ONT coin breaking out !! Might rally very soon!

Hello traders.
Ont coin broke out of the resistance with style... If we can break $0.7 point soon (previous local high), we may easily reach $1 figure providing that btc stays stable for few weeks we may see head spinning long due rally. If we end up breaking $1 without a twitch we may even reach $1.5-$2 levels
Rsi looking strong 65 on daily chart. We did form a giant double bottom(very strong indicator) ,mcad finally on positive side after quite some time and most importantly volume is picking up fast! Plus their own staking give you roughly %30 interest. Risk ratio is lower end at this point but success of this rally depends of Btc staying stable and no crazy crashes or no bad manipulated news in the media for few weeks.

Good luck traders,
I am excited on this promising coin!

Comment:

Comment: Today was interesting day for sure. First we briefly climb up to 0.69 level then fell down to 0.55 then back up over 0.66 in a matter of minutes. This was cleaver maneuver to kick weak hands and doubters out of this equation. Many traders trying to short ONT coin learned their lesson in a very hard way. From this point shorting Ont near term is not logical step till we reach the rally saturation point. Now I am assuming that we could at least reach at least to 0.9 range before correction. Volume is getting way up there ... Great sign too see !!!

Comment:

Bitcoin crashed hard about 11000 usd in a short time period .Good new Ont coin handled this even best way possible(couple cat scratches around the eye area but not blind yet :). We are back up to 0.55 range. This could be absolute perfect opportunity to be able to reach $1 range.

Since we formed the top at 42k range for btc I am expecting at least one more attempt to reach 42k again. Just to make sure that is really top top. If 42k is broken we should see 50k or beyond.

This correction is actually good and now we do have perfect opportunity to push . However if bitcoin fails below 30k level and closes daily candle below , next level of possible bounce back point point resides around 21k usd for btc which will be really bad for the whole market.

Comment:

well so far we are 100% following the plan. we already reached 0.71usd.We should at least close the daily candle above 0.72 usd(preferably above 0.75). If successful, this is clear rally signal at this point. Ont coin looks really strong!!! Alt coin season seems be started already .. Anything can happen next few days!! Exciting times ahead of us..

Trade closed manually:

Hello traders I took profit between $0.64 and $0.71 range. Everything was going according to the plan however Btc's sudden 10k drop destabilized the market to the core. Ont coin is quite prone to Btc weakness. IF Btc fall back to EMa100 line on daily channel which currently sits on 24k range. Ont coin may revisit 0.3-0.4 range. However IF btc gets back over $34 k and continue to climb higher we may even see $1 per ont. Risk is more than I am willing to take at this point since I am at %7 profit , I will call quit for now and wait.

Comment:

Last correction was a lot deeper than it should have been but ont is able to reach 0.8usd. If 0.8 does not act like physiological resistance $1 will be on the table. This coin will do great for the long term! Currently progressing slower than some other alt coins but this coin is the real deal! For me I exited my position 0.71 so not worth for me to get back in action before possible minor correction.

Trade closed: target reached:

Another long term target reached 100% accuracy. What a roller coaster ride!