BINANCE:ONTBTC   Ontology / Bitcoin
Congrats to anyone who played $ONT since my last chart, and especially those who bought earlier. My entry didn't quite hit, but you would've made a damn good profit if you got in near the target.

$ONT is clearly overbought and I can't imagine it going much higher for now.

I didn't include it, but we've seem to have completed 5 elliot waves and I'm expecting a correction to the 0.5 fib/0.236 fib/ support area in the first green box. Second entry target would be the 0.382 fib/ support area in the lower green box.

We could see a cup and handle pattern forming before taking off again prior to the June main net launch (just a guess as to how the correction plays out. But then again, this is crypto so it could just keep going up)

Tentative target is the 1.618 fib around 155k sat range.

Happy trading!





Comment: looks to be consolidating into a possible triangle
Comment: ONT had some steam left to go up. However I'm seeing bearish divergences on multiple indicators on high time frames. Moving my entries up to 68~70k range

Comments

looks to be consolidating into a possible triangle
Reply
I agree, excellent chart. What goes up must come down. Im hoping for a $5 to $6 entry
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@t3rd, yessur. sometimes things take forever to come back down in crypto tho. hopefully those levels hit for another swing play
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This one is pretty straight forward. Nothing fancy
Reply
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