The price action has retraced between 0.618 to 0.786 fibonacci and now we have four touches at potential reversal zone's support and pricline is likely to failed in breaking down the support. Now it can hit the sell targets soon insha Allah.
The targets are:
Buy between: 0.0002170 to 0.0001812
Sell between: 0.0002452 to 0.0003297
Atif Akbar (moon333)
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...
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ONTUSD (Ontology)(Binance) Bull Run is started.
- News around cryptocurrency is too good.
- Looks like this summer will be very hot!
- Head and shoulders
- Trend lines from past interact well with current local Trend bottom.
- Next generation blockchain from NEO replacement of NEO.
In early 2018, it was so stated. I keep the coin for perspective and replacement...
A break and close above 12 EMA(yellow line) could signal a reversal. Blue dotted trend line holds as support. Another leg down still possible but trendline has been holding strong.
I predict prices to test 26 EMA (purple line) then 50 SMA weekly(green line) in the distant future.
Still alot of people skeptical about the state of BTC so there's low volume....
$ONT Breaking above descending trendline, for now rejected at 19.5k Sats similar to previous iterations over last weeks...
Showing some volume but I would like to see some continuation
For now I would wait for a flip over resistance or a retest of support as entry..
The market is telling us that we are still very much bearish at the moment, BTC currently looks to be trending down with a 90% probability of hitting a major support level at around $5775 and potentially lower to $4900ish, within the next 10 days. If this scenario plays out expect alts to face a major dump. Ontology seems to hold quiet well during markets...
Trading Signal - BUY
My buy price - 1570
My (Trailing) Profit Take - 1670**
My Stop Loss - 1550 **
**Trades are valid for about 8-12x the Timeframe (e.x 30min = 4-6 hours valid) after that, anything can happen.
For both my Profit / Stop I use a so called Trailing Profit Take or Trailing Stop Loss to Maximize my ROI!
This is made possible by 3Commas.io A...
ONT seems to be at its support
ONT always bounces off from this BUY ZONE 4 times
BUY at the BUY zone area or closes above the white trendline
Targets are on the chart
SL -5% of buy-in or below last support