• There has been somewhat level of an increase in the ONT/USD market operations.
• The bears are expected to have the market's advantage if the bulls fail to push, and sustain momentum above the $1.60 price level.

ONT/USD Medium-term Trend: Bullish

• Resistance levels: $1.80, $1.90, $2
• Support levels: $1.30, $1.20, $1.10

There has been relatively increasing in the medium-term market of ONT/USD about a couple of days back. The early trading sessions within the last few days witnessed a chain of range price movements around $1.40 mark.

On June 22, the pair staged its slight upswing movements by pushing both against the 50-day SMA and the Bollinger Upper Band to the north at close market’s location. Eventually, the market got a high of $1.70 mark in the course of slight movements to the north. Indicators still briefly point to the north. The stochastic Oscillators now attempt to close hairs over range 40.

The ONT/USD market’s path to the north now appears to find a foundation level for its subsequent upward price movements in the market. On the backside, a breakdown of a price point at $1.50, may lead to a draw-down, or a retest of $1.40 low price mark.

ONT/USD Short-term Trend: Bullish

As at the commencement of ONT/USD short-term market operations today, the pair’s 1-hour candlestick depicted a downward price movement. But, shortly, after breaking down below $1.50 mark, the crypto began to recover slowly within the zones that look like range spots as well to touch a high point around $1.60 mark. The indicators now seemingly point to the east as they are a bit separated around the trading zones of the market as at the time of writing. The Stochastic Oscillators have slowly moved up towards range 80. And, they have now closed hairs.

The ONT/USD market may have to experience a line of range market movements around $1.60 and $1.55 points for a while before moving to a direction. The bears look like gaining the market’s favor while the bulls fail to push, and sustain momentum above the $1.60 price level.

Ontology:

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