Ontology (ONT)

ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 16

Azeez Mustapha
July 16, 2019

ONT/USD market operations still fall under bearish settings outlook in spite of its small range moves.
The ONT/USD market bulls are expected as well to get set below $0.95 and $0.85 market lines for either correction or a violent spike.

ONT/USD Medium-term Trend: Bearish

Supply levels: $1.20, $1.30, $1.40
Demand levels: $0.70, $0.60, $0.50

ONT/USD market activities continue to fall under a bearish trend as depicted on the chart by the Bollinger Middle Band in the medium-term run. Equally, a line of variant range price movements also now occurs in about several hours of trading.

The 50-day SMA indicator and the Bollinger Upper Band have both conjoined at $1.10 mark. And, they still indicate a downward movement of the crypto-trade. The Stochastic Oscillators have crossed the hairs under range 40 slightly towards the south.

The ONT/USD market bears now consolidate around $0.90 price mark as the downward pressures seem to soon take further effects in the crypto-trade. If the bulls fail to muscle up against the current force at that point, the downturn may continue in an extension to see through more demand levels of the market.

ONT/USD Short-term Trend: Ranging

Yesterday, the ONT/USD market slightly appreciated from around a low of $0.80 point towards averaging a high point at $0.95. Today, the crypto-market has been dominated by lower lows to indicate that the US dollar’s value still somewhat going to overvalue its base element. The 50-day SMA and the Bollinger Middle Band have joined together a bit over $0.90 price line. The Stochastic Oscillators have touched range 20 from the top. And, they still briefly point to the south.

Other ranges of selling wall appear to have set between $0.95 and $0.85 market lines in the short run of this market. The Bulls are expected as well to get set below those trading lines for either correction or a violent spike.

Ontology:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.