jreilly1310

jreilly1310

ONT continued to post lower lows throughout the day. Current showing a price of 1.975, and looking to set a new lower low. Will continue to watch on the short term time frames to see if we can break to a higher high, higher low, higher high, and higher low before we zoom out to the 1HR. Just when Twitter was covered in #AltSZN tweets, Bitcoin throws a dagger...

jreilly1310 Updated 

Ontology suffered a dagger this morning along with the rest of the crypto market. The 4HR inside bar broke, and broke through the (red) uptrend line with it. Now we are looking to hold the current inside bar, and a bearish break would likely result in another major leg down. Support 2.00 (Psychological) 1.93 (not major) 1.78 (major) Set a tight stop loss, and...

jreilly1310

J DOT CRYPTO keeping you updated on the ONT-ology. Looking to set a higher higher on the 15 min chart to confirm bullish on (very) short time frame. All movement today has been confirmed bearish. Last attempt like this failed, new lower low set and now attempting higher high. We want double higher highs, and higher lows. Once that confirms we zoom out to the...

jreilly1310

$ONT NEEDS to set a higher low here. Breaking the current low (2.06) would mean another leg down. RSI levels are working in the bulls favor, but with the market sentiment this morning traders are going to play it safe.