Ontology Upside potentialOntology (ONTETH) has been rallying the last few weeks and is now at resistance.
Price will likely continue its move up but it's important to see how it reacts from the current levels.
If price breaks through the resistance, we can expect the rally to continue to the all time highs around 0.0165.
If price drops down, we can expect the support area around 0.0125 to hold and the rally to resume.
Good Luck,
CryptoTrendline
Ontology
ONT
Appears to have started a good move; subject to good market conditions and Bitcoin stabilization.
It seems that wave 4 of the correction phase is now completed and by staying within the ascending channel, can reach for higher targets in form of wave 5.
Stop-Loss at 0.00078
Ontology has a Cup And Handle formation .In ONTBTC chart we are going witness a cup and handle formation everyone .
If it helped you.
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ONT/BTC...I'm Not Done With You Yet... ;-)I need to keep these short and sweet to be able to keep up with the posting. Chart is self explanatory ;-)
For your education only...
longmoney
ONT Possible Cup & HandleEither this scenario will play out or the cup might be made around my "partial target", which would raise the handle/cup targets.
Follow me. Future professional trader!!
Ontology – big bull flag formationOntology has been making a lot of bullish pennants of lately, I wrote about these extensively in my previous posts , following up a 5X increase on its price. I also called the top and urged to sell at least part of your positions at the points where the green straws / outliers of the candles ticked of the top orange resistance lines.
In the meantime, Ontology price has corrected to the 8000 sat level (down from a high above 12000!).
But now, we are forming i) a triangle with strong support at 8116 (Fibonacci level that you can see all previous bottoms were formed in the last weeks), and ii) actually are forming a bull flag, and a big one at that.
If this scenario pans out, we can add the length of the pole of the flag, to the breakout price round 9000-ish, which would let us see the moon again for a bit of time. At least, that would mean a big price rise.
Moreover, if we look at the 2h chart, we have a bullish MACD and bullish RSI going for it, so this will be a first bounce moment. Although I think some more sideways movement will follow before a break-out occurs.
Anyway, keep this scenario in mind before selling your positions! ;)
BY THE WAY
Did you know that you could've gotten 1000 ONT at the airdrop pre-ICO a few months back? Yes, you read that correctly - that would mean you were 8-1000$ richer today, because of an airdrop!
And did you know that there is a new airdrop in the same ecosystem (NEO) today? Have a look at my twitter profile's pinned post (wijcryptonairs) where I posted a link to claim your own airdrop pot. I can't post it here directly, as external links are forbidden, but of course - we crypto-enthusiasts have to help eachother out!
ONT/BTC - Sleeping Giant in June, Big UpsideONT/BTC - Looks super healthy, it looks very strong, as you can see we have broken a very long term wedge formation with some big volume, we have held above a key resistance level and are now finding support on previous resistance which is exactly what we are looking for.
Indicators are looking prime, MACD is super bullish, its ranging above the Ichimoku Cloud which confirms a bullish move for ONT in the coming few days to a week.
Fundamentally - we have a mainnet this month and some rumours on a Bithumb Listing which would rapidly increase the demand on this coin.
A good entry on this is 0.00010150 sats, first structured resistance is at the previous ATH, which would have us at about a 10% profit.
Message me on Telegram - @AlpoCrypto any time.
Ontology Has a Bull flagLooking like price surge in ontology Is not going to stop here any time soon. We have a little bull flag there So if Bitcoin will be stable or in a Up trend we are expecting for a nice little Breakout of 4% . And remember we also have Main Net launch in end of this month this One a good pick for a Mid term..
ONT/BTC 4 hr Binance...It's A Runner! Watch OutHello fellow traders. So many coins to update, but how can I forget the elusive ONT. It is long overdue for an update, and although I had missed trade after missed trade, my money management game is tight. And so....Here we are ;-)
Before I do some quick analysis, I'd like to point out some misses. Far too often, these "pro" traders on TV do not emphasize the importance of misses, stops, or just being flat-out wrong in their proposed counts. For those looking to amplify their TA skills, these are absolutely critical and invaluable. That is how I learned, so I share the wealth ;-).
I was front-runned at the 50, which you can see labeled on my chart, and thus, only was able to catch a portion of the swing. Then I was stopped, and stopped again. As I waited for what I have as my proposed 4 to be in, I bit--hook, line, and sinker. I still believe we have another kick from ONT--regardless of BTC movement. I have already taken a partial but my final will be at or near a double top, due to how I feel, the misses, and plainly I have my capital tied up elsewhere.
The lines drawn are not exact, just a general direction of how I see the market moving and where I will be out. If it runs up, so be it. Good for those who stayed. If it starts to drop, profit is realized, and I will be looking for the next entry. Stopped out. Yes, I said it ;-)
ONT is one of my favs, and I will do my best to provide my insight and TA to share with all. Be safe everyone. And please follow these for your education only.
ONT Channel ONT is in a channel with a few outcomes. Wait for the breakout of the upper channel and the subsequent re-test of the upper channel as support before buying. It could break above then fall back below (bull trap).
ONTOLOGY: BULL RUN & TRIONES INCENTIVE MODEL PROFIT = 24.92% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 24.92% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center.
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.
May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 8: Ontology announces the Triones Membership System. This aims to support a combination of multiple blockchain networks based on support for a single blockchain network economic model.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 14: Announcement that updates to Ontology C# SDK mean that ONT IDs can be created, funds can be transferred, claims can be registered and add public keys can be added to ONT.
May 21: Ontology announces Pre-Release v0.8 of MainNet on Github.
This Includes details regarding: Native Contracts, New Version of VBFT Protocol, Fee Calculation, Network Optimisation and CLI.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 million CNY.
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System.
Based on the Triones Consensus System, the Ontology team uses:
· ONT, a cryptocurrency coin of main chain services.
· ONG, a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT (IoT technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT and intelligent hardware.
(NEW) June 1: Ontology Announces the Triones Node Incentive Model. This includes defined rewards for staking.
June 1: Ontology opens up Triones Seed Node Applications.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
ONTOLOGY: MARKET RECOVERY & STRATEGIC PARTNERSHIP = 18.62% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 18.62% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center.
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricity. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.
May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 8: Ontology announces the Triones Membership System. This aims to support a combination of multiple blockchain networks based on support for a single blockchain network economic model.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 14: Announcement that updates to Ontology C# SDK mean that ONT 0.00% IDs can be created, funds can be transferred, claims can be registered and add public keys can be added to ONT.
(NEW) May 21: Ontology announces Pre-Release v0.8 of MainNet on Github.
This Includes details regarding: Native Contracts, New Version of VBFT Protocol, Fee Calculation, Network Optimisation and CLI.
(NEW) May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 million CNY. The Joint Task Force will press ahead with the development of API standardization, a shared smart contract ecosystem, building open standards for smart contracts, and cross-chain technology innovation.
(NEW) May 25: Ontology Announces the Economic Model Design of the Triones Consensus System.
Based on the Triones Consensus System, the Ontology team uses:
· ONT, a cryptocurrency coin of main chain services.
· ONG, a utility token of main chain operations.
(NEW) May 29: Ontology establishes Strategic Partnership with COT (IoT technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT and intelligent h
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
Pattern Continuation Forming Descending triangles, its looking bearish in outlook
Rsi supporting at oversold region it can again bounce back touching near 80000 sats
Its overall looking bearish pattern and can dump below support
But looking at Fundamental analysis Its going to launch mainnet on 31st june, so people gonna support it,
For further movement it can go out from triangular wedge for the results
$ont:btc sideways trend BINANCE:ONTBTC I have high hopes for this coin and the impact it can have in the Chinese sector. Here are my horizontal levels for BINANCE:ONTBTC I will continue to collect it at low points turning smaller positions into one large position. As always hodl and happy trading!
$ont:btc 4HR with BINANCE:ONTETH overlayed
ONT/BTC Distribution Phase. Mark-down soonBINANCE:ONTBTC had an awesome run up, however it seems like market is exhausting.
Recommend taking profit off this run, not touching this with a 10 foot pole.
Wyckoff Cycle
Elliot Wave
TA:
- Distribution phase
- Head & Shoulder on the 4hr TF
- Cloud trading sideways with a slight curve downwards (cloud break)
- ABCDE triangle
- Hidden bear divergence on the 4hr TF
Ontology Technical Analysis
Today’s coin of the day is Ontology. Looking at our daily timeframe we see major resistance has been hit at 9500—10000 satoshis. Price has broke out 8500 satoshi support and is now heading towards 7000 satoshis, could see a potential bounce off this level. However expecting price to return towards it’s breakout support zone at 5500 satoshis. Stochastic RSI showing momentum is heading towards the downside.
ONT bull triangle We have a bull triangle with upward resistance 0.236 fibo. Breaken out will happen when price will get this level. Also we have seen a BO of local dawn trand as on many other coins.
Ontology, the most obvious inverse H&SOntology is presenting us with the most obvious inverse H&S pattern.
The target almost coincides with the previous high at 12460 satoshi.
However, the blue line at 9900 satoshi is a pretty big resistance, and most likely won't be broken in one try.
I would wait for a pullback before going long here OR enter after the neckline has been broken and there's a retracement.
ONTOLOGY: MEMORANDUM SIGNED WITH NEO = 28.89% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 28.89% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms.
April 25: Ontology ( ONT -0.94% ) releases their IDE -0.26% integrated development environment), Smartx.
April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese.
April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris 0.57% ). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center.
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -5.56% protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricity. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.
May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.
May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels.
May 3: Upbit (Korean Exchange) lists Ontology.
May 3: Korean Exchange Upbit notes that it will give 5% of $ONT holdings to customers who hold ONT -0.94% coins at the time of the snapshots.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 8: Ontology announces the Triones Membership System. This aims to support a combination of multiple blockchain networks based on support for a single blockchain network economic model.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
(NEW) May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
(NEW) May 14: Announcement that updates to Ontology C# SDK mean that ONT IDs can be created, funds can be transferred, claims can be registered and add public keys can be added to ONT ID.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
BTC/ONT bullflag breakoutlooking at a large bull flag. seems to have started to breakout and head for around 1700 sats as next target (set scattered sells on the way up). Have mainnet launch on 30th June. Could be one more small pull back inside 2nd triangle but thats it. remember always set stops to be safe.
ONT is just finished the downtrend and is reversing the trend!!!Hello Lads and Ladies,
Looking at ONT we just saw a breakout from the descending triangle. The pattern that ONT has is very clear - 3 increasing spikes followed by 3 decreasing spikes. A few moments ago the descending triangle was completed and directly followed by a short breakout. Now we are entering the trend reversal phase in a elliptical move upwards. The first target lies slightly above the last second decreasing spike - 0.0010500 sats. From there on the second target will be around 0.0015000 sats, followed by short break and then the third push which is historically almost 100% above the last third increasing spike. According to that this would be at 0.0024000 sats, anyhow I would take biggest chunk out at 0.0020000 sats.
Cheers, Tomas
