I am watching ONT lately to see if there is going to be any movements that will take it outside the range it has been trading in.
For the past 24 hours, ONT has been trading inside a narrow range of $.50 to $.54. This is increasingly narrowing recently, and the Bollinger Bands in the 1H view are coming very close together, giving us a look at a tight trading range. This could suggest that ONT will have a breakout moment to kick off 2020.
The 1D trading view shows us a similar picture over the past 2 weeks, with the Bollinger Bands staying very consistent since around Dec 12th, with a slight decrease in average daily price over that same time period.
Ontology could see a breakout in the next few days, but which way is the question. A positive scenario could put ONT up near $.62, while a breakout in a downward direction could mean a drop below the $.50 support to $.48.
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Image used was sourced from BINANCE.COM
This information is not intended as, nor should it be used as, trading advice or any form of trading suggestion. The content of this post is the authors thoughts and nothing else.
Ontology is a high performance public blockchain and distributed collaborative platform. It anables a decentralized network environment that solves key issues of identity security and data integrity. Data sharing and productive collaboration is maximized by assuring that users can trust one another.