Ontology / USD Technical Analysis: Reaching Apogee

Ontology / USD Technical Analysis: Reaching Apogee
фото показано с : cryptobriefing.com

2019-3-21 17:16

Ontology has a strong bullish outlook over the short-term The four-hour time frame shows that a bullish inverted head and shoulders pattern is currently in play Indicators on both time frames continue to generate strong buy signal Ontology / USD Short-term price analysis

Ontology has a strong bullish outlook over the short-term, with the ONT / USD pair advancing towards levels not seen since November of last year.

A bullish inverted head and shoulders pattern is currently in play across the four-hour time frame, with the upside target of the pattern found close to the November 14th trading high.

Technical indicators on the four-hour time frame remain bullish and show scope for further upside in the near-term.

 

 

ONT / USD H4 Chart                                                                         (Source: TradingView)

 

 

Pattern Watch

The bullish inverted head and shoulders pattern on the four-hour time frames remains the dominant theme to watch over the short-term.

Relative Strength Index

The RSI indicator is bullish on the four-hour time frame, although it is trading in extremely overbought territory.

MACD Indicator

The MACD indicator is bullish and is generating a strong buy signal on the mentioned time frame.

Fundamental Analysis

There have been no announcements today that would explain the price spike, but ONT appears to continue its bullish trend, started last month. This indicates that investor excitement may be supported by the partnerships that have been announced over the past few months.

ONT / USD Medium-term price analysis

Ontology has a bullish outlook over the medium-term, with the ONT / USD pair continuing to move away from its trend defining 200-day moving average.

The bullish inverted head and shoulders pattern on the daily time frame has reached its bullish objective, while the presence of bullish MACD divergence has now been eradicated on the mentioned time frame.

Technical indicators remain bullish on the daily time frame, although the RSI indicator is starting to appear slightly overstretched.

 

 

ONT / USD Daily Chart                                                                         (Source: TradingView)

 

 

Pattern Watch

The daily time frame shows that a much larger inverted head and shoulders pattern will take shape if the latest advance reaches the August 29th trading high.

MACD Indicator

The MACD indicator on the daily time frame is bullish and is currently generating a buy signal.

Relative Strength Index

The Relative Strength Index is bullish on the daily time, although it has moved into overbought territory.

Fundamental Analysis

The medium-term price growth will be supported by the development of partnerships. ONT has already surpassed NEO and ETC by market cap and is gradually gaining momentum. The successful integration of Ontology into its partners’ businesses could further drive the value of the project.

Conclusion

Ontology is bullish over both time horizons, with the inverted head and shoulders pattern on the four-hour time frame highlighting that the ONT / USD pair still has scope to trade even higher in the near-term.

Technical indicators on the daily time frame are becoming slightly overstretched, which could signal a potential technical correction once the pattern on the four-hour time frame reaches its overall upside objective.

 

For an introductory course on the project check out our coin guide for Ontology here.

 

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Ontology
(ONT) Price $1.23 Market Cap $750,820,212.29 #ccpw-ticker-24545 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24545 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24545 a.tabperiods.tabperiods_active, #ccpw-ticker-24545 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24545 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24545 .coin-container:after, .ccpw-container_four #ccpw-ticker-24545 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!

 

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The post Ontology / USD Technical Analysis: Reaching Apogee appeared first on Crypto Briefing.

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analysis usd ontology apogee reaching technical looming

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US Dollar Mirrors 1920s Weimar Republic Hyperinflation Against Bitcoin

The Bitcoin price in US dollars has begun exhibiting a trend which closely mimics the price history of Germany’s Papiermark during hyperinflation. Against Fiat, Bitcoin Follows Gold’s Price Trajectory A summary chart uploaded to social media by the cryptocurrency analysis account planB compares BTC/USD over the past eight years with the Papiermark’s value versus the previous gold mark.

2019-3-19 22:00


Today’s Top Crypto Coin Price Predictions: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and EOS Forecast

Welcome to Today's BitcoinExchangeGuide.com top cryptocurrency coin price prediction and forecast analysis overview. We will be reviewing four coins today in Bitcoin, Ethereum, Litecoin and EOS. Today's Bitcoin Price Prediction (BTC/USD) From yesterday things haven’t changed much for the price of Bitcoin as it is still hovering around the same level. On yesterday’s open the […]

2019-3-14 19:23


Binance Coin (BNB) Market Analysis: Currency Targets $13 Price Level

Supply Zones: $15, $16, $17 Demand Zones: $14, $13, $11 BNB/USD Medium-term Trend: Ranging BNB/USD is gradually changing from the bullish trend to bearish trend on the medium-term outlook. The cryptocurrency has been bullish for more than a week; it started on February 28 with the formation of a strong bullish candle that pushed the […] The post Binance Coin (BNB) Market Analysis: Currency Targets $13 Price Level appeared first on ZyCrypto.

2019-3-14 15:19