Bless Us $ONT $ONTBTC #Ontology

5 de fev. de 2020

Weekly
ONT on the weekly showing a major downtrend since all time high. Price currently sitting at 899 satoshis, stochastic rsi showing momentum is in favor of the bears on the higher timeframe which is a good sign we could be seeing a reversal.


Weekly (Zoomed In)
Taking a closer look at our weekly we see ONT has formed a double bottom and found support at the 650 zone. Momentum looks to have formed a higher low, which is another good sign that this could just be the beginning of a big move.


Daily
Looking at our pattern timeframe we see ONT has broken out of a minor downtrend and tested again for support, this is when we saw momentum shift towards the upside. Price then set a higher high on Jan 31st with 825 satoshis, and has since been continuing toward the upside. Feb 4th left a strong bullish engulfing candle, destroying our resistance from the Nov 23rd consolidation which leads me to believe we will also destroy the next resistance of 1000 satoshis. A daily close above 898 is a good sign we are heading up.

he Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.