SURPRISE!!
Bears in full control. Took a lot of time today trying to find SOMETHING positive for ONT, but came up empty.
RSI levels are VERY LOW... but RSI isn't the best indicator as of late. If you read my post earlier, we broke the 1.75-.176 support... and now going to test out 1.70.
Let's hope the bears are tired and the bulls can come out swining...
Ontology, just as the rest of the market, has been flirting with some dangerous levels as of late! As I noted in previous posts, ONT has a wedge set up and was getting close to a break.
UNFORTUNATELY we have seen a break bearish after testing and rejecting the top wedge line and we are not at some very dangerous levels. ONT is currently flirting with the...
We can take the descending line as a upper limit channel ( now it is at 2.15$).As for lower limit we have unfortunately the price at we are .. 1.8$ ... fight will be next ... over 2.15 or under 1.8$ .. hope it stays over 1.8$ , but this will depend of course of BTC movements. Actually whole market is depending on BTC :) .. go BTC
Pendant, equilbrium patter, bear/bull flag. Whatever you want to call it, it's setting up.
Constant resistance on the moving averages!
Decreasing volume from bar to bar.
STRAP IN!
J-DOT-CRYPTO
Callin' it like I see it
ONT broke through the 12MA when it broke bullish on the 15 minute chart! As you can see above, it is current trying to regain the 26MA as support! I would love to see it smash through it here, but I would anticipate a failed attempt and healthy retrace.
If we retrace, the bulls will fight to keep the 12MA as support regroup and try again!
2.00 will be a big...
ONT zone got VERY tight overnight allowing us to zoom all the way into the 15 min chart to follow. As you can see it became tighter and tighter until it came time to test the 12MA and 26MA.
Previous attempts have broke bullish on this time frame, but the bears finally tired out and the bulls take over the 15 minute time frame. Breaking the the 12MA and the 26MA...
As we have seen as of late, the ONT bulls have been holding the 100MA as major support on the 4HR chart.
Once the uptrend line from the bull wedge broke, so did each of the MA's as support on ALL time frames. And the bears are dancing.
I don't think the bulls are done yet, this is just a price correction and what goes up must come down. Healthy consolidation,...
ONT continued to post lower lows throughout the day. Current showing a price of 1.975, and looking to set a new lower low.
Will continue to watch on the short term time frames to see if we can break to a higher high, higher low, higher high, and higher low before we zoom out to the 1HR.
Just when Twitter was covered in #AltSZN tweets, Bitcoin throws a dagger...
If we're to backtest TrendMaster.
Since we're still in a bearish market sentiment (price under Kumo), we'll take a Conservative stop approach (will trail to the next candle's open upon confirmation).
1-On the eve of the Ontology MainNet launch event in Tokyo on August 25th, Ontology will be hosting a closed event in which 50+ corporates in Japan will gather to learn about how Ontology’s public chain infrastructure can help their respective industries.
2- Socrates Q3 2018 Due by September 30, 2018
3- i love Ontology :)
ONT has been falling since January. The volume has also been very weak but these days we can see a big change.
Moving Averages crossed the lines which indicate bullish signals.
Enter price:
1) 0,00032
Exit price:
1) 0,00052
2) 0,00070
3) 0,00086
