alanmasters
Long

[ONTBTC] Ontology Back In Business [240% PP]

BINANCE:ONTBTC   Ontology / Bitcoin
Ontology (ONT) can be traded on Binance and it is one of the highest volume tokens on that exchange. Recently, Ontology had a very strong breakout and has been consolidating nicely.

A bullish pattern has formed on the charts and I believe a break up can happen soon.


Charts, signals & indicators

- You can see the bullish pattern in purple. This is either called a bull flag or bullish rectangle , it goes by different names.
- You can see the profits potential for this trade based on current price vs last all time high.
- Huge increase in volume can also be seen after the bottom was hit on the 14th August. And more volume keeps on building up.
- Very strong bullish divergence on the MACD , notice the huge jump in price after this signal formed.
- EMA10 (blue line) is now working as support... This is an easy trade for us.


Trade instructions for Alan Masters Trades supporters

Buy in: 0.000346 - 0.000387

Targets for Alan Masters Trades supporters

(1) 0.000404
(2) 0.000474
(3) 0.000544

Stop loss: (1) Close below 0.000310 on the weekly or (2) a close below 0.000268 on the daily.

Capital allocation: 5-10%.


GROWTH IS IN THE AIR

Next time you wake up, stop, remain calm, breath over and over... Remain in bed.

Take a few minutes for yourself, a few moments of breathing... Thinking of nothing, it is the perfect time to meditate.

Is there anything else that needs to be done?

No, that is all that it takes.

All you have to do is breath deeply for a few minutes, through your nose... Because GROWTH IS IN THE AIR.

Namaste.
Trade active
Comment: Patience is key!
Trade closed: stop reached
Comment: Looks like Ontology (ONTBTC) will move soon...

What's your take?

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Related Ideas

Comments

thankyou for keeping an eye on ont
+1 Reply
alanmasters Paisleyred
@Paisleyred, My pleasure.
Reply
decending triangle ?
+1 Reply
alanmasters fineshine77
@fineshine77, Bullish rectangle.
Reply
You the man Alan. What a time to be alive
+1 Reply
thank you
+1 Reply
alanmasters lifelonglearner87
@lifelonglearner87, My pleasure.
Reply
alanmasters lifelonglearner87
@lifelonglearner87, My pleasure. Thanks for the support.
Reply
Please Check LSK i think it's time to move up
+1 Reply
alanmasters DJANAS1ST
@DJANAS1ST, Will do.
+1 Reply
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