Ontology Gas (ONG) Finds Support & Starts To Move (Targets)

BINANCE:ONGBTC   Ontology Gas / Bitcoin
I posted a trade idea for ONGBTC a few weeks back on the request of our readers and followers, I mentioned that I don't like new charts because you cannot do TA without data and any trading based on a blank chart is just a pure a guess.

Now we have some candles showing up on the ONGBTC chart and we can see some massive bullish action.

Feel free to hit like and allow me to entertain you for a few minutes, let's take a look at these signals together.

We start with the left and 4H chart:

  • Here we can see a big green volume bar to the far right and a clear break above EMA50, which rejected ONGBTC on the 7 March.
  • The RSI is bullish and the MACD as well.

The chart to the right is the daily time frame, the purpose of this chart is to show you ONGBTC targets:

  • Here we can see that ONGBTC is now challenging EMA10. A close above 0.000147 on the daily time frame would be a good signal for the bulls.
  • A break below 0.000121 would invalidate the above signals. You can use this level as your stop loss.

ONGBTC Targets:

  • 0.000163
  • 0.000180
  • 0.000206
  • 0.000229

Note: This is not a piece of trade advice. All of my trades are clearly marked and contain buy-in, targets, stop-loss, capital allocation, and additional information.

Thanks a lot for reading.

Comment: ONGBTC Targets:

0.000163 -Reached 13-Mar. (+15%)
0.000180 -Reached 13-Mar. (+27%)
0.000206 -Reached 13-Mar. (+46%)
0.000229 -Reached 13-Mar. (+62%)

Additional targets are available on the right-hand chart.

We will keep tracking this.

Thanks a lot for the continued support.

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