ONTOLOGY - ONT/USD - 1H - Technical analysis published on 11/28/2024 (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
61%
6%
33%
My opinion
Bullish above 0.280000 USD
My targets
0.300000 USD (+3.45%)
0.310000 USD (+6.90%)
My analysis
The bullish trend is currently very strong on ONTOLOGY - ONT/USD. As long as the price remains above the support at 0.280000 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 0.310000 USD as an objective. Crossing it would then enable buyers to target 0.330000 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
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
ONTOLOGY - ONT/USD rating 0.290000 USD. The price has increased by +7.41% since the last closing and was between 0.260000 USD and 0.290000 USD. This implies that the price is at +11.54% from its lowest and at 0% from its highest.0.260000
0.290000
0.290000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ONTOLOGY - ONT/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.250000 | 0.270000 | 0.280000 | 0.290000 | 0.300000 | 0.310000 | 0.330000 |
| Change (%) | -13.79% | -6.90% | -3.45% | - | +3.45% | +6.90% | +13.79% |
| Change | -0.040000 | -0.020000 | -0.010000 | - | +0.010000 | +0.020000 | +0.040000 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.226667 | 0.243333 | 0.256667 | 0.273333 | 0.286667 | 0.303333 | 0.316667 |
| Camarilla | 0.261750 | 0.264500 | 0.267250 | 0.270000 | 0.272750 | 0.275500 | 0.278250 |
| Woodie | 0.225000 | 0.242500 | 0.255000 | 0.272500 | 0.285000 | 0.302500 | 0.315000 |
| Fibonacci | 0.243333 | 0.254793 | 0.261873 | 0.273333 | 0.284793 | 0.291873 | 0.303333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093333 | 0.136667 | 0.213333 | 0.256667 | 0.333333 | 0.376667 | 0.453333 |
| Camarilla | 0.257000 | 0.268000 | 0.279000 | 0.290000 | 0.301000 | 0.312000 | 0.323000 |
| Woodie | 0.110000 | 0.145000 | 0.230000 | 0.265000 | 0.350000 | 0.385000 | 0.470000 |
| Fibonacci | 0.136667 | 0.182507 | 0.210827 | 0.256667 | 0.302507 | 0.330827 | 0.376667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033333 | 0.086667 | 0.113333 | 0.166667 | 0.193333 | 0.246667 | 0.273333 |
| Camarilla | 0.118000 | 0.125333 | 0.132667 | 0.140000 | 0.147333 | 0.154667 | 0.162000 |
| Woodie | 0.020000 | 0.080000 | 0.100000 | 0.160000 | 0.180000 | 0.240000 | 0.260000 |
| Fibonacci | 0.086667 | 0.117227 | 0.136107 | 0.166667 | 0.197227 | 0.216107 | 0.246667 |
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): | 56.93 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | -13.263104 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.289517 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.259854 | |
| Elder Ray (13): | -0.007850 | |
| Super Trend (3,10): | 0.234469 | |
| Zig ZAG (10): | 0.290000 | |
| VORTEX (21): | 0.9730 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 0.290661 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 13.4448 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1124 | |
| Courbe Coppock: | 3.25 |
| MA7: | 0.271429 | |
| MA20: | 0.223500 | |
| MA50: | 0.199200 | |
| MA100: | 0.189100 | |
| MAexp7: | 0.288976 | |
| MAexp20: | 0.286633 | |
| MAexp50: | 0.283667 | |
| MAexp100: | 0.277515 | |
| Price / MA7: | +6.84% | |
| Price / MA20: | +29.75% | |
| Price / MA50: | +45.58% | |
| Price / MA100: | +53.36% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +1.17% | |
| Price / MAexp50: | +2.23% | |
| Price / MAexp100: | +4.50% |
Quotes :
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Real time data
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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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