Ontology
ontusdt/1dDaily candle is shooting star (bearish) and according to chart we have strong resistance above of ONT. Always buy on strong support line and sell before strong resistance.
For holders it's not good time to opening long position but others will be able to opening long or short term base on dynamic and static lines ((check candles also)).
As for me, I always check important dates on chart for possible trend reverse ((you can see them on my chart)).
0.8426 , 1.1697 , 1.5992 , 2.3348 , 3.1127 are strong resistance for price and 0.4179 is strong support, also.
Good luck
ONT short termthe premise is that these considerations on the short term,
it seems to me that from 22 June to 7 July an impulsive movement has developed, therefore from 8 July its correction, and
in the green area the possible levels for this correction, levels from which it could start again.
Below the low of June 22 this hypothesis is denied
Ontology (ONT) - July 7Hello?
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(ONTUSD 1W Chart)
It remains to be seen if the uptrend can be continued by moving higher from the 0.42368389-1.10565394 section.
(1D chart)
We need to see if we can find support by moving up to the 0.89779618-1.09490233 section.
If the price is maintained in the 1.09490233-1.48911466 range, it is expected to turn into an uptrend.
With the decline from the 0.89779618 point, it is entering the mid- to long-term investment area, so careful trading is required.
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(ONTBTC 1W chart)
We will have to wait and see if we can rise in the new sideways section, the 4 Satoshi-5259 Satoshi section.
If the price is maintained in the 5259 satoshi-11111 satoshi section, it is expected to turn into an uptrend.
(1D chart)
We need to see if we can get support by climbing to the 2264 Satoshi-2538 Satoshi section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy for profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Ontology (ONT) Getting Ready For Bullish ActionLooking at ONTBTC (Ontology), we can notice that things are starting to turn.
We have the RSI hitting oversold recently, just days ago as well as the MACD hitting a strong low.
The last time this happened was back in January 2021 and was followed by a bullish wave that lasted over 4 months (124 days).
Now, the RSI hit oversold and is starting to move up... ONTBTC is already trading above EMA10.
With this signals in place, we can start looking for a change of trend.
If this turns out to be the case, you can expect prices to grow for weeks, even months... And the next peak can be higher than what we saw in May.
Pretty interesting... Time will tell.
Get ready.
Prepare yourself.
Plan ahead of time to maximize potential profits.
Namaste.
Ontology ONT is ready to break up.ONT is network is an alternative for the ETH and BSC. Dapps are being built on ONT. OpenOcean, Unfi, etc are using ONT network and more are integrating ONT.
This is just an idea of the ONT chart on daily timeframe.
I will add ONT if it get dipped or when it retest the resistance area as support.
ONT ACCUMULATION ZONE! THIS COULD BE GOOD!BTC IS HAVING A HARD DOWNTREND FOR COUPLE OF WEEKS.
BUT IM PRETTY SURE BTC PRICE WILL INCREASE IN THE SHORT TERM FUTURE.
WHILE BTC PRICE IS GOING DOWN IT ALSO ERASE WHOLE MARKET CAP OF THE CURRENCY MARKET!
THIS COULD BE AN OPPORTUNITY TO BUY FOR CERTAIN COINS LIKE ONT!
PRICE ACTION WAS IN A CHANNEL 1.26-0.88 USD AND IT LOOKS LIKE IT COULD BREAKOUT BELOW FROM 0.87 USD TO 0.79 USD.
IF PRICE GOES LOWER THAN 0.79 USD AND BTC STILL IS BEARISH, PRICE CAN GO AS LOW AS 0.39 WHICH WILL BE AN INSANE BUY ZONE FOR ONT!
PERSONALLY I DONT THINK PRICE ACTION WILL GO THAT LOW BUT I WILL MAKE AN ORDER AROUND THAT ZONE NO MATTER WHAT!
THERE ARE HUGE AMOUNT OF BARGAINS ALL OVER THE MARKET! WATCHOUT FOR THEM AND MAKE YOUR TIMING PERFECT!
ONT/USDT Consolidation between support and resistanceONT dropped hard during this market dump and we see a consolidation between the 0.9$ and 1.3$ range.
This could narrow down until July before it finally breaks out.
We expect the breakout to occur upwards.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ONT/USDT Update: Retesting old support lineOntology is currently retesting the 0.9 support line the second time. It did hold strongly during the last test and we assume it will again.
We did break out of our upwards moving channel and have to take another shot.
Checking the RSI we see that we are near the oversold region and the volume is in a steady rise since 2021.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.