Ontology Gas (ONGBTC) is moving back above MA200 today...
MA200 is the black line on the chart.
This indicator line represents an important level for altcoins trading pairs when looking at the daily timeframe.
When prices are trading below MA200, we cannot see strong growth take place and prices are likely trending lower...
But, when we have prices for...
-After the strong massive pump recently
-The price has retraced almost -60% down
-It is currently testing the 200D MA
-A confluence of key trendline support
-Plus the last Fib area of support at 0.786
-If ONG can hold this level for a few more days
-There is a chance we can see a bounce up reaction
-Target is up to 2000 sat or higher
Our analysis made over 100% profit and It is currently in the process of adjustment, when the price returns to the area of 1500-1700sts, we can consider to buy back for quick pumps.
But if it returns to above 2500sts, it may keep pumping to our last target at 4500sts
-broke key resistance area at 2189 sat
-it would be healthy if old resist becomes new support
-if the price comes back to 2200 area and sees a reversal
-that would be a good rebuy chance for potential uptrend continuation
-my upside moon shot is up to 4500s
Ontology Gas (ONGBTC) is getting ready to jump with its price now trading above the MA200 black line.
The last time this happened with had strong additional growth.
Recently we had a long-wick up, testing EMA300, and now we will surely have a second run.
Prepare for an easy 80%+ for Ontology Gas this month.
ONG has pumped so strongly as our analysis and now it is in strong bearish trend. But in this market situation, everything may changes. We need to prepare for 2 possibilities :
- Keep dropping : we will wait to buy it at 750-900sts (Detail point will be analyzed again in future)
- Pass over and stand stable above 1500sts : It will has big pump to 2500sts or...
-over 100% pump on a single 12H candle today
-after confirming old resistance turned new support
-before it happened, Cross Ultimate Indicator signal is Long
-almost reached the recent swing top resistance zone
-we might see another follow-through or minor consolidation
-I suggest not to enter as the current price level
-already extended and missed the...