We think that ONT Finished to form bat pattern and we will start to go up targets you will find on chart
STOP LOSS close daily candle under Buy area
Let us know your opinions Also don't forget to like and comment our idea we appreciate that a lot
also if you wanna analysis to any of your favorite coins please leave it in comment and we will do it for you ;)
This one was on the profit package this week and now you see why - 77 above the 231 with a strong 7... 2 beats 1 any day of the week so expect to see this one breakout to the 1.6 to cap out above 3000 sat...
For more information check out the Patreon Page!
ONT/BTC not having an exciting reaction to the ascending gann fan line, therefore I expect a retrace to one of the lower green boxes.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
This is a log chart.
ONT scenario if BTC doesn't dump like a truck (which may happen).
If the Bitcoin does go down there will be very few if any alts that don't go falling along with the ship. But if btc can even just stay afloat for a while then there is certainly some room for alts to run. (...on water? I mixed my analogies...)
So anyway I'm keeping an eyehole peeled at a key...
Once again only trade USDT pairs until BTC decides on direction/ Ont is a at a breakout point and looking strong, great chart pattern setup and no real resistance until 3400. Keep tight SL =.298 and T1 = .339
ONT is one of my favorite cryptos to trade. It has a great mix of range, volatility, liquidity.
This coin has been on a tear. Played this on the 1.00 break a couple weeks ago. After this run to 1.60 we have a nice orderly pullback on this.
Rules of Pullback Trading:
Orderly Pullback. NO crash candles
Volume lower on the pullback then the prior push...
Gained important level.
Consolidation looking like accumulation because of gained level.
Not the highest probability trade but R/R of 8+.
Manage your risk on account appropriately (smaller because of high fail rate of high R/R setup)
NEO has been consolidating for quite a while in what is starting to look like a big ascending triangle. The resistance almost looks artificial to me at this point. How many times can we get rejected from EXACTLY 2400? We have nearly 10 touches on that resistance, and one major attempt to break through, which got sold on heavy volume. On the surface, that doesn't...