This is the first investment purchase since the beginning of the fall of the crypto market.
The instrument has been accumulating for 5 months, volumes have decreased to a minimum, all sales at the 0.2 support level are being redeemed, the price is 0.2 historical minimum. The potential of the move is up to 0.4 and 0.6 in the next few months, in the long run 1 dollar.
Reasons to take short:
⭐️ BTC fell a lot, I expect a pulback
⭐️ Level and trendline are clean
⭐️ Trendline 3d long
⭐️ 4th touch
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
ONT 3 day chart:
This chart standing out to me, not only
is it reading strong Bullish Divergence,
its very close to breaking the Bull Market
Support Band...also the DeMark 9 read
a month ago that it may of hit bottom.
aslo on EXODUS DeFi Wallet, it yeilds 19.8%
which is alot! ill keep my eye on this, but looks
to be a great spot to start accumilating.
After the end of the previous cycle, the price of ONT returned to the main trading range of $0.30 - $0.65. At the moment the price is near the support level of $0.50
Price approach the lower border of the range - price level of $0.30 providing an opportunity to set medium-term and long-term purchases with good profit potential.
It is best to...
According to the last analysis and the last movement of the price at this time and now we can buy one step becasuse the price exactly done the correction and now its time to but and manage our position and wait until reach to the target that we shown on chart ( Green Box ).
Obeserve to capital management and dont forget use stop loss
If you have...
Let's see how ONT is behaving.
This is a 4H chart. (Mid Term)
ONT is pumping. The strongest local resistance has passed, and we're waiting for breakout confirmations to open long positions.
Watch out for those resistance levels.
Support levels: 0.6
Resistance Area: 0.6790
Bollinger Bands can work as support and resistance too. Here is an example:
The buying power has reappeared when ONT fluctuates around $0.5 zone, this is a good condition for ONT to rally strongly to $0.6 and $0.75 in the near future. However, ONT still has a risk as it can still fall sharply in the future to below $0.4 zone
♻️Condition : If 1-Day closes ABOVE 0.5$ zone
🔴Buy : 0.5
🔴Sell : 0.6 - 0.75