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This chart was created by Jerrybear!
$ONT gives you gas rewards for holding. We rode it from $.50 to $6 in 2018 and it skyrocketed even more past $10 on $ZIL partnership. Under $0.80 is a buy as alt coins rally with $BTC dominance falling. $ONT is breaking out against BTC but a lot of newcomers don't trade BTC markets so just long the dips on $ONT in USDT pairings.
As of today, another Alt that's showing promise.
Potentially about to break a key level (lead in trend line, just got rejected) and pulling back to the previous resistance level as it being written.
How to trade this?
Wait for it to break the lead in trend line, and get retested before jumping in, the safe or conservative way.
Otherwise buy on the line...
Just refined the previous idea of BINANCE:ONTUSDT Looks ready now. Take your profits on red lines.
Previous Post radingview.com/chart/BTCUSDT/XBW685g6-Ontology-USDT-Could-do-its-thing-in-Matter-of-time/]https://www.tradingview.com/chart/BTCUSDT/XBW685g6-Ontology-USDT-Could-do-its-thing-in-Matter-of-time/
ONT is forming an Inverted Head&Shoulders and it seems to be confirming this pattern with this pullback to the neckline. If the price goes above yesterday maximum will be a pretty bullish indication that this asset is going up.
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-new higher is set at 6700s
-a retest of previous resist > new support
-you can either enter a daily candle close
-or buy the break of the local top at 6700s
-the upside target is up to 7485-8957
-stoploss is placed below the daily candlewick at 5700s
Keep an eye out
- A possible Inverse Head and Shoulders, a possible cup and handle break out. At this stage both the possibilities are very much in play
- A closing above 650+ sats and we could be in for a strong upside on the pair
- 4H Golden Cross normally gives a positive price action for the pair
- Break of long term resistance trendline
-the technical pattern is a bullish ascending triangle
-starting to break the flat resistance area at 0.53s
-if the daily candle closes bullish green
-we will likely experience an uptrend continuation
-long shot target is up to 1.08
-stoploss should place under 0.49s
-a good breakout above trendline resistance
-new immediate support is set at 530-510
-if the current price level will hold
-it is likely we will see another leg up
-this is a high potential trend reversal
-1st key sell area is at 650s
-stoploss level is placed under 500