ONTOLOGY(ONT) WAITING FOR A BREAKOUT

5 ก.ค. 2018

OUTLOOK: BULLISH BIAS

Ontology is currently top 22 in coinmarketcap and top 15 in the past 24hr volume.

>7520 sats has been holding the price and tested multiple times in 4hr time frame and twice in daily.
>ONT is very attractive since it didn't pump that much since the price up tick in BTC un like other top 30 tokens & coins
>Same with MANA that pumped behind from top alt coins.
>In 1hr, 4hr & 1D time frames, all indicators are showing exhaustion from sellers and price might go up any time soon.
>A candle close above 7800 sats, above the EMA7 & upper trend line will confirm a bullish breakout
>Candle close below 7480 sats will push the price down to 7200 which is most probably the bottom
>RSI, Stoch RSI, BB%B & MACD is showing a good consolidation at the bottom waiting for a breakout.
>RSI is currently flat despite of a trending down of the price which could be a sign of a reversal.
>Waiting for a candle close for a confirmation.
>30% up is very probable


**Disclaimer;
>This is still a novice work and definitely not a financial advice.

**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!