The Hourly View for Ontology
- At the time of this writing, ONT’s price is up $0.01 (1.13%) from the hour prior.
- It’s been a feast for bulls operating on an hourly timeframe, as Ontology has now gone up 4 of the past 5 hours.
- If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
- Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ontology’s hourly price chart is shown below.
The Daily View for Ontology
- At the moment, ONT’s price is down $-0.02 (-4.55%) from the day prior.
- It’s been a feast for bears operating on the daily timeframe, as Ontology has now gone down 4 of the past 5 days.
- Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
- The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
- Divergence between ONT’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ONT’s price.
Below is a daily price chart of Ontology.
Featured Ontology Idea From TradingView
Below is a trading comment entitled EURNZD LONG you may find interesting:
I am looking to go long based ont he imbalance candle that i see. Good Risk to Reward ratio here.
— mbm19
The post Ontology Does it Again: Heads Down for the 2nd Straight Day appeared first on CFDTrading.
This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here
