ONTOLOGY - ONT/USD - Daily - Technical analysis published on 12/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.203333 USD
My targets
0.160000 USD (-5.88%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ONTOLOGY - ONT/USD as long as the price remains well below 0.203333 USD. The sellers' bearish objective is set at 0.160000 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ONTOLOGY - ONT/USD rating is 0.170000 USD. On the day, this instrument gained +13.33% with the lowest point at 0.150000 USD and the highest point at 0.170000 USD. The deviation from the price is +13.33% for the low point and 0% for the high point.0.150000
0.170000
0.170000
Here is a more detailed summary of the historical variations registered by ONTOLOGY - ONT/USD:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ONTOLOGY - ONT/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 0.160000 | 0.170000 | 0.210000 | 0.230000 | 0.260000 |
Change (%) | -5.88% | - | +23.53% | +35.29% | +52.94% |
Change | -0.010000 | - | +0.040000 | +0.060000 | +0.090000 |
Level | Major | - | Intermediate | Major | 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 | 0.123333 | 0.136667 | 0.143333 | 0.156667 | 0.163333 | 0.176667 | 0.183333 |
Camarilla | 0.144500 | 0.146333 | 0.148167 | 0.150000 | 0.151833 | 0.153667 | 0.155500 |
Woodie | 0.120000 | 0.135000 | 0.140000 | 0.155000 | 0.160000 | 0.175000 | 0.180000 |
Fibonacci | 0.136667 | 0.144307 | 0.149027 | 0.156667 | 0.164307 | 0.169027 | 0.176667 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.113333 | 0.136667 | 0.153333 | 0.176667 | 0.193333 | 0.216667 | 0.233333 |
Camarilla | 0.159000 | 0.162667 | 0.166333 | 0.170000 | 0.173667 | 0.177333 | 0.181000 |
Woodie | 0.110000 | 0.135000 | 0.150000 | 0.175000 | 0.190000 | 0.215000 | 0.230000 |
Fibonacci | 0.136667 | 0.151947 | 0.161387 | 0.176667 | 0.191947 | 0.201387 | 0.216667 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.046667 | 0.103333 | 0.146667 | 0.203333 | 0.246667 | 0.303333 | 0.346667 |
Camarilla | 0.162500 | 0.171667 | 0.180833 | 0.190000 | 0.199167 | 0.208333 | 0.217500 |
Woodie | 0.040000 | 0.100000 | 0.140000 | 0.200000 | 0.240000 | 0.300000 | 0.340000 |
Fibonacci | 0.103333 | 0.141533 | 0.165133 | 0.203333 | 0.241533 | 0.265133 | 0.303333 |
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): | 44.13 | |
MACD (12,26,9): | -0.0069 | |
Directional Movement: | -12.304203 | |
AROON (14): | -42.857143 | |
DEMA (21): | 0.170257 | |
Parabolic SAR (0,02-0,02-0,2): | 0.217611 | |
Elder Ray (13): | -0.013732 | |
Super Trend (3,10): | 0.205712 | |
Zig ZAG (10): | 0.170000 | |
VORTEX (21): | 0.9189 | |
Stochastique (14,3,5): | 8.33 | |
TEMA (21): | 0.166491 | |
Williams %R (14): | -100.00 | |
Chande Momentum Oscillator (20): | -0.040000 | |
Repulse (5,40,3): | -19.6122 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1542 | |
Courbe Coppock: | 21.41 |
MA7: | 0.171429 | |
MA20: | 0.183000 | |
MA50: | 0.185400 | |
MA100: | 0.203200 | |
MAexp7: | 0.171248 | |
MAexp20: | 0.177603 | |
MAexp50: | 0.187400 | |
MAexp100: | 0.205133 | |
Price / MA7: | -0.83% | |
Price / MA20: | -7.10% | |
Price / MA50: | -8.31% | |
Price / MA100: | -16.34% | |
Price / MAexp7: | -0.73% | |
Price / MAexp20: | -4.28% | |
Price / MAexp50: | -9.28% | |
Price / MAexp100: | -17.13% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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