ONTOLOGY GAS - ONGAS/USD - Daily - Technical analysis published on 02/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 0.701100 USD
My targets
0.582700 USD (-12.95%)
0.487278 USD (-27.21%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.701100 USD remains possible. It is advisable to trade ONTOLOGY GAS - ONGAS/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.701100 USD. The next bearish objective for sellers is set at 0.582700 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.487278 USD. In case of crossing, the next objective would be the support located at 0.323100 USD. PS: if there is a bullish break in the resistance located at 0.701100 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.5
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This analysis was given by taha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ONTOLOGY GAS - ONGAS/USD rating 0.669400 USD. The price registered an increase of +4.77% on the session and was traded between 0.635700 USD and 0.681200 USD over the period. The price is currently at +5.30% from its lowest and -1.73% from its highest.0.635700
0.681200
0.669400
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ONTOLOGY GAS - ONGAS/USD in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.323100 | 0.487278 | 0.582700 | 0.669400 | 0.701100 | 0.792733 | 1.086000 |
| Change (%) | -51.73% | -27.21% | -12.95% | - | +4.74% | +18.42% | +62.23% |
| Change | -0.346300 | -0.182122 | -0.086700 | - | +0.031700 | +0.123333 | +0.416600 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.607567 | 0.613833 | 0.626367 | 0.632633 | 0.645167 | 0.651433 | 0.663967 |
| Camarilla | 0.633730 | 0.635453 | 0.637177 | 0.638900 | 0.640623 | 0.642347 | 0.644070 |
| Woodie | 0.610700 | 0.615400 | 0.629500 | 0.634200 | 0.648300 | 0.653000 | 0.667100 |
| Fibonacci | 0.613833 | 0.621015 | 0.625452 | 0.632633 | 0.639815 | 0.644252 | 0.651433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.350500 | 0.456500 | 0.537300 | 0.643300 | 0.724100 | 0.830100 | 0.910900 |
| Camarilla | 0.566730 | 0.583853 | 0.600977 | 0.618100 | 0.635223 | 0.652347 | 0.669470 |
| Woodie | 0.337900 | 0.450200 | 0.524700 | 0.637000 | 0.711500 | 0.823800 | 0.898300 |
| Fibonacci | 0.456500 | 0.527858 | 0.571942 | 0.643300 | 0.714658 | 0.758742 | 0.830100 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.203900 | 0.383200 | 0.508000 | 0.687300 | 0.812100 | 0.991400 | 1.116200 |
| Camarilla | 0.549173 | 0.577048 | 0.604924 | 0.632800 | 0.660676 | 0.688552 | 0.716428 |
| Woodie | 0.176650 | 0.369575 | 0.480750 | 0.673675 | 0.784850 | 0.977775 | 1.088950 |
| Fibonacci | 0.383200 | 0.499366 | 0.571134 | 0.687300 | 0.803466 | 0.875234 | 0.991400 |
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): | 49.45 | |
| MACD (12,26,9): | -0.0278 | |
| Directional Movement: | 11.910385 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.615205 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.784703 | |
| Elder Ray (13): | 0.014160 | |
| Super Trend (3,10): | 0.788373 | |
| Zig ZAG (10): | 0.669900 | |
| VORTEX (21): | 0.9342 | |
| Stochastique (14,3,5): | 30.55 | |
| TEMA (21): | 0.626664 | |
| Williams %R (14): | -61.30 | |
| Chande Momentum Oscillator (20): | -0.005300 | |
| Repulse (5,40,3): | 3.7772 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7367 | |
| Courbe Coppock: | 10.96 |
| MA7: | 0.638500 | |
| MA20: | 0.653190 | |
| MA50: | 0.723052 | |
| MA100: | 0.906689 | |
| MAexp7: | 0.641752 | |
| MAexp20: | 0.657036 | |
| MAexp50: | 0.734452 | |
| MAexp100: | 0.834868 | |
| Price / MA7: | +4.84% | |
| Price / MA20: | +2.48% | |
| Price / MA50: | -7.42% | |
| Price / MA100: | -26.17% | |
| Price / MAexp7: | +4.31% | |
| Price / MAexp20: | +1.88% | |
| Price / MAexp50: | -8.86% | |
| Price / MAexp100: | -19.82% |
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.
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