ONTBTC trade ideas
Ontology how to trade! Easy game here!1 Line
I am buying the breakout in blue line to sell in the other blue line.
Why?
Indicators are extemely bullish (All oversold and MACD reversing), we are in a reversal area, the risk reward is huge and etc...
Not gonna say anymore than that. Charts speaks for itself.
Ontology might confirm its down trend for a third timeOntology took a hard hit lately, which comes as no surprise considering the overall market conditions. But while its price action is on a steady decline, we can see a downwards trend with two clear confirmation points forming. I was wondering if we might see a third confirmation point within the next up-cycle. The price sits at 0.0005 as of writing, and in case the price would follow its trend, it might rise up to 0.0007 pretty quickly. Ontology is one of my favourites in 2018 and regardless of its current price action and I am pretty bullish on this network. Let me know what you think.
Ontology - ABC CorrectionOntology had a very nice rally to the upside and is one of the most hyped and popular cryto projects right now. However it failed to break the resistance trendline at around 12.6 K Sats and people are taking their profits.
The price is due for a healthy ABC correction and will probably go down to the 0.618 or 0.786 fib level.
- Happy trading -
ONTBTC - Divergence, expect to reach the fast EMA short termONTBTC
A good Bullish Divergence on MACD-H, also on EFI
Support seems to have formed on the 1H chart, reversal is expected
False breakout, price moving possibly moving up now.
Entry 0.00005230
Target 0.00005319
Stop Loss 0.00005180
R/R ratio: 1:1.8
Note:
We will check out the strength during the trade to see if we stick around to see if it will reacht the slow EMA, to have way more profit. But in this bearish market, I tend to get out with maybe less profit, as there is not much strength currently, and waiting too long you'll see yourself to get out break even
ONT/BTC Good times coming soonWe are getting close to the final of the correction, so it would be a good time to add some positions.
The chart is showing bullish signs.
It is not intented on being financial advices, not even close. I just warming up my trading skills here but if it helps someone in their own analysis, it will make me happy.
Regards
Dollar Cost Average your ONT.Hello my fellow Coco Jambo's!
Remember the post regarding ONT?
ONT almost went to the moon and was unstoppable, but we never buy tops! We need a historical chart to predict future outcomes.
ONT followed my Coco Lines exactly like i wanted to and I just love it when a plan works out!
MacD isn't showing a reversal yet, so we could go down further.
Goodluck trading!
ONT: UPDATEHi everyone,
Update on ONT. We've entered the trade at the green box posted up last week. Its still a tad early in my opinion. Better confirmation would be seeing this daily candle close as a bullish spinning top or hammer for a reversal, which looks like it may be doing right now. I would also like to see some upticking on the MACD histogram followed by a nice golden cross. Take what you can get!
ONT: Oversold on the daily. Reversal soon? Hello hello! Alt season again? ONT has broken into oversold on the daily chart. In its current spot, it's find a bit of support with confluence, and is showing a "9" on the TD sequential. I'm not entirely convinced yet, especially if BTC takes another dip. If we don't reverse here, I'll be looking at the green box for a reversal. Could provide some very nice returns if it gets its momentum back!