Looking at ONTBTC (Ontology), we can notice that things are starting to turn.
We have the RSI hitting oversold recently, just days ago as well as the MACD hitting a strong low.
The last time this happened was back in January 2021 and was followed by a bullish wave that lasted over 4 months (124 days).
Now, the RSI hit oversold and is starting to move up......
ONTOLOGY ONT Possible targets for 2021
According to the head and shoulders pattern in 2 different modes, there is a strong resistance in the range of 0.9 to 1.1, which in case of breaking this resistance, the targets are:
target1: 3.7 $
target2: 6.4 $
target3: 19.5 $
target4: 34.5 $
under 0.45 $
the premise is that these considerations on the short term,
it seems to me that from 22 June to 7 July an impulsive movement has developed, therefore from 8 July its correction, and
in the green area the possible levels for this correction, levels from which it could start again.
Below the low of June 22 this hypothesis is denied
Current Market cap $619.117.309
And there is Realized RHODL Ratio. In this chart u can see we are on the bull run, somebody does not sell any BTC so if u sold out, so don't wait for the Big Guy call u and say "Hey bro! Let's buy Bitcoin!!"
Look at The Puell Multiple chart. It's not today, not tomorrow, but...
Investment has always been diversified, many people choose to bargain, low suction and high throw; some are on the right. The method is not good or bad, but for different markets, we should choose a suitable way, rather than mechanically mechanically.
Buffett is a typical left investment, many times he can hold for ten years or more, so everyone respect him as...
Hello to you all. Mars Signals team wishes you high profits at all times.
If we get out of the triangle and stabilize, we can enter the trade for the above goals. And in case of breaking the line from the bottom, we have specified the support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!