After a detailed analysis of ONT, I am positive it would have an upward movement. ONT is about to hit its all-time low and based on the antecedents I am hopeful we will see an upward movement. This may not happen immediately, but a couple of weeks from now it would.
Smart traders should position themselves for these and hope for the best.
ONT 3 day chart:
This chart standing out to me, not only
is it reading strong Bullish Divergence,
its very close to breaking the Bull Market
Support Band...also the DeMark 9 read
a month ago that it may of hit bottom.
aslo on EXODUS DeFi Wallet, it yeilds 19.8%
which is alot! ill keep my eye on this, but looks
to be a great spot to start accumilating.
After the end of the previous cycle, the price of ONT returned to the main trading range of $0.30 - $0.65. At the moment the price is near the support level of $0.50
Price approach the lower border of the range - price level of $0.30 providing an opportunity to set medium-term and long-term purchases with good profit potential.
It is best to...
there is Broadening Wedges, Ascending pattern that the percentage of downward breakout is more that upward breakout,
for now u can take long by taking SL under support line...
Don't hesitate to ask me question ;)
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We've been seeing this 3 rising valleys a lot across the markets right now. Higher highs, higher lows, implying accumulation. ONT isnt as clear as some but holding above this inflection zone, would put us in a good place to run up to the next level. All of the market is obviously at the mercy of a bullish move from BTC as per usual, however, im in the camp that...
According to the last analysis and the last movement of the price at this time and now we can buy one step becasuse the price exactly done the correction and now its time to but and manage our position and wait until reach to the target that we shown on chart ( Green Box ).
Obeserve to capital management and dont forget use stop loss
If you have...
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Never risk more than you can afford to lose.
ONT reached to its first TP as was analysised a couple of days ago.
This is personal idea and I am not a financial adviser.
According to the chart and last analysis that we published all of the zone exactly done its duty and now at this time we are going to make new uptrend and we need more correction to have a nice R/r and then you can take position but check the chart in lower time frame and check, and take signal after that take position or buy in spot.
ONT is a coin I'm personally not invested in but noticed how bullish the chart look over the last few days. I was waiting on a $0.62 entry before I considered it. Fib extension from the last bull run might not to be of much use due to the high token inflation. But it definitely has the potential to break ATHs.
From my experience the market cap chart is more...
ONT on a long-term chart can be seen in a descending channel, where the middle line has worked well as resistance and support.
The yellow trendline has contained the move for almost a year, the upward break of this resistance could leave room to the upper edge of the descending channel, the first long-term TP