ONTOLOGY - ONT/USD

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Type:	Cryptocurrencies
Ticker:	ONTUSD
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ONTOLOGY - ONT/USD - Daily - Technical analysis published on 06/29/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

33%

61%

My opinion

Bullish above 0.541333 USD

My targets

0.696667 USD (+16.11%)

0.740000 USD (+23.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ONTOLOGY - ONT/USD as long as the price remains well above 0.541333 USD. The buyers” bullish objective is set at 0.696667 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.740000 USD. If there is any crossing, the next objective would be the resistance located at 0.830000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ONTOLOGY - ONT/USD rating is 0.600000 USD. On the day, this instrument gained +1.70% and was traded between 0.590000 USD and 0.600000 USD over the period. The price is currently at +1.69% from its lowest and 0% from its highest.

0.590000

0.600000

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ONTOLOGY - ONT/USD:

Technical

Technical analysis of ONTOLOGY - ONT/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 11 are neutral and 1 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.300000	0.454286	0.541333	0.600000	0.613077	0.740000	0.830000
Change (%)	-50.00%	-24.29%	-9.78%	-	+2.18%	+23.33%	+38.33%
Change	-0.300000	-0.145714	-0.058667	-	+0.013077	+0.140000	+0.230000
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.490000	0.530000	0.560000	0.600000	0.630000	0.670000	0.700000
Camarilla	0.570750	0.577167	0.583583	0.590000	0.596417	0.602833	0.609250
Woodie	0.485000	0.527500	0.555000	0.597500	0.625000	0.667500	0.695000
Fibonacci	0.530000	0.556740	0.573260	0.600000	0.626740	0.643260	0.670000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.433333	0.496667	0.543333	0.606667	0.653333	0.716667	0.763333
Camarilla	0.559750	0.569833	0.579917	0.590000	0.600083	0.610167	0.620250
Woodie	0.425000	0.492500	0.535000	0.602500	0.645000	0.712500	0.755000
Fibonacci	0.496667	0.538687	0.564647	0.606667	0.648687	0.674647	0.716667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.263333	0.336667	0.443333	0.516667	0.623333	0.696667	0.803333
Camarilla	0.500500	0.517000	0.533500	0.550000	0.566500	0.583000	0.599500
Woodie	0.280000	0.345000	0.460000	0.525000	0.640000	0.705000	0.820000
Fibonacci	0.336667	0.405427	0.447907	0.516667	0.585427	0.627907	0.696667

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.98
MACD (12,26,9):	0.0185
Directional Movement:	-0.288597
AROON (14):	57.142856
DEMA (21):	0.614944
Parabolic SAR (0,02-0,02-0,2):	0.551049
Elder Ray (13):	-0.013703
Super Trend (3,10):	0.519954
Zig ZAG (10):	0.590000
VORTEX (21):	0.9688
Stochastique (14,3,5):	62.75
TEMA (21):	0.614727
Williams %R (14):	-47.06
Chande Momentum Oscillator (20):	0.050000
Repulse (5,40,3):	-3.4306
ROCnROLL:	-1
TRIX (15,9):	0.4973
Courbe Coppock:	15.44

MA7:	0.611429
MA20:	0.587000
MA50:	0.543000
MA100:	0.482900
MAexp7:	0.601387
MAexp20:	0.589490
MAexp50:	0.555065
MAexp100:	0.541687
Price / MA7:	-1.87%
Price / MA20:	+2.21%
Price / MA50:	+10.50%
Price / MA100:	+24.25%
Price / MAexp7:	-0.23%
Price / MAexp20:	+1.78%
Price / MAexp50:	+8.10%
Price / MAexp100:	+10.77%

Quotes : 2020-06-29 00:05:13 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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