ONG looks to have had two impulses pushing down.
Red Impulse/Ripples are primary in importance it seems.
But the Blue Ripples are showing their relevance as well.
Thus I am looking for ''Confluence of 2" for signs of direction.
Breakout of current tight band is trade-able, offering very tight SL.
I am hoping for one band lower in .51-.52 area for a longer term...
The MacD was looking like things were turning around. 9 and 20 EMAs sloping up, nearly crossing too. Let's hope for the best. I find many of these BInance USDT pairs with low volume to be less volatile and they seem to trade around a 10% range for a lot of them . I'm hoping less volatility means I can be more generous with my stops.
Market seems to be turning...
ONGUSDT is out of the falling wedge. Looks like a great potential, low risk high reward setup.
Target: 0.88 (A golden pocket retracement area , .618 fib)
NOTE: Just curious, not an advice to follow. DYOR
Ahh good times. Letting my long fall ~15%.
Then I saw overnight these flash pumps, briefly hitting where I bought in, which would have nullified my huge losses. Naturally I hadn't set anything up. Today I thought I better set it up otherwise it might slip back under and keep going.
Almost as soon as it hit my target. for a .2% profit - .15% fees there is a...
it seames that MA100 and MA50 are acting as supports and the token is trading above this lines. a higher high happens and all MA20,50,100 are crossing
so i think a reversal is going to form in price and maybe the 0.68 is a good target
let me know if you are agree
ONG again in Falling wedge in support area in 4HR timeframe with bullish divergence. Could be a good setup (if bear flag of btc doesn't play out)
Note: Not a financial advice, DYOR. Good luck guys