ONTOLOGY - ONT/USDT - Daily - Technical analysis published on 09/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.794267 USDT
My targets
1.023770 USDT (+19.73%)
1.314440 USDT (+53.72%)
My analysis
The strong short-term increase in Ontology - ONT/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.794267 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.023770 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.314440 USDT as an objective. Crossing it would then enable buyers to target 1.777000 USDT. Caution, a return under 0.794267 USDT could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Ontology - ONT/USDT rating is 0.855100 USDT. The price has increased by +8.35% since the last closing with the lowest point at 0.788200 USDT and the highest point at 0.859600 USDT. The deviation from the price is +8.49% for the low point and -0.52% for the high point.0.788200
0.859600
0.855100
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by Ontology - ONT/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of Ontology - ONT/USDT in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.689600 | 0.794267 | 0.855100 | 1.023770 | 1.314440 | 1.777000 |
| Change (%) | -19.35% | -7.11% | - | +19.73% | +53.72% | +107.81% |
| Change | -0.165500 | -0.060833 | - | +0.168670 | +0.459340 | +0.921900 |
| Level | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.692500 | 0.725200 | 0.757200 | 0.789900 | 0.821900 | 0.854600 | 0.886600 |
| Camarilla | 0.771408 | 0.777338 | 0.783269 | 0.789200 | 0.795131 | 0.801062 | 0.806993 |
| Woodie | 0.692150 | 0.725025 | 0.756850 | 0.789725 | 0.821550 | 0.854425 | 0.886250 |
| Fibonacci | 0.725200 | 0.749915 | 0.765185 | 0.789900 | 0.814615 | 0.829885 | 0.854600 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.602400 | 0.651100 | 0.704200 | 0.752900 | 0.806000 | 0.854700 | 0.907800 |
| Camarilla | 0.729305 | 0.738637 | 0.747968 | 0.757300 | 0.766632 | 0.775963 | 0.785295 |
| Woodie | 0.604600 | 0.652200 | 0.706400 | 0.754000 | 0.808200 | 0.855800 | 0.910000 |
| Fibonacci | 0.651100 | 0.689988 | 0.714012 | 0.752900 | 0.791788 | 0.815812 | 0.854700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.628933 | 0.605567 | 0.681333 | 0.657967 | 0.733733 | 0.710367 | 0.786133 |
| Camarilla | 0.742690 | 0.747493 | 0.752297 | 0.757100 | 0.761903 | 0.766707 | 0.771510 |
| Woodie | 0.678500 | 0.630350 | 0.730900 | 0.682750 | 0.783300 | 0.735150 | 0.835700 |
| Fibonacci | 0.605567 | 0.625584 | 0.637950 | 0.657967 | 0.677984 | 0.690350 | 0.710367 |
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): | 58.58 | |
| MACD (12,26,9): | -0.0062 | |
| Directional Movement: | 9.591137 | |
| AROON (14): | 21.428574 | |
| DEMA (21): | 0.735752 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.591816 | |
| Elder Ray (13): | 0.070738 | |
| Super Trend (3,10): | 0.614874 | |
| Zig ZAG (10): | 0.847100 | |
| VORTEX (21): | 1.0356 | |
| Stochastique (14,3,5): | 88.15 | |
| TEMA (21): | 0.769292 | |
| Williams %R (14): | -4.51 | |
| Chande Momentum Oscillator (20): | 0.136300 | |
| Repulse (5,40,3): | 7.7992 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3813 | |
| Courbe Coppock: | 10.97 |
| MA7: | 0.751014 | |
| MA20: | 0.734930 | |
| MA50: | 0.797884 | |
| MA100: | 1.027906 | |
| MAexp7: | 0.766424 | |
| MAexp20: | 0.753152 | |
| MAexp50: | 0.820321 | |
| MAexp100: | 0.935138 | |
| Price / MA7: | +13.86% | |
| Price / MA20: | +16.35% | |
| Price / MA50: | +7.17% | |
| Price / MA100: | -16.81% | |
| Price / MAexp7: | +11.57% | |
| Price / MAexp20: | +13.54% | |
| Price / MAexp50: | +4.24% | |
| Price / MAexp100: | -8.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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