fgolobovant
Short

$ONT Completing the 5th wave?

BINANCE:ONTBTC   Ontology / Bitcoin
#ONT is about to complete its 5th wave on the 4 hour chart. The target at this short price is 0.00118 sats #TC.
The main indicator is the breaking of the pivot at 0.0010750 sats #BTC.
After finishing this fifth wave (but in the next few hours). We must wait for an ABC core and consider this recent high as the first wave on the daily chart and the ABC correction as the 2nd wave to measure the 3rd wave, the strongest and most profitable.

Ps: This projection depends, among other factors, on the stability of the BTC's price or its return on investment.

Let's wait and see what happens.

Cheers
Trade active: $ONT came very close to the target of 0.00118 sats, reaching 0.00160 sats. It has now gone into correction and has a possible target for repurchase in 0.00105 sats.

Comments

Piece of advise..got lot invested on ont since the 1.38 usd..want buy more...is this good time to buy or should wait?

Thanms
Reply
fgolobovant ShieldCyber
Hi @ShieldCyber, It depends on your investment style. I believe that ONT has great potential for appreciation for this year. It has a few months that was released and has already appreciated more than 400% !!!. Well, if you're a Hodler you can have great long-term and average profits as well.
However, the analysis I have done is for a slightly shorter period: days and maybe two or three weeks. For the short term, I would expect the end of this fifth wave on the 4-hour chart and the ABC correction to come in. For this correction to be confirmed as the 2nd wave of a larger wave (daily chart), it must go up to 0.0010000 sats, otherwise a larger correction ABCDE may follow, followed by a consolidation zone and discard, per hour, the Elliot Wave theory.
Note that the RSI and Sotchastic Oscilator indicators are entering the overbought zone, so there is the possibility of a correction on the way in the short term.
Note that the RSI is forming higher peaks until reaching the overbought zone, corrected up to level 50 and is rising until the zone overbought again. This last peak can confirm the 5th wave if it is smaller than the previous one (black trend line in RSI).

This is my just my opinion. Remember that your investments are at your own risk.

Thanks for interacting. I will be available to exchange more ideas.

Gratitude
Reply
fgolobovant ShieldCyber
@ShieldCyber,
Do not forget to keep up with the next BTC movement. If BTC falls, all Alts fall as well.
Reply
ShieldCyber fgolobovant
@fgolobovant, thanks...can keep us posted about btc also?? Got some invested in btc also....
Reply
fgolobovant ShieldCyber
@ShieldCyber,

You're welcome. So I invest in Altcoins seeking to increase my estate in Bitcoin. You see?
Looking at BTC now, note that it is on a not too steep high channel and has a high trend line being tested. On the daily chart, I believe BTC is still in a reverse wave and has not yet finished 5th wave. However, in this case, I expect to be wrong and BTC will rise again: D.
I will try to keep as much informed as possible.
Reply
ShieldCyber fgolobovant
@fgolobovant, thanks...well I follow some telegram groups about alts and new icos...anyway yeah keep us posted..got some invested on btc ont zil agi swth ...
Reply
fgolobovant ShieldCyber
@ShieldCyber,
Good!! They always give good tips, but it's good to try to do your own analysis. Even though alerts do not always reach their targets and can sometimes be answered. It does not always work out. It's part of the game. I am also following Zil, IOTA, NEO, NANO, BNB ...
Reply
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