78.60% retracement is almost complete - On a bad day the candles could fall through and hit the 5th arc beneath but otherwise will rejoin it by either moving sideways or on the way down from a bounce - If Ont bounces here the range is as high as the underside of the 4th arc pair
Quick scalp trade
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the...
ONT is currently forming a lower high compared to the 6.70 area from last week.
It's dropping lower versus Bitcoin in this moment, it should go lower as bitcoin is expected to drop later on.
I think the buy zone is pretty large but will be rewarding anyway.
3$ psychological but it could be a bit higher obviously.
Ontology/USD hits fresh year low of $4.11 and shown a good jump of 42% till $5.830 level ahead of Mainnet launch. The Ontology community is holding their “ Socrates MainNet pre launch” today in San-Franciso today and MainNet will go live by the end of June 2018 mostly Jun 30 th. After the release all the NEP- ONT must migrate to Ontology MainNet.
A partnership...
Ontology has been on an upward trend vs. BTC since April. Its USDT chart indicates it is at the bottom of a cycle and about to retrace upwards. We prefer to stay in USDT for this trade because our current sentiment for Bitcoin is still bearish.
Exchange: Binance
Term: Medium
Invest: 5%
Buy between:
6.4 - 6.65
Sell Targets:
Target 1: 7.36
Target 2:...
