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Ontology / TetherUS PERPETUAL CONTRACT

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ONTUSDT.P trade ideas

Ontology Bullish Divergence on Weekly Ontology Bullish divergence Weekly The volatility for Ontology is usually pretty good, so when I see a bullish divergence and other factors are more or less in line, I like to trade it. What I see here is a bullish divergence on the weekly and after that strong dump, due to BTC and the furious Bitmex liquidation cycles, I see that the EFI is definitely not diverging here. By the looks of it, I expect we will at least tick up to the EMA or the previous resistance, although that one is not tremendously strong, only 2 previous hits and it wasn’t trading in that zone for a long time. Daily On the Daily we see a pattern of higher highs and higher lows, we’ve just made a higher low so entering now could be good. I have some money reserved, to get add more later. I entered around 0,4060. The Stochastich RSI crossed again, and MACD-H looks like turning up again. The Stoploss has been placed on the Daily, when it breaks down that -3 ATR level, which equals 25% of that down wick during the heavy BTC dumping, it invalidates this setup. The targets are set at the +2 and +3 ATR levels of the weekly. We have to overcome that small restistance there around 0,51. As always, I will measure the strength of the uptrend and see if I get out earlier partially Entry 0.40xx Exit 0.797 Exit 0.897 Stoploss: 0.29 Risk Reward Ratio: R/R 1:4 R/R 1:5
Long
by Tornado_Trading
Ontology (ONT) - September 3Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to make sure we can get support at 0.7718. We must see if we can ascend above 0.8374 points. If you can climb above 0.8374 points and follow the uptrend line to above 0.8868 points, we think there is a possibility to rise above 1.0330 points. -------------------------------------------------- I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
by readCrypto
2
Ontology (ONT) - August 27Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it can rise above the uptrend line (2). You also need to see if you can ascend above 1.0330 points. If it falls, you need to see if you can get support at the uptrend line (1). -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
by readCrypto