ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 16
- 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.
Live Ontology (ONT) Price:
1 ONT/USD =$0.9546 change ~ -3.50%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.