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Ontology (ONT) - October 9

BINANCE:ONTUSD   Ontology
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(ONTUSD 1W Chart) - Mid-Long-Term Perspective
Above 1.10565394 point: expected to continue uptrend


(1D chart)
Support section: 0.85048643-1.09490233

First resistance zone: near point 1.48911466
Second resistance section: 1.88332698-2.08043313


The support section is a section that can also be a resistance section and determines the trend.
Therefore, if it rises in this section, it is expected to turn into an uptrend and rise.


If it declines from the 0.85048643 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.


If it rises near the 1.48911466 point, there may be a change in the short-term movement following the movement out of the 1.34106391-1.65814635 section.

In order to respond to these movements, it is important to stabilize one's psychological state by lowering the average purchase price or reducing the proportion of investment.


I think 100% selling in the current coin market means not trading for the next few months.
Therefore, if you have sold 100%, it is recommended to stay away from the coin market for a while.

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(ONTBTC 1W chart)


(1D chart)

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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 the 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.