RSI rose to 75 and got rejected, but volume and MACD look promising. Two (hopefully obvious) outcomes I'm projecting... Best case... Breaks through the top of the parallel channel. Worst case... Consolidation and retrace down to $3.60 to $3.80 range. ~J.Crypto~
ZRX has been riding steady in this channel for about 5 days now. Sure it's a fairly large window between $1.29 and $1.70, but it's starting to tighten. As the 200 MA continues to rise, so do the chances of a move above the parallel channel.VPVR showing support at $1.47. RSI keeping steady below 60. MACD has been steady and is shaping up for positive...
ONT has had a strong 48(ish) hours! As we can see above, ONT flirted with the 38.2% level for a few days and getting shot down repeatedly until the Bears got tired and Bulls took charge. It was all Bulls from there, with two bull flags helping the price run up to the 50% Fib level!! ONT made it's first run around this time yesterday, and as we can see was...
ONT is currently fighting the 38.2% FIB level and it's looking like it's about to break! I really like the fact that the bulls have control of the moving averages as support, and the 12MA just crossed through the 26MA bullish. If we can get above this price level, the bulls will then fight again in a wide range zone between the 38.2% and 50%. Current resistance:...
SURPRISE!! Bears in full control. Took a lot of time today trying to find SOMETHING positive for ONT, but came up empty. RSI levels are VERY LOW... but RSI isn't the best indicator as of late. If you read my post earlier, we broke the 1.75-.176 support... and now going to test out 1.70. Let's hope the bears are tired and the bulls can come out swining...
Ontology, just as the rest of the market, has been flirting with some dangerous levels as of late! As I noted in previous posts, ONT has a wedge set up and was getting close to a break. UNFORTUNATELY we have seen a break bearish after testing and rejecting the top wedge line and we are not at some very dangerous levels. ONT is currently flirting with the...
No surprise here! Same thing we have been seeing over the last week or so! Bulls gain some momentum, break the 12MA and get SHUTDOWN when attempting the break the 26MA. Although the longer this goes on, the tighter the difference between the two will have to become and that's when we need the bulls to strike! Pay attention to these trend lines! The bears and...
ONT saw almost 12 hours pass before the inside bar finally broke bearish. Higher lower patter broke, and we are in full bear mode right now. Bulls continue to lose the moving averages as support. If you look back before the last bear break, the bulls were coming in HOT with volume to keep the moving averages as support. Eventually their steem ran out and now the...
ONT lost the higher low on the 1HR overnight, so we are zoomed out to the 4HR. The bulls have a lot of room here to be able to set a higher low (>1.779), and it looks like we should set it here. If the higher low is set, the bulls will look to break to a higher higher (>2.16) before setting another higher low and then another higher high to regain bull...
Pushing the pennant! Bull pennant? WE SHALL SEE! ONT J-DOT-CRYPTO Callin it like I see it
Pendant, equilbrium patter, bear/bull flag. Whatever you want to call it, it's setting up. Constant resistance on the moving averages! Decreasing volume from bar to bar. STRAP IN! J-DOT-CRYPTO Callin' it like I see it
ONT just lost broke the higher low on the 15 minute which caused a lower high to be set. Hit the reset button for the bulls! Looking for a higher high, higher low, higher high, higher low on the 1HR again! Interesting set up on the 4HR currently! Inside bar, 1.977 to break bullish, 1.908 to break bearish! Set up looks like it would favor a bullish break, but...
Check the Idea I just posted for my zoom out to the 1HR breakdown! J-DOT-CRYPTO Call it like I see it
ONT BREAKING THE 26MA ON THE 1HR! WATCH CLOSELY TO WATCH IT PLAY OUT! Need a higher higher (>1.99) and then a higher lower (>1.906) to gain bull momentum! Then we will focus and watch for a tighening equilbrium pattern to form and watch for the same thing to happen (higher higher, higher low, higher high, higher low) on the 4HR timeframe! J-DOT-CRYTO Call it...
ONT bulls come out swinging today and we are zoomed out to the 1HR! As you can see, they are currently holding the 12 Moving Average as support and trying to break the 26 Moving Average before a run at the 100MA! MACD is bullish and separating shaping into a quite bullish set up! We have have a higher low formed, and the bulls will now look to break to a high...
ONT broke through the 12MA when it broke bullish on the 15 minute chart! As you can see above, it is current trying to regain the 26MA as support! I would love to see it smash through it here, but I would anticipate a failed attempt and healthy retrace. If we retrace, the bulls will fight to keep the 12MA as support regroup and try again! 2.00 will be a big...
ONT zone got VERY tight overnight allowing us to zoom all the way into the 15 min chart to follow. As you can see it became tighter and tighter until it came time to test the 12MA and 26MA. Previous attempts have broke bullish on this time frame, but the bears finally tired out and the bulls take over the 15 minute time frame. Breaking the the 12MA and the 26MA...
As we have seen as of late, the ONT bulls have been holding the 100MA as major support on the 4HR chart. Once the uptrend line from the bull wedge broke, so did each of the MA's as support on ALL time frames. And the bears are dancing. I don't think the bulls are done yet, this is just a price correction and what goes up must come down. Healthy consolidation,...