ONTOLOGY - ONT/USD - 1H - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 0.460000 USD
My targets
0.490000 USD (+2.08%)
0.580000 USD (+20.83%)
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 0.460000 USD. The buyers' bullish objective is set at 0.490000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.580000 USD. If there is any crossing, the next objective would be the resistance located at 0.693333 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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Additional analysis
Quotes
The ONTOLOGY - ONT/USD price is 0.480000 USD. On the day, this instrument gained +2.13% and was traded between 0.460000 USD and 0.540000 USD over the period. The price is currently at +4.35% from its lowest and -11.11% from its highest.0.460000
0.540000
0.480000
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ONTOLOGY - ONT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ONTOLOGY - ONT/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.420000 | 0.442000 | 0.460000 | 0.480000 | 0.480000 | 0.693333 | 0.880000 |
| Change (%) | -12.50% | -7.92% | -4.17% | 0% | - | +44.44% | +83.33% |
| Change | -0.060000 | -0.038000 | -0.020000 | 0 | - | +0.213333 | +0.400000 |
| Level | Intermediate | Minor | Minor | Intermediate | - | Major | Minor |
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 | 0.323333 | 0.356667 | 0.413333 | 0.446667 | 0.503333 | 0.536667 | 0.593333 |
| Camarilla | 0.445250 | 0.453500 | 0.461750 | 0.470000 | 0.478250 | 0.486500 | 0.494750 |
| Woodie | 0.335000 | 0.362500 | 0.425000 | 0.452500 | 0.515000 | 0.542500 | 0.605000 |
| Fibonacci | 0.356667 | 0.391047 | 0.412287 | 0.446667 | 0.481047 | 0.502287 | 0.536667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130000 | 0.190000 | 0.280000 | 0.340000 | 0.430000 | 0.490000 | 0.580000 |
| Camarilla | 0.328750 | 0.342500 | 0.356250 | 0.370000 | 0.383750 | 0.397500 | 0.411250 |
| Woodie | 0.145000 | 0.197500 | 0.295000 | 0.347500 | 0.445000 | 0.497500 | 0.595000 |
| Fibonacci | 0.190000 | 0.247300 | 0.282700 | 0.340000 | 0.397300 | 0.432700 | 0.490000 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.28 | |
| MACD (12,26,9): | 0.0094 | |
| Directional Movement: | 18.135296 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.484849 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.535295 | |
| Elder Ray (13): | 0.002493 | |
| Super Trend (3,10): | 0.435525 | |
| Zig ZAG (10): | 0.460000 | |
| VORTEX (21): | 1.0238 | |
| Stochastique (14,3,5): | 16.67 | |
| TEMA (21): | 0.481525 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | -5.7063 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4035 | |
| Courbe Coppock: | 3.83 |
| MA7: | 0.390000 | |
| MA20: | 0.355500 | |
| MA50: | 0.350200 | |
| MA100: | 0.300500 | |
| MAexp7: | 0.477131 | |
| MAexp20: | 0.468776 | |
| MAexp50: | 0.441985 | |
| MAexp100: | 0.411471 | |
| Price / MA7: | +23.08% | |
| Price / MA20: | +35.02% | |
| Price / MA50: | +37.06% | |
| Price / MA100: | +59.73% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +2.39% | |
| Price / MAexp50: | +8.60% | |
| Price / MAexp100: | +16.65% |
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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