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Ontology (ONT) – July 7 for BINANCE:ONTUSD by readCrypto

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Related Articles

(ONTUSD 1W Chart)

It remains to be seen if the uptrend can be continued by moving higher from the 0.42368389-1.10565394 section.

(1D chart)

We need to see if we can find support by moving up to the 0.89779618-1.09490233 section.

If the price is maintained in the 1.09490233-1.48911466 range, it is expected to turn into an uptrend.

With the decline from the 0.89779618 point, it is entering the mid- to long-term investment area, so careful trading is required.

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( ONTBTC 1W chart)

We will have to wait and see if we can rise in the new sideways section, the 4 Satoshi-5259 Satoshi section.

If the price is maintained in the 5259 satoshi-11111 satoshi section, it is expected to turn into an uptrend.

(1D chart)

We need to see if we can get support by climbing to the 2264 Satoshi-2538 Satoshi section.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in 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 section where you can buy for profit as a support point or section

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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