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ONT

Ontology, ONTBTC Ready to Take Off Again?We've covered Ontology, ONTBTC previously but that didn't go as planned but now the chart looks more promising so let's take a look at it again shall we. Ontology, ONTBTC one of the better performing coins since their launch on Binance in March has retraced quite a bit from its highs but has found good support around the 0.0004500. It has bounced off that level several times already and it also happens to be near the .618 fib retracement level so it's an important support area to look at. With a retracement of more than 35% and clear support, we could say that the corrective ABC wave is set and shown on the chart. So are we ready for the next impulse wave and next leg up for Ontology, ONTBTC? The indicators RSI and MACD both moving upwards and enough room for further movement upwards. Also, there's a little bull flag forming at the moment so if ONTBTC manage to break out of that bull flag, then we can see it move up and break the triangle that it's in. So if you want to swing trade Ontology, ONTBTC then this might be an interesting moment to do so or you can wait for some more confirmation by the break of the bull flag or triangle. Trade Instructions Buy Area: 0.0004500 - 0.0004800 Profit Targets: Short - Mid Term 1. 0.0005295 2. 0.0005771 3. 0.0006175 4. 0.0006585 5. 0.0006928 6. 0.0007242 Stop Loss: 0.0004295 Note this is a bit of a tight stop. Remember, you can use a larger stop or no stop at all if you believe in this coin for the mid-long term. You can just ride it out and don't have to worry to get stopped out and miss the swing. Leave a comment if you have any questions. Like the post, if you liked it and share it if you loved it! This is for good karma. And until next time, good luck with your trading!
by Trade_Masters
2
ONT ready to deliver a 50% to you.Hello friends, welcome to this analysis on ONT. ONT is a really good project and it's favorable in the crypto land at the moment and you can see a lot of people are talking about it so you can expect some more upside from it. As you can see in The chart ONT has cooled down after a massive run and it has formed a falling wedge. the target of the falling wedge is gonna be around 7.3k sats. you can see that the price action is up trending inside the triangle and is getting ready to break up. As a trader, you wanna wait and identify the breakout and then buy the breakout. remember the break-out must have good volume and you should wait for the candle to close for confirmation. However, if you look at the RSI in 4-hour chart you can see that it has pulled off from the oversold area and is up trending to the upside which is giving me some confidence that we gonna see a break to the upside. I'll update this post if I see the breakout. Good luck trading. ;)
by Trader_Shayan
1
ONT – Bullish pennants all over the place – Pending break-outOntology has been really going for it, jumping from one bullish pennant to the next one. Today we are experiencing pennant number 4, accompanied by a golden cross in the MACD (A) and upward momentum in the RSI (B), so this one is likely to precede a strong next bull run. Talking targets, the previous 61,8% Fibonacci level is first up at 6650 sat. After that, I believe we can hit 8141 sat. That’s a nice gain. I’m long in this one for the longer term, but if you just want to make a nice trade, this is definitely a good opportunity. There is also a nice divergence showing that there is indeed further accumulation, a good example showing this is this author's (@mertmaximilian) post: E.g. cumulative volume index divergence on the daily: This one speaks for itself. Good luck. PS: merely my opinion, DYOR PS2: always happy when you give a thumbs up :)
Long
by A_Cryptastic_Mind
3
Ontology break-out watchOntology has been consolidating in a channel, after correcting approximately 50% from it's massive run last week. IF we can close above the upper channel resistance at around 0.0005300, with some volume, we can see another impulse begin. We can look for a target around the 1 to 1 extension of the previous wave up, 0.0007500. This is not an extension of the entire previous cycle, only of wave 5. Therefore, this will be a sub-wave 1 of a larger impulse cycle to new highs.
by dcattey
1