Since our last public post on Ontology (see chart below), Ontology has more then doubled in about a week time.
Previous post (19 April):
If we look at the ONT graph today, we see an amazing gain, especially compared to previous levels. Ever since March, we actually made over 500-600% gains. Even today, the price is spiking with a whopping 18% (and that's not even to the daily high at 0,0012 BTC. But how long can it last?
I placed my sell orders increasingly near the Fibonacci lines so that I could take some profit on this gem if it were to run as fast as it did. And I still have a small position for which I'm trying to get that 0,0012 BTC level.
However, if you are still in this position, I believe that fundamentally it remains an incredible gem with still a lot of growth potential. But the chart is trying to warn us now. You can see how we hit the first crucial resistance level in (1), and at the same day today the second one in (2). These resistance levels are very strong and can definitely cause the price to correct. Which would also be very healthy (after such a run up!!!). Be happy, don't forget to take at least some profit. And if you love this one, don't necessarily sell everything you got. (also note that the MACD and RSI are in the overbought areas)
Finally, if we zoom out to the daily graph, we could say that this is the finalizating of the fifth Elliot Wave, which would logically be followed by, say, an ABC correction figure.
In the meanwhile, definitely have a look at #TKY - this is a gem in the same NEO ecosystem, but still largely undervalued.
Note: this is my personal opinion, not formal investment advice - DYOR! :-)
Note 2: I love getting thumbs up, makes me feel like I'm helping the community and people are actually reading this free stuff ;-)
Previous post (19 April):
If we look at the ONT graph today, we see an amazing gain, especially compared to previous levels. Ever since March, we actually made over 500-600% gains. Even today, the price is spiking with a whopping 18% (and that's not even to the daily high at 0,0012 BTC. But how long can it last?
I placed my sell orders increasingly near the Fibonacci lines so that I could take some profit on this gem if it were to run as fast as it did. And I still have a small position for which I'm trying to get that 0,0012 BTC level.
However, if you are still in this position, I believe that fundamentally it remains an incredible gem with still a lot of growth potential. But the chart is trying to warn us now. You can see how we hit the first crucial resistance level in (1), and at the same day today the second one in (2). These resistance levels are very strong and can definitely cause the price to correct. Which would also be very healthy (after such a run up!!!). Be happy, don't forget to take at least some profit. And if you love this one, don't necessarily sell everything you got. (also note that the MACD and RSI are in the overbought areas)
Finally, if we zoom out to the daily graph, we could say that this is the finalizating of the fifth Elliot Wave, which would logically be followed by, say, an ABC correction figure.
In the meanwhile, definitely have a look at #TKY - this is a gem in the same NEO ecosystem, but still largely undervalued.
Note: this is my personal opinion, not formal investment advice - DYOR! :-)
Note 2: I love getting thumbs up, makes me feel like I'm helping the community and people are actually reading this free stuff ;-)
