ONTOLOGY - ONT/USDT - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.303727 USDT
My targets
0.282861 USDT (-6.28%)
0.266644 USDT (-11.65%)
My analysis
ONTOLOGY - ONT/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.303727 USDT. The next support located at 0.282861 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.266644 USDT. Below this support, sellers could then target 0.237067 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ONTOLOGY - ONT/USDT price is 0.301817 USDT. The price registered a decrease of -5.26% on the session with the lowest point at 0.300130 USDT and the highest point at 0.322686 USDT. The deviation from the price is +0.56% for the low point and -6.47% for the high point.0.300130
0.322686
0.301817
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.218645 | 0.237067 | 0.266644 | 0.301817 | 0.303727 | 0.339201 | 0.376736 |
| Change (%) | -27.56% | -21.45% | -11.65% | - | +0.63% | +12.39% | +24.82% |
| Change | -0.083172 | -0.064750 | -0.035173 | - | +0.001910 | +0.037384 | +0.074919 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Major |
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 | 0.215897 | 0.256554 | 0.287572 | 0.328229 | 0.359247 | 0.399904 | 0.430922 |
| Camarilla | 0.298878 | 0.305449 | 0.312019 | 0.318589 | 0.325159 | 0.331729 | 0.338300 |
| Woodie | 0.211077 | 0.254144 | 0.282752 | 0.325819 | 0.354427 | 0.397494 | 0.426102 |
| Fibonacci | 0.256554 | 0.283934 | 0.300850 | 0.328229 | 0.355609 | 0.372525 | 0.399904 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.030939 | 0.113452 | 0.198715 | 0.343106 | 0.428369 | 0.572760 | 0.658023 |
| Camarilla | 0.220823 | 0.241875 | 0.262926 | 0.283978 | 0.305030 | 0.326081 | 0.347133 |
| Woodie | -0.060503 | 0.098670 | 0.169151 | 0.328324 | 0.398805 | 0.557978 | 0.628459 |
| Fibonacci | 0.113452 | 0.201180 | 0.255378 | 0.343106 | 0.430834 | 0.485032 | 0.572760 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128853 | 0.198794 | 0.282861 | 0.352802 | 0.436869 | 0.506810 | 0.590877 |
| Camarilla | 0.324576 | 0.338693 | 0.352811 | 0.366928 | 0.381045 | 0.395163 | 0.409280 |
| Woodie | 0.135916 | 0.202326 | 0.289924 | 0.356334 | 0.443932 | 0.510342 | 0.597940 |
| Fibonacci | 0.198794 | 0.257625 | 0.293971 | 0.352802 | 0.411633 | 0.447979 | 0.506810 |
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): | 43.81 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -7.457312 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.315984 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.323283 | |
| Elder Ray (13): | -0.005750 | |
| Super Trend (3,10): | 0.344906 | |
| Zig ZAG (10): | 0.304893 | |
| VORTEX (21): | 0.9689 | |
| Stochastique (14,3,5): | 12.92 | |
| TEMA (21): | 0.309828 | |
| Williams %R (14): | -87.83 | |
| Chande Momentum Oscillator (20): | -0.032872 | |
| Repulse (5,40,3): | -4.4776 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0961 | |
| Courbe Coppock: | 20.80 |
| MA7: | 0.336774 | |
| MA20: | 0.339042 | |
| MA50: | 0.338411 | |
| MA100: | 0.289978 | |
| MAexp7: | 0.309759 | |
| MAexp20: | 0.316963 | |
| MAexp50: | 0.317719 | |
| MAexp100: | 0.325473 | |
| Price / MA7: | -10.38% | |
| Price / MA20: | -10.98% | |
| Price / MA50: | -10.81% | |
| Price / MA100: | +4.08% | |
| Price / MAexp7: | -2.56% | |
| Price / MAexp20: | -4.78% | |
| Price / MAexp50: | -5.01% | |
| Price / MAexp100: | -7.27% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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