Go ahead🔥Hey, folks🔥
There is one more consolidation zone for today.
There is Symmetrical Triangle formation on ONT/USDT crypto pair.
The price had bullish sentiment before consolidation.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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Ontusdt
ONTUSDT Navigating through bear market pricesBINANCE:ONTUSDT
As other coins provide profits it is always inteligent to cash out some and reinvest others.
On that second point, i came across ONTUSDT. I find pretty interesting that an active project has fallen behind in terms of market cap and when looking at its prices (both USDT and BTC pairs) It is one of the fews that hasn't top ATH and recently broke out from it's bottom consolidation.
I find it pretty attractive to buy small quantities on each pullback to the previous supply zones as we navigate through them, as long as tha uptrend continues in high timeframes.
Ofcourse this is not financial advise, I just use this to clear my thoughts... It is great when it seems you have find yourself a good hedge, but, with the high risk associated to this markets... positions must be in line so the portfolio doesn't break down (We are trading not betting! xD)
Stay humble enjoy the journey!
ontusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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ONT/USDTTrading suggestions :
When TRX/USDT was at the price of 0.05, it had a chart similar to this chart, but I did not publish it because it had a high risk, and I only buy it for investment, but this time, although this risk analysis has a high loss, I will publish it and ask you to be patient to reach the set Targets.
Technical analysis:
This is a long-term analysis, so please enter the low steps and the uptrend will continue until the orange trend line is broken.
If you want to buy in short term set your stop loss below the yellow trend .
Drop some feedback below in the comment!
Thanks for your attention 🙏!
Trade well, ❤️
ONTUSDT (Resistance breakout #ONTUSDT (1H CHART) Technical Analysis Update
Resistance Breakout
ONT/USDT currently trading at $1.94
Buy-level: $1.87 -$1.95
Stop loss: Below $1.78
Target 1: $2.10
Target 2: $2.25
Target 3: $2.35
Target 4: $2.50
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ONT can be one of the best coins in this bullrun.ONT is very good project, this coin is on our long-term list. We accumulated huge bag for long term but this coin also looks good in short term. If you are hodler of ONT you can use staking (for example on exodus wallet) and earn free ONG just for holding ONT there.
If you want to know our golden list of altcoins for this bullrun and play with us on short term signals feel free to join us on our website!
ONTUSDT buy opportunity? 👀Hello Traders, Hope everything is going well .
Today I want to share my thoughts on ONT. About 50 days ago, ONT broke out of the descending line ( yellow line ) and made a pullback to it and that was
a perfect buy opportunity ( 121% growth ). What now?
As you can see, ONT was moving in a triangle and has managed to break out of it so by the rules of triangles, the first target is around 2.22$ and 2nd is 2.88$.
But there is a static resistance in the way of ONT ( purple range ).
So in my opinion, if you are a risky person, you can buy it here with a stop loss of 1.4$ but if you want to buy it safe, then you can buy it when
it breaks the resistance and consolidates above the purple range or in the pullbacks to the purple range.
Long term target could be the ATH 8.5$? 👀
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on ONT. ✌