DecisionDoji

Ontology ( $ONT 1D) the change we are waiting for

BINANCE:ONTBTC   Ontology / Bitcoin
The cryptocurrency market while volatile is also very well calibrated.
Some of you may be thinking of a possible new “alt season” coming. ONT seems to not have been left out buy the buyers and I envision an increase in price VS BTC in the future.
The tide lifts all the boats. Some things may signal the beginning of a new uptrend.
- The breakout of the trendline
- The flattening of the daily EMAs
- The coin did not make a new low (698 sat support)
- The spike in volume
- Staying in a range
- Bullish divergence can be noted on the daily RSI.



In my opinion the coin can be add to a diverse portfolio if it can complete a “double bottom” on a weekly timeframe (close above 1189) . It is still too early to tell.
Patience is key. As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_

Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.