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A large symmetrical triangle has formed around the entire history of price action on ONTUSD
The bullish nature is emphasized by the indicator I have used which shows the apparent repeating move, which will push price out of the triangle and to new highs
Great buy based on TA
ONT broke above the resistance and on pullback bounced off the mid trendline of the ascending channel. Ontology is expected to start a rally, especially since we have a new Fibonacci cycle just started. All-in-all, the risk/reward is exceptional, and definitely worth the try from my perspective.
One month ago I made the post with the Ontology trading plan (check the article linked into description). I almost caught the bottom and bought ONT at $0.79. If you bought with me, massive congratulations - you are in 40% profit.
What is next with ONT? The price broke the previous high, which means that $1.51 (1 Fib level for the previous...
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- Ontology ONT Rank #100 Coin
- On the chart we can see a descending channel, which is broken by the bulls
- We have a retest of the channel with success.
- Profit target is 1.618 FIB
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see...
ONT has established a double bottom in the daily frame. All is just preparation for the way back to the old peak.
I am waiting for a real boom after the pattern is formed.
First target: 1.7$.
And I will continue to update the next target after ONT reaches this price.
The ONT chain also helps negate transaction network fees by generating and distributing free Ontology Gas (ONG) to ONT holders based on their holdings.
stakes ONT and you will get ONG
Ontology further provides additional features such as smart contracts, cryptographic identity proofs (ONT ID) and tokenized data (DDXF) that can seamlessly be transferred between...
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Everything on the chart.
open pos: market
target: 1.3 - 1.5 - 1.8
after first target reached move ur stop to breakeven
stop: ~0.7(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
Good luck everyone!
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(ONTUSD 1W Chart) - Mid-Long-Term Perspective
Above 1.10565394 point: expected to continue uptrend
Support section: 0.85048643-1.09490233