Ontology on binance has formed this awesome pattern. Without too much price history your at the mercy of the pattern. it seems to be a bullish symmetrical triangle. either way set your alerts and when they go off be ready to go long or short. This coin has seen a lot of downside since its intro on binance to the usdtether. i wouldnt be surprised to see the bulls...
Bollinger is getting tighter, very close to break out, I am a permabull but this chart is bullish to me.
2.217 is a critical resistance hope it breaks that area soon.
Pennant is still active.
Keeping a close eye on volume!
Happy trading everyone! Be safe =)
I will buy at confirmation after around $2.453.
If you wanna have more profit you can buy now but its risky and stop loss is definetely needed!
If everything goes by the rules the Target is shown on the chart...
DYOR, safe trading =)
Due to crypto being high volatility, I have mapped out a couple patterns price action is likely to follow (opinion), but the sentiment is the same on both triangles.
What we are looking at here is price being squashed down to a point with bearish tones on the break.
-Declining volume
-Declining rsi, however, let's note that at time of publishing it is...
ONTUSDT | 30M | Heikin Ashi Candles | 4% profit
Hey everyone, The last 3 mondays I have ran away from the reoccurring blood bath called bloody Monday. Yesterday, I decided to take into action and launch an all out assault on ONT. I chose ONT because it crashed over 13% down. Also, I remember from last week that ONT was the biggest gainer when BTC reversed....
This is my first stab at this, I mainly want to present how I see the charts, and would love to get feedback as well.
Looking at the daily I've marked three significant levels.
- If price action pushes above the 2.93 level I will consider a daily trade with hopes of reaching to the 4.11 level.
- If price falls below the 1.70 level I will hunt for an...
ONT riding the blue Moving Average but be careful. ONT has been beasting all day. When it fails to follow the blue, it'll dump down to the Pink moving average for support but as of now, trade the trend. Enter on the 2nd bull candle and exit the 1st or 2nd red candle with stop loss under the first green candle as shown. Lets see if we can profit.
if price pulls back from neck line, stop above middle band and aroud 1.317 area, it is good for the bull.
Plan1:
stop buy: 1.550
target: 2.00 area
stoploss: precious 4H higher low before the breakout
plan2:
buy around middle band area if it holds around 1.30
stoploss: recently higher low
