Ontology (ONT/BTC) + BTC/ETH/LTC Technical Analysis!

in #cryptocurrency6 years ago (edited)


Youtube:


ONT Update.png

ONT W.png

Weekly

Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bears. Temporary support found at 2500, will watch smaller timeframe for entry. Last time we were at this price we were in the middle of our bull run.

ONT D.png

Daily

Shifting over to our pattern timeframe we see price forming a descending wedge pattern from August 15th to today. Expecting a continuation towards the downside with the following breakout. A daily close above 2700 activates our trade towards the upside, otherwise expecting a drop towards 2000.

Link To Chart

Conclusion

  • Buy: After Daily Close Above 2700
  • Sell: Nooo

Steemit_Ending.gif

Comment Down below what coin you want me to do next! ;)

Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday

Social Media:
Twitter
Instagram
InvestFeed
Tradingview

Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only

Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.


▶️ DTube
▶️ IPFS