ONTOLOGY - ONT/USD - Daily - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.590000 USD
My targets
0.720000 USD (+4.35%)
0.830000 USD (+20.29%)
My analysis
ONTOLOGY - ONT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.590000 USD. The next resistance located at 0.720000 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.830000 USD. After this resistance, buyers could then target 0.980000 USD.
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
6.1
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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/USD rating is 0.690000 USD. The price registered an increase of +1.47% on the session and was traded between 0.670000 USD and 0.700000 USD over the period. The price is currently at +2.99% from its lowest and -1.43% from its highest.0.670000
0.700000
0.690000
Here is a more detailed summary of the historical variations registered by ONTOLOGY - ONT/USD:
Technical
Technical analysis of this Daily chart of ONTOLOGY - ONT/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.500000 | 0.590000 | 0.690000 | 0.720000 | 0.830000 | 0.980000 |
| Change (%) | -27.54% | -14.49% | - | +4.35% | +20.29% | +42.03% |
| Change | -0.190000 | -0.100000 | - | +0.030000 | +0.140000 | +0.290000 |
| Level | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.600000 | 0.620000 | 0.650000 | 0.670000 | 0.700000 | 0.720000 | 0.750000 |
| Camarilla | 0.666250 | 0.670833 | 0.675417 | 0.680000 | 0.684583 | 0.689167 | 0.693750 |
| Woodie | 0.605000 | 0.622500 | 0.655000 | 0.672500 | 0.705000 | 0.722500 | 0.755000 |
| Fibonacci | 0.620000 | 0.639100 | 0.650900 | 0.670000 | 0.689100 | 0.700900 | 0.720000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.476667 | 0.543333 | 0.586667 | 0.653333 | 0.696667 | 0.763333 | 0.806667 |
| Camarilla | 0.599750 | 0.609833 | 0.619917 | 0.630000 | 0.640083 | 0.650167 | 0.660250 |
| Woodie | 0.465000 | 0.537500 | 0.575000 | 0.647500 | 0.685000 | 0.757500 | 0.795000 |
| Fibonacci | 0.543333 | 0.585353 | 0.611313 | 0.653333 | 0.695353 | 0.721313 | 0.763333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.313333 | 0.406667 | 0.463333 | 0.556667 | 0.613333 | 0.706667 | 0.763333 |
| Camarilla | 0.478750 | 0.492500 | 0.506250 | 0.520000 | 0.533750 | 0.547500 | 0.561250 |
| Woodie | 0.295000 | 0.397500 | 0.445000 | 0.547500 | 0.595000 | 0.697500 | 0.745000 |
| Fibonacci | 0.406667 | 0.463967 | 0.499367 | 0.556667 | 0.613967 | 0.649367 | 0.706667 |
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): | 61.90 | |
| MACD (12,26,9): | 0.0217 | |
| Directional Movement: | 14.823678 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.670349 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.736549 | |
| Elder Ray (13): | 0.031777 | |
| Super Trend (3,10): | 0.562595 | |
| Zig ZAG (10): | 0.690000 | |
| VORTEX (21): | 1.1165 | |
| Stochastique (14,3,5): | 48.59 | |
| TEMA (21): | 0.683688 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | -0.030000 | |
| Repulse (5,40,3): | 7.1666 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6142 | |
| Courbe Coppock: | 10.09 |
| MA7: | 0.652857 | |
| MA20: | 0.647500 | |
| MA50: | 0.587600 | |
| MA100: | 0.663100 | |
| MAexp7: | 0.661885 | |
| MAexp20: | 0.641380 | |
| MAexp50: | 0.623975 | |
| MAexp100: | 0.660042 | |
| Price / MA7: | +5.69% | |
| Price / MA20: | +6.56% | |
| Price / MA50: | +17.43% | |
| Price / MA100: | +4.06% | |
| Price / MAexp7: | +4.25% | |
| Price / MAexp20: | +7.58% | |
| Price / MAexp50: | +10.58% | |
| Price / MAexp100: | +4.54% |
This member declared not having a position on this financial instrument or a related financial instrument.
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