Hello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are setting Buy limit in ONT at key reversal line and there is also a strong support which is another bonus point.
ONT BUY limit 0.1773
Stoploss 0.1744(-1.64%)
Target 1, 0.1806(+1.88%)
Final Target 0.1848(+4.2%)
Don't forget to hit the like button and follow to stay connected
YELLOW LINE ENTERY
GREEN LINE TARGET
RED LINE STOP LOSS
Jun 23
Hello dear trader, After the previous analysis, this scenario is possible
as you can see in the chart, everything is clear, I mean supply and demand areas, so you can make a better decision.
But I must say it has done well in recent crashes
ONT is today's low-hanging fruit, +14% in 4 hours by every logic it's overheating and must retrace, even a little bit.
Disregard the ascending channel, it's for dramatic flare.
I'd like to see a decisive rejection of S/R 4 hour channel (~0.5690), then I'll consider a short, with a generous stoploss.
Target #1 = 0.5295
Target #2 = 0.5158
Target #3 = 0.5072 to...
in 1 Hour time Frame
-All points are marked in the chart
-The bearish is clear
-Determining the entry point based on the break of the trend line in the RSI indicatore.
-There is a Hidden Divergence Bearish ( RSI Indicator).
-A support area is also seen in the RSI Indicator.
*Targets:
Due to the market turmoil, several targets have been indentified and...
Certainly, a lot of questions if crypto market bottomed out at this point. From my perspective, this is the bottom, as long as stop loss is not tested.
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.
BINANCE:ONTUSDTPERP
The 38.2% Fibo-Channel range is a good support and can be trusted and managed to position up to the specified targets. The SL should be logical.
The price on the ONT chart is squeezing towards the key level of $1.14. In the event of a breakdown, there could be a good buying opportunity. In the event of a false breakdown, close the position.
Targets marked above!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment,...
BINANCE
