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Ontology, ONT/BTC - The Start of Another Impulse Wave?Ontology, ONT/BTC has been an absolute beast since it was launched on the exchanges, especially since it got on Binance. Easily one of the best performing coins of the last weeks/months and little to no signs of stopping yet. If you took the trade we've previously covered on Ontology about 2 weeks ago, you could have made almost 2x in less than 2 weeks! So let's take another look at this interesting and very profitable coin shall we, but now from a more Elliot Wave theory perspective. Analyses - After the ATH, ONT/BTC retraced quite a bit, almost at the .5 fib retracement level around 8500 sats. This retracement looks to have finished the corrective wave pattern A-C. - From there it managed to bounce back which will likely be the start of another impulse wave 1 - 5. And as I pointed out, it looks like we already have the 1 and 2 wave set, and are at the beginning of a wave 3. - Not only that but Ontology, ONT/BTC is also trying to break out of a (big) bull flag pattern, indicated with the purple (trend)lines. So with this in mind, if you look to swing trade Ontology, ONT/BTC then this is how you can do it: Trade Instructions Buy Area 0.0009500 - 0.0010500 Profit Target 1. 0.0011697 2. 0.0012647 3. 0.0013598 4. 0.0014952 Note: Don't forget to take some profits along the way. This will give you peace of mind and patient so you can ride it out longer and also reinvest/trade your profits quicker and make even more. Stop Loss 0.0008990 Remember, you can use larger stop or no stop at all if you believe in this coin for the mid-long term. But invest accordingly and use an amount you're willing or can afford to lose. Leave a comment if you have any questions or concerns. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading!
Long
by Trade_Masters
4
Ontology in an Ascending Triangle Bullish Pattern.Hey, I am back with another Technical Analysis, this time looking at Ontology, which is acting the whole time on market really strong, huge runups quick consolidations. Last time I posted Ontology in Falling wedge , it had breakout only about 15% in the reason of bitcoin fall due to fact that Bitcoin wasnt able break 10k at first try . There were more times that I have posted some price action on Ontology that is about to do, and they all went perfect, I ve even posted a free signal buy opportunity at 4,700 :). Moving on. Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. That was in short about Ontology, lets take a look at the chart. Lots of pattern can be seen, Penant, Falling Wedge and currently an Ascending Triangle. The Previous two has led to breakout so it could third time as well.. what else to say.. Yes there is strong support zone at 9,000 - 8700. I see ONT falling to these zone only if Bitcoin will see major selloff otherwise is not likely. Last thing for me is to look at the Indicators and what have they said to me? MACD - Was expecting sellers to come but havent arrived and currently it looks like they are dissapearing again and buyers are incoming.. about to gave buy signal if the trend line will be follown. RSI - Bounced off its support level, heading to break the bullish level. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
6
Ontology Ready for Another Breakout from a Descending Wedge.Hey, I am back with another Technical Analysis, this taking lookg again at ONT a s its acting really strong ! Last time I ve posted Ontology in a Pennant Breakout Pattern, which broke right after publishing, link down below in Related Ideas. Moving on. Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. That was in short about Ontology. Taking look at the chart. There is a descending Wedge bullish pattern that has been drawn. Seems like its croosing downtrend line and about to break, good volume, but still can be denied. Taking look at Indicators. MACD gives buy signal with strong buy volume for that short period. RS I is at the bullish levels, bounce from 55 would be Ideal. Good buying Volume. think thats about it. Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
9
ONT ready to deliver a 50% to you.Hello friends, welcome to this analysis on ONT. ONT is a really good project and it's favorable in the crypto land at the moment and you can see a lot of people are talking about it so you can expect some more upside from it. As you can see in The chart ONT has cooled down after a massive run and it has formed a falling wedge. the target of the falling wedge is gonna be around 7.3k sats. you can see that the price action is up trending inside the triangle and is getting ready to break up. As a trader, you wanna wait and identify the breakout and then buy the breakout. remember the break-out must have good volume and you should wait for the candle to close for confirmation. However, if you look at the RSI in 4-hour chart you can see that it has pulled off from the oversold area and is up trending to the upside which is giving me some confidence that we gonna see a break to the upside. I'll update this post if I see the breakout. Good luck trading. ;)
by Trader_Shayan
1