Looking at the existing support (blue) and resistance (red) lines & trends, and considering the recent correction, I believe ONT is due for another breakout after this correction has completed. Orange is a potential trend-line if the correction ends up ending near where I plotted.
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This is not investment advice.
I know nothing.
I have no ego.
I...
ONT had such a nice run, it was so fun catching the bottom here and helping people get out of scary buys.
Had to let people know to just be patient and let it play out, the competitions on binance definitely helped!
So volume is overall down since it's top here, IF there is a bounce and the handle takes off, targets are set above in the 2.272-2.414 extensions~~
ONT looks to be forming a cup and handle.
Accumulation has been going on for the last week.
These are the levels and projection that I believe will occur.
$ONT breaking out of the triangle from the past couple days. Should prove to be an interesting alt season. Zoom out and look at the daily and you can see the bigger picture.
Ontology has been really going for it, jumping from one bullish pennant to the next one. Today we are experiencing pennant number 4, accompanied by a golden cross in the MACD (A) and upward momentum in the RSI (B), so this one is likely to precede a strong next bull run.
Talking targets, the previous 61,8% Fibonacci level is first up at 6650 sat. After that, I...
Ontology has been consolidating in a channel, after correcting approximately 50% from it's massive run last week. IF we can close above the upper channel resistance at around 0.0005300, with some volume, we can see another impulse begin. We can look for a target around the 1 to 1 extension of the previous wave up, 0.0007500. This is not an extension of the entire...
$ONT seems to have a 3 drives pattern forming inside of a H&S. The fib levels verify the 3 drives pattern so far, awaiting the final drive down to the 1.272~1.618 fib level. seems to be oversold currently and a drive up is expected to the fib levels below the neckline, before continuing down to complete the H&S to the 0.5 ~0.382 fib levels. I don' think the 0.382...
I seem to be getting better at making my ideas slightly more legible and clear. This will allow less frequent updates so that I can focus on my other swings.
My order was filled so I am back long on Ontology. Preliminary roadmap is all mapped out. Happy trading folks.
--longmoney
I've come to the conclusion that Technical analysis for altcoins such as ONT 0.91% , WAN, ICX is highly unreliable and outright dangerous if Bitcoin 1.18% remains extremely volatile.
Before you start blasting me. Hear me out. ONT 0.91% was obviously bullish I agree with you, 2 bullish divergences + 2 bullflags.
But yet, still failed to break out and moved the...
One of the best performing coins in the last month has to be Ontology, ONT/BTC.
After a very nice runup and some consolidation, ONT/BTC has now formed a nice channel for itself:
Currently reaching the support level at around 0.0005500. This area is also close to the bottom of the channel and happens to be near the .618 fib retracement level as well.
So as...
