bitcoin and litecoin 1xbet

ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – June 12

Ontology Releases OWallet Version, Now Supports Token Swap
  • The short and medium-term outlook is in the uptrend.
  • Buying may be considered at bearish exhaustion areas.

ONT/USD Medium-term Trend: Bullish

Supply zones: $1.40, $1.50, $1.60
Demand zones: $1.00, $0.80, $0.60

ONTOLOGY is in a bullish trend in the medium-term outlook. The bulls temporarily lost momentum at $1.50 in the supply area after an impulsive upward movement n 10th June. The wicks in this area coupled with the bearish spinning top signaled the bears market dominance.

ONTUSD fell to $1.36 in the demand area and shows exhaustion. This was as a market correction and a confirmation to the bullish continuation.

The bulls are back in control of the market with the break of the 10-EMA. The cryptocurrency rose to $1.47 in the supply area as the market open today.

With price above the two EMAs and the signal of the stochastic oscillator pointing up at 62% the price of the coin may rise to $1.60 in the supply area for a retest of the high of 30th May.

ONT/USD Short-term Trend: Bullish

ONTUSD is in a bullish trend in the short-term outlook. The break from the upper supply area of the range at $1.34 on 10th June and subsequent retest confirm the upward price movement.

The cryptocurrency rose to $1.49 in the supply area before the minor consolidation during yesterday session.

Price has remained above the two EMAs with $1.46 in the supply area retested. The stochastic oscillator signal points up at 60% another confirmation to upward price movement.

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

Let’s block ads! (Why?)

Bitcoin Market Price Chart in RealTime

Source: BEG


Get News Update Daily - It is Your Right

Most Trending News On Sleekarena

Thugs beat up Oshiomhole, others

Man Utd identify Aaron Wan-Bissaka alternative with shock new target – fans may be worried

BEST airline in the world for 2019 revealed – did any British airline make top 10?

How herbalist defrauded Korean national of N30m in the name of helping him secure NNPC licence – Witness tells court

Depressed pilot of missing Malaysian Airlines flight MH370 ‘deliberately flew to 40,000ft to suffocate passengers before crashing plane’

Buy or Sell Bitcoin and Litecoin
To Top