ONTOLOGY - ONT/USD - 1H - Technical analysis published on 04/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.307500 USD
My targets
0.343333 USD (+4.04%)
0.350000 USD (+6.06%)
My analysis
The strong short-term increase in ONTOLOGY - ONT/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.307500 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.343333 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.350000 USD as an objective. Crossing it would then enable buyers to target 0.370000 USD. Caution, a return under 0.307500 USD could jeopardize the reversal.
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
0
10
1.8
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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 0.330000 USD. The price registered an increase of +17.86% on the session with the lowest point at 0.250000 USD and the highest point at 0.330000 USD. The deviation from the price is +32.00% for the low point and 0% for the high point.0.250000
0.330000
0.330000
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ONTOLOGY - ONT/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.202105 | 0.260000 | 0.307500 | 0.330000 | 0.350000 | 0.370000 | 0.390000 |
| Change (%) | -38.76% | -21.21% | -6.82% | - | +6.06% | +12.12% | +18.18% |
| Change | -0.127895 | -0.070000 | -0.022500 | - | +0.020000 | +0.040000 | +0.060000 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070000 | 0.160000 | 0.220000 | 0.310000 | 0.370000 | 0.460000 | 0.520000 |
| Camarilla | 0.238750 | 0.252500 | 0.266250 | 0.280000 | 0.293750 | 0.307500 | 0.321250 |
| Woodie | 0.055000 | 0.152500 | 0.205000 | 0.302500 | 0.355000 | 0.452500 | 0.505000 |
| Fibonacci | 0.160000 | 0.217300 | 0.252700 | 0.310000 | 0.367300 | 0.402700 | 0.460000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.063333 | 0.093333 | 0.186667 | 0.343333 | 0.436667 | 0.593333 | 0.686667 |
| Camarilla | 0.211250 | 0.234167 | 0.257083 | 0.280000 | 0.302917 | 0.325833 | 0.348750 |
| Woodie | -0.095000 | 0.077500 | 0.155000 | 0.327500 | 0.405000 | 0.577500 | 0.655000 |
| Fibonacci | 0.093333 | 0.188833 | 0.247833 | 0.343333 | 0.438833 | 0.497833 | 0.593333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.120000 | 0.200000 | 0.280000 | 0.360000 | 0.440000 | 0.520000 | 0.600000 |
| Camarilla | 0.316000 | 0.330667 | 0.345333 | 0.360000 | 0.374667 | 0.389333 | 0.404000 |
| Woodie | 0.120000 | 0.200000 | 0.280000 | 0.360000 | 0.440000 | 0.520000 | 0.600000 |
| Fibonacci | 0.200000 | 0.261120 | 0.298880 | 0.360000 | 0.421120 | 0.458880 | 0.520000 |
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): | 53.29 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 11.229866 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.273726 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.250000 | |
| Elder Ray (13): | 0.033324 | |
| Super Trend (3,10): | 0.350113 | |
| Zig ZAG (10): | 0.300000 | |
| VORTEX (21): | 1.0625 | |
| Stochastique (14,3,5): | 54.17 | |
| TEMA (21): | 0.285705 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.040000 | |
| Repulse (5,40,3): | 9.1663 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5063 | |
| Courbe Coppock: | 12.03 |
| MA7: | 0.358571 | |
| MA20: | 0.344000 | |
| MA50: | 0.335800 | |
| MA100: | 0.288600 | |
| MAexp7: | 0.294552 | |
| MAexp20: | 0.282133 | |
| MAexp50: | 0.303032 | |
| MAexp100: | 0.324147 | |
| Price / MA7: | -7.97% | |
| Price / MA20: | -4.07% | |
| Price / MA50: | -1.73% | |
| Price / MA100: | +14.35% | |
| Price / MAexp7: | +12.03% | |
| Price / MAexp20: | +16.97% | |
| Price / MAexp50: | +8.90% | |
| Price / MAexp100: | +1.81% |
Quotes :
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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
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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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