$ON Technical Analysis: Yearly High Close, Trendline Resistance
Yearly High Close
Price is close to the yearly highs.
Trendline Resistance
Daily price is touching a trendline resistance level. Price can hit the resistance level and start going down,
which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts to break the low of the last day's candle.
Pocket Pivot
The volume on the green candle today was higher than the volume on any red candles over the last few weeks.
This can signify institutional accumulation.
Stochastics Overbought
Stochastics value is above 80.
Wedge
Descending wedge. These are calculated base on last 3 monthly candles.
Therefore, they are best visible on the monthly and weekly chart.
$ON 3/17 Bullish
Price is close to the yearly highs.
Trendline Resistance
Daily price is touching a trendline resistance level. Price can hit the resistance level and start going down,
which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts to break the low of the last day's candle.
Pocket Pivot
The volume on the green candle today was higher than the volume on any red candles over the last few weeks.
This can signify institutional accumulation.
Stochastics Overbought
Stochastics value is above 80.
Wedge
Descending wedge. These are calculated base on last 3 monthly candles.
Therefore, they are best visible on the monthly and weekly chart.
$ON 3/17 Bullish