ONT cycle wave countI'm mainly doing this so I can assume a wave count in the usdt pairing chart. (There's not a lot of price data to go by so I'm analyzing the btc pair.) Usdt pair reeks of accumulation so lets see how this goes.
stop loss just in case bitcoin blows this chart up
ont wyckoff accumulation pic in comments
Ontology
Ontology Neutral ZzzzzAlthough Ont has market leading PoS percentages the candles have found a comfortable place to sleep on the 23.60% fib. There's absolutely no sign of the coffee brewing yet, no buy spikes where groups are waking Ont up by reaching elbow deep into the sells. The recent flash rally didnt disturb Ont from its slumber at all, not a flicker. Nothing will change until buyers come in and start a party with VoLuMe - Detroit Deep House if they know how to do it right <><>
ONT/BTC BTFD IdeaSupport has shown to be relatively strong here. Looking to take advantage of a strong bounce from this zone. Sells are spread across targets as outlined on the chart (this is just my personal preference in scaling out of this type of trade). RSI is oversold, and volume is showing the slightest uptrend over the last few days albeit primarily sell volume.
My thorough analysis of ONT (Ontology) - Levels to watchLately with the market still in the accumulation phase I've been employing a general strategy which is best explained within the chart itself. I'm extremely bullish on ONT long-term, though I suspect and kinda hope that it will come down at least close to the area I labelled as "optimal accumulation zone" before making it's way up to the cloned fib retracement. Just areas to watch as a guide for anyone to help decide whether to be bullish or bearish at any point.
ONT-USDT
1D Chart:
- still in flag formation (correction after last rise in late August)
- support level around 1.665 USDT zone
- low volume (today : 3.53mil / 24h)
Trading strategy:
1. buy when price will break the triangle formation
2. if the price breaks down the triangle, watch for buy around -100% retracement
Price range 1.286 - 1.106, which is a good zone to buy (max. retracement in 14 Aug)
Bullish Divergence on (ONT) Ontology Could be nothing, could be something, either way its probably a good time to start setting some alerts for Dash.
We have some class A bullish divergence on the RSI & Macd . Also volume is in the same area it was before the last pop up of around 100%
This is no guarantee we are going top the moon but definitely noteworthy
bullish divergence -
- "Class A bullish divergences occur when prices reach a new low but an oscillator reaches a higher bottom than it reached during its previous decline. Class A bullish divergences are often the best signals of an impending sharp rally".
Fundamentals seem strong.
I hold no position in ONT -0.65% but may take advantage of their next big run when it comes.
ONT -0.65% is ranked 28
Price has been as high as 0.00115634 satsoshis and $8.87
Possible bottom 0.0001783
I will start to get more excited when the 50-100-200 day moving averages get under the price on the daily.
Great luck and please like the post if you found this insightful! Please share ideas if you see holes in my TA, it will help me and the people reading this. Thanks!
I'm no pro and I will make mistakes so its always great to get 2nd and 3rd opinions after mine.
Joey Rocket
ONT (just like NEO) a really good buy.Greediness!
Both NEO/ONT on the same scale. Guess it's cause of the production of GAS/ONG by holding.
Both have returned to the mean.
Regardless,
very similar story to NEO. Seems to have been very manipulated and brought down to accumulate further.
Ichimoku cloud is very thin on the daily, and the appearence of the 200EMA makes me think perhaps we can break the cloud rally towards the 200EMA, get rejected, test previous support and rally on.
All the tale signs of a good healthy bull run.
TD sequential exhausted, RSI's bottomed out, especially on the weekly (perhaps wait for a slightly lower entry in the green box).
But overall, an insanely profitable buy.
Good luck.
ONTUSD (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Ontology / ONT
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ONT- ONTOLOGY – Profit on the horizonHi Guys!
As early hours on Monday were rather mundane just now we can see some positive influx on the market.
BTC has gone up over 2% which made other cryptos go north.
One of them is ONT.
If you want to know more about the project please look at our previous analysis down below.
Here are technical analysis details:
• Profit/loss ratio at 560% - we can lose 1650 st to all-time low but we can gain 9200 st which makes such ratio as given above
• We managed to defend support line which came into effect on Sept 12th – good
• We have to resistance lines to broken – one already was broken at 0.0003102. Next line to broke is at 0.0003308
• MACD – bull’s cross present
• Weis Waves – significant green bars and no red ones which means no supply and growing demand
• Chaikin Money Flow – Positive trend of the pressure on the price which was strengthened recently – look at the angles marked on the chart. We also crossed zero level which is a bullish sign.
So Traders. We hope demand on this coin will last for a while. If so we can earn a decent amount of $$$. Technically it looks very very good.
Are you in? Do you have any additional info regarding this coin?
If so please do share it with us!
Thanks for being here!
LOVE YOU ALL!
HUGS!
WBM Team
Analytics ONT/BTCThe Ontology team has a global idea of building a bridge between the real economy and the blockchain, the platform’s functionality is focused on integrating blockchain solutions into business processes.
The asset rate is correlated with the market, the volumes rise up from the middle of August, but there was a significant drawdown before it.
Now the rate is in the accumulation zone 0.000265 - 0.00036, the asset is deposited in portfolios. The entrance to the asset in this range is quite comfortable. The security entry point is 0.000265-0,000272. When the price approaches the exit from the accumulation zone, additional analysis is needed to clarify the direction of movement.
The main trading volumes go through a pair with the USDT. It’s shows the predominance investors interest, not speculators.
The medium-term growth potential of the coin is about 260%.
Ontology is in a crossroads - Heading down!The market is telling us that we are still very much bearish at the moment, BTC currently looks to be trending down with a 90% probability of hitting a major support level at around $5775 and potentially lower to $4900ish, within the next 10 days. If this scenario plays out expect alts to face a major dump. Ontology seems to hold quiet well during markets downtrend, but don't be a fool to think ONT will not see a new low. I understand, this is not the most popular option for many, but October and November still very much bearish in the crypto world. We will see bounces between now and the new yearly low, but the end target is coming and coming fast.
I expect to see this scenario taking place and set my buy targets as followed:
Buy: $1.50 - This will come very soon
Buy: $1.21 If the $5900 BTC supports break expect T2 to be filled
Buy: $0.91 If $5700 breaks We are definitely picking up more ONT at T3
I hope one this scenario plays out as this not financial advise. Like, comment, share your thoughts and opinions.
ONTBTC: a possible support retestIn a long-term, Ontology is one of the most promising coins out there. However, as, perhaps, all the altcoins these days ONT got driven by the bitcoin price action. Now it is above the strong support level, but if BTC will go down to test 6k, ONT will very likely break the support and reach the previous low. However, after that it is reasonable to wait for a huge rise.
Not a financial advice.