ONTOLOGY - ONT/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ONTUSD
ISIN:

ONTOLOGY - ONT/USD - Daily - Technical analysis published on 04/08/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.243333 USD

My targets

0.300000 USD (+7.14%)

0.380000 USD (+35.71%)

My analysis

The bullish trend is currently very strong on ONTOLOGY - ONT/USD. As long as the price remains above the support at 0.243333 USD, you could try to benefit from the boom. The first bullish objective is located at 0.300000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.380000 USD as an objective. Crossing it would then enable buyers to target 0.425000 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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 Henry07. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ONTOLOGY - ONT/USD price is 0.280000 USD. On the day, this instrument lost -9.68% and was between 0.280000 USD and 0.310000 USD. This implies that the price is at 0% from its lowest and at -9.68% from its highest.

0.280000

0.310000

0.280000

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this ONTOLOGY - ONT/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.180000	0.207000	0.230000	0.280000	0.300000	0.425000	0.692500
Change (%)	-35.71%	-26.07%	-17.86%	-	+7.14%	+51.79%	+147.32%
Change	-0.100000	-0.073000	-0.050000	-	+0.020000	+0.145000	+0.412500
Level	Minor	Intermediate	Major	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.260000	0.270000	0.290000	0.300000	0.320000	0.330000	0.350000
Camarilla	0.301750	0.304500	0.307250	0.310000	0.312750	0.315500	0.318250
Woodie	0.265000	0.272500	0.295000	0.302500	0.325000	0.332500	0.355000
Fibonacci	0.270000	0.281460	0.288540	0.300000	0.311460	0.318540	0.330000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.176667	0.193333	0.226667	0.243333	0.276667	0.293333	0.326667
Camarilla	0.246250	0.250833	0.255417	0.260000	0.264583	0.269167	0.273750
Woodie	0.185000	0.197500	0.235000	0.247500	0.285000	0.297500	0.335000
Fibonacci	0.193333	0.212433	0.224233	0.243333	0.262433	0.274233	0.293333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.080000	0.130000	0.180000	0.230000	0.280000	0.330000	0.380000
Camarilla	0.202500	0.211667	0.220833	0.230000	0.239167	0.248333	0.257500
Woodie	0.080000	0.130000	0.180000	0.230000	0.280000	0.330000	0.380000
Fibonacci	0.130000	0.168200	0.191800	0.230000	0.268200	0.291800	0.330000

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.77
MACD (12,26,9):	0.0161
Directional Movement:	28.505540
AROON (14):	71.428572
DEMA (21):	0.267339
Parabolic SAR (0,02-0,02-0,2):	0.224745
Elder Ray (13):	0.035561
Super Trend (3,10):	0.211654
Zig ZAG (10):	0.280000
VORTEX (21):	1.0769
Stochastique (14,3,5):	60.00
TEMA (21):	0.281279
Williams %R (14):	-53.33
Chande Momentum Oscillator (20):	0.060000
Repulse (5,40,3):	5.2394
ROCnROLL:	1
TRIX (15,9):	0.4976
Courbe Coppock:	45.17

MA7:	0.268571
MA20:	0.240000
MA50:	0.236600
MA100:	0.217500
MAexp7:	0.274047
MAexp20:	0.250005
MAexp50:	0.235125
MAexp100:	0.224583
Price / MA7:	+4.26%
Price / MA20:	+16.67%
Price / MA50:	+18.34%
Price / MA100:	+28.74%
Price / MAexp7:	+2.17%
Price / MAexp20:	+12.00%
Price / MAexp50:	+19.09%
Price / MAexp100:	+24.68%

Quotes : - Real time data - Cryptocompare

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

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