not finished yetONT ONT ONT. Is a very simple Idea, if ONT is strong enough to broke our structure will show up his muscles.
For a safe entry wait for a daily close above black line 0,70$
I don't like have a fixed stop-loss but if I need to decide for one i think 0,6568 should work.
I like play with Fib.
I got first two targets through its levels( 1,272-1,414) they are as well old resistance.
I'm not a trader I do that just for fun.
ONT tapping oxygen reserve for a climb to a higher high on 1W TFA flock of auspicious signs in TA signals it might be time for ONT to finally reach a higher high on the higher TF at around $1.88:
Increasing volume on weekly time frame;
Closed green comfortably over EMA55 and MA200 on 1D;
About to close green weekly candle above EMA55;
Three higher bottoms in RSI + bullish divergence (higher bottom in RSI but wick of corresponding weekly candle is lower); Recent Ripple news tapped supply at 0.35-0.40 establishing a new higher third bottom that we were likely never going to visit if it weren't for SEC.
Broke first trend line drawn on top of recent lower highs breaking falling wedge structure;
Candle structure is anonymous on both weekly and daily that we are in an uptrend. Body of green candles on 1W is higher than half of recent red leg down.
Three more major downward trendlines some of which overlap with key Fibonacci levels outline juicy targets:
T1: $0,82;
T2: $1 (trendline + 0.5 Fib)
T2: $1.88 (0.618 Fib)
To add fuel to the fire we also have a fundamental news from yesterday - Ontology based "Welcome home" app passed initial stages of Daimler Mobility review, meaning ONT technology could potentially find its way soon to every smart Mercedes.
What may rock the boat?
- If we close weekly candle tomorrow below 0,64
- Market sentiment and BTC sell off, as always.
ONT - ONT USDTENTRY - STL - TP on picture
TP of me , and TP of you , i don't know
" High risk scaling consider when entering orders "
ONT will go to the moon soon or later Ontology Coin ( ONT ) is the cryptocurrency that powers Ontology, a high performance blockchain that focuses on solving issues related to identity security and data integrity (making sure data remains accurate and consistent).
ONT coin breaking out !! Might rally very soon!Hello traders.
Ont coin broke out of the resistance with style... If we can break $0.7 point soon (previous local high), we may easily reach $1 figure providing that btc stays stable for few weeks we may see head spinning long due rally. If we end up breaking $1 without a twitch we may even reach $1.5-$2 levels
Rsi looking strong 65 on daily chart. We did form a giant double bottom(very strong indicator) ,mcad finally on positive side after quite some time and most importantly volume is picking up fast! Plus their own staking give you roughly %30 interest. Risk ratio is lower end at this point but success of this rally depends of Btc staying stable and no crazy crashes or no bad manipulated news in the media for few weeks.
Good luck traders,
I am excited on this promising coin!
ONTUSDT - Weekly analysis ONTUSDT is printing a falling wedge pattern on the weekly timeframe.
RSI is printing a bullish divergence signal.
Potential breakout.
Buy entry ⬆️ - breakout above the falling wedge inclined resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown below the support level.
ONTUSDT is trying to have a breakout from descending channel 🦐$ONT.X Bounced on weekly support, and now the price is trying to have a breakout. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
✳️Ontology/USDT Analysis (7/1) #ONT $ONTONT is under selling pressure at 0.6$ zone, which is an important resistance zone because if ONT breaks through this zone, ONT will rise sharply to 0.8$ and 1.1$ by the end of January.
If ONT continues to fail at this 0.6$ zone, it will fall as hard as it did in December.
📅NEWS
No News
📈BUY
-Buy: 0.57-0.6$ if A. SL if B
📉SELL
-Sell: 0.8-0.84$. SL if A
-Sell: 1.05-1.1$. SL if A
♻️BACK-UP
-Sell: 0.57-0.6$ if B. SL if A
-Buy: 0.38-0.4$. SL if B
-Sell: 0.38-0.4$ if B. SL if A
-Buy: 0.3-0.32$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
think ONT`s still bullishlook at the reaction to the static resistance at 0.5433. and it is still closing 1H candles above the R3 weekly fibonacci pivot.
going to hit the channel topont has had a good move in the last few days. it broke all of the fibonacci weekly pivots an now has conducted a pullback to the previous high in the current upward trend. we can see a good bounce on the minor resistant drawn in the chart. minimum target is for hitting the channel top which is close to 38.2% level of fibo ret. 45% profit
