Hey guys spotted this downtrend channel where ONGBTC had been trading it breakout and resulted into huge accumulation.
The expectation here is a good rally up.
We should focus on our accumulation zone to pick some bags.
Ontology ONT and Ontology Gas ONG
Ontology uses a dual token model. ONT is a coin and can be used for staking in consensus, whereas ONG is a utility token used for on-chain services. ONT releases ONG periodically.
Why buy the cow to get the milk when you buy the cow (Ontology) and the milk (ONG)
Explained by technical analysis on the graph.
157,770,000 ONG in...
ThunderLight spike value was above 3: very strong buy signal.
Buy : 5638, 5467
Sell : 6359, 6751, 7251
StopLoss : -5%
Disclaimer: This is not an investment/financial advice, Trade at your own risk. Always do your own research.
ONG is starting to gain bullish momentum on both BTC and USDT charts. My analysis of this 4 hr. chart shows that ONG is ready to move towards the previous price cluster near B. 00008 which is approximately 50% from current levels. It seems to me that a bull-cross will most likely take place over the next few weeks. I'm expecting ONG to begin trending profitably...
$ONG Looks like an ascending triangle near ATL BTC values with massive upside potential...
UCTS Buy signal flashing on the daily...
Volume has been growing substantially over the last days..
Make sure to set up some alerts for once this starts going up...
ONG has decreased a lot and now it seems that the accumulation is sufficient and ready to fly
Buyzone : Buy as close to 5000 as possible
Recommend Sellzone : 8700 and 11500. Don't lose your profit
Stoploss if price is lower than 4900
ONG has been weaker than the rest of alts with some interesting bull signals forming. RSI bull divergence in the making, wait for RSI to cross oversold, reversal candlestick formation, MACD bullish cross in the making.
Overall a good risk to reward trade with buys at 0.79.
Low risk trade. Keep in mind choppy volumes.
Welcome to this updated analysis on ONGBTC Let's get right to it!
If this bullish roll in, maybe ONGBTC will break resistance and reach 0.00011872 bullish flag projection.
A breakout above the trend line would cause ONGBTC to rally to about 104%
The volume is also signaling more upside.