ONT
ONTOLOGY: HEALTHCARE PARTNERSHIP & DID ADDITION - PROFIT=98.84%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 98.84% PROFIT!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT 37.84% 37.84% -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA -0.88% with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 mill CNY -0.14% -0.70% .
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT 1.60% -1.90% a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 0.00% 0.00% 0.00% technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT 0.00% 0.00% and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
June 10: Ontology announces token swap in conjunction with mainnet launch.
June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. CarBlock will use data to tap into the one trillion US dollar -0.50% -0.48% -0.06% automobile market and create a brand new smart transport ecosystem.
June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content, building a new global decentralized digital content ecosystem (distributed infrastructure with video applications and people).
June 25: Onchain wins the Microsoft 0.78% -0.06% Accelerator Shanghai Graduation Award.
June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
July 11: Ontology Enters Gaming Industry with Partnership with Cocos. Cocos has 1.1 million registered developers around the globe and 300,000 monthly active developers across 200 countries and regions. Games developed on the Cocos engine cover all game types on the market, which accounts for 30% of global market shares and 45% of Chinese market shares.
July 12: Ontology Adds IdentityMind Global to its Partner’s List to Perform Know Your Customer.
July 17: Ontology announces its cooperation with CertiK, a well-known American formal verification company. Both parties will work together in formal verification and enhance the security and reliability of smart contract and blockchain systems.
]July 27: Binance completes Ontology mainnet swap.
July 31: CoinMex lists Ontology.
August 2: Ontology, formally announces their strategic cooperation with Adrealm, an open ecosystem network for digital advertising.
August 9: OWallet, Ontology’s official desktop wallet, has been officially released, including Ledger support.
August 15: Spuul, Movie Platform with 60 Million Users plans to build new dApp Spokkz on Ontology
(NEW) August 21: Ontology Cooperation with Healthcare Public Chain ALLIVE to Create Smart Healthcare Ecosystem.
(NEW) August 22: Ontology uses Cryptography Experts NCC Group to Review its Blockchain Infrastructure.
(NEW) August 22: Ontology Decentralized Identifier (DID) Formally Added to the W3C-CCG DID Method Registry
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
$ONT, Wait For It…
Daily
Looking at our trend timeframe we see price is currently respecting our downtrend line, stochastic rsi showing momentum in favor bulls. However we are at a current pause right now and should expect some retracement. Expecting ONT to for a double bottom at our 2000 level, however if we get a daily close above 3500 expect ONT to push towards 5000.
Bearish Disposition Due to crypto being high volatility, I have mapped out a couple patterns price action is likely to follow (opinion), but the sentiment is the same on both triangles.
What we are looking at here is price being squashed down to a point with bearish tones on the break.
-Declining volume
-Declining rsi, however, let's note that at time of publishing it is testing resistance
I am usually a neutral kind of guy, only looking for patterns and waiting for breakout confirmations to trade. That said, my feeling right now is that we are due for some more downside based on price action and volume trends.
I will be waiting to trade until I see an oversold condition, or, a trend breakout to the upside on price, volume, and rsi. Let's remember these markets sometimes just have minds of their own, and we have been in a long bear market that is still the current sentiment people are embracing. Much caution. Such risk.
ALTS BIG PICTURE ANALYSIS/ZRX prove of 5 wavesThe longitudinal wave on Stoch is suggesting that we´re accelerating with the cycle marking the sprinboard for a very big move of ZRX in line with the timing of 8.6-month PI-Cycle of BTC beginning September(I calculated 3rd September 2018).
Currently we have only 50% retracement/profit taking of the initial up move, so we are technically still short-term bullish and just a dip! If we fall below 55% retracement, that´s a bad sign. We´re still in the game.
I´m also excited on the possibility of a 1-2-3-4-5 Elliott Wave on most alts. If we follow ZRX, we are now in Wave 2 and with the accelerating Stoch cycle we have confluence of a shortening of cycles in time, and if ONT is 5 Waves, we definitely could see $5.5 ONT. BTC is then reaching the 8.6.-month PI-cycle and, ONT is pulling back halfways and then decides if it wants to crash or make a new ATH depending on BTCs decision to break out, or break down.
Ontology had to confirm the down trend at some timeBut we should not trust it, since it only confirms the down trend. Still it has been a huge opportunity in this low markets. Actually, these are the chances one can take in a bearish cycle. Especially the ones who don't like the shorting gamble. But markets shall continue to fall, therefor I see Ontology coming down again, too. But strong support is close by and I wouldn't be surprised if we see another strong move up sometime soon, even if it is only to confirm its down trend for another time.
Two scenarios
This is my first stab at this, I mainly want to present how I see the charts, and would love to get feedback as well.
Looking at the daily I've marked three significant levels.
- If price action pushes above the 2.93 level I will consider a daily trade with hopes of reaching to the 4.11 level.
- If price falls below the 1.70 level I will hunt for an oversold bounce attempt. Aiming for low 20s or teens on daily rsi levels.
- Looking at the 4 hour I've assumed a bear flag and marked a measured move to the downside, possible point for oversold bounce attempt around 1.30-1.40, use 4 hour rsi as indicator, aiming for low 20s. If you do attemt an oversold bounce at this level, please be aware that this measured move could penetrate the lower support level and may dump very quickly. This would be a very high risk trade.
- Another scenario is price will follow the yellow channel to new highs, until it doesn't. Use the channel as support and resistance.
ONTOLOGY: MARKET RECOVERY & PARTNERSHIPS - PROFIT = 139.29% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this b uy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 139.29% PROFIT!
The increase in price may also be explained by positive developments including:
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT 37.84% -13.16% protocols.
May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.
May 24: Following the signing of the MoU, the Ontology Foundation and NEO Foundation have announced to co-fund a Joint Task Force with a total capital contribution of 4 mill CNY -0.70% .
May 25: Ontology Announces the Economic Model Design of the Triones Consensus System. Based on the Triones Consensus System, the Ontology team uses: 1. ONT -1.90% a cryptocurrency coin of main chain services & ONG a utility token of main chain operations.
May 29: Ontology establishes Strategic Partnership with COT ( IoT 0.00% 0.00% technology strategic partner.). Under Ontology’s strategy, Ontology and COT will co-build a platform combining Ontology’s chain network model and COT’s IoT 0.00% and intelligent hardware.
June 4: Ontology Launches Ecosystem Accelerator Program (Ontology Olympus Accelerator). The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups.
June 5: Ontology and PTS Announce Strategic Partnership to Build a Blockchain-Based Credit Data Exchange and Financial Services to Empower Real Economy.
June 6: Ontology announces the first batch of the Ontology Advisors Group (OAG). The advisors will provide a full range of strategic and industry consultancy for the Ontology ecosystem.
June 10: Ontology announces token swap in conjunction with mainnet launch.
June 12: Ontology Enters the Automobile Industry with CarBlock Partnership. CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. CarBlock will use data to tap into the one trillion US dollar -0.48% -0.06% automobile market and create a brand new smart transport ecosystem.
June 14: Ontology successfully switched to VBFT on Tuesday. Performance tests are showing tps of more than 5,000 without parallel processing, sharding, or FPGA.
June 19: Ontology and Contentos to Collaborate on Public Blockchain Solutions for Content, building a new global decentralized digital content ecosystem (distributed infrastructure with video applications and people).
June 25: Onchain wins the Microsoft -0.06% Accelerator Shanghai Graduation Award.
June 30: Ontology notes that it will commence a token swap on June 30 with ONG distributed to all token holders.
(NEW) July 11: Ontology Enters Gaming Industry with Partnership with Cocos. Cocos has 1.1 million registered developers around the globe and 300,000 monthly active developers across 200 countries and regions. Games developed on the Cocos engine cover all game types on the market, which accounts for 30% of global market shares and 45% of Chinese market shares.
(NEW) July 12: Ontology Adds IdentityMind Global to its Partner’s List to Perform Know Your Customer.
(NEW) July 17: Ontology announces its cooperation with CertiK, a well-known American formal verification company. Both parties will work together in formal verification and enhance the security and reliability of smart contract and blockchain systems.
(NEW) July 27: Binance completes Ontology mainnet swap.
(NEW) July 31: CoinMex lists Ontology.
(NEW) August 2: Ontology, formally announces their strategic cooperation with Adrealm, an open ecosystem network for digital advertising.
(NEW) August 9: OWallet, Ontology’s official desktop wallet, has been officially released, including Ledger support.
(NEW) August 15: Spuul, Movie Platform with 60 Million Users plans to build new dApp Spokkz on Ontology
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***