Trade_Masters
Long

Ontology, ONT/BTC Is Reaching an Interesting Crossroad!

BINANCE:ONTBTC   ONT / Bitcoin
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 price reaches both the support level and bottom of the channel, this "crossroad" could be an interesting level to enter Ontology for another move up.

If you're looking for a short-term swing trade in Ontology, ONT/BTC, then these are the levels to look for.

Trade Instructions

Buy Area:
0.0005500 - 0.0005750

Profit Targets:
1. 0.0006458
2. 0.0006751
3. 0.0007045
4. 0.0007472

Stop Loss:
0.0005250

Leave a comment if you have any questions.

Like it, if you liked it and share it if you loved it. This is for good karma             :)

And until next time, good luck with your trading!
Trade closed: stop reached
This would have been true if ONT wasn't pegged to BTC.... ONT performed well because many people saw it as a hedge against a declining bitcoin.
Now that BITCOIN is rising in dollar value, trading bots automaticly adjust the relative value of ONT in terms of BTC value.

Your analysis is correct tho, 2 bullflags. There should have been a reversal to the upside.
Reply
@ironflag, Yeah I see what you mean and your right. That's with all coins who are pegged with BTC of course.
Reply
themack92 TheCryptoLorax
@TheCryptoLorax, I agree with this however i think your c wave will be a lot longer considering we would have created a massive head and shoulders and broken through my target is between 29k - 35k sats
Reply
@themack92, Thanks for the feed back :)
Reply
Trade_Masters themack92
@themack92, yeah good feedback, thanks.
Reply
Trade_Masters TheCryptoLorax
@TheCryptoLorax, very nice chart. Thanks!
Reply
thanks for this... just entered as it touched the support line.
Reply
Trade_Masters johnhenryt
@johnhenryt, welcome and good luck with the trade!
Reply
johnhenryt Trade_Masters
@Trade_Masters, bummer! stopped out. so much for that channel....
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out