ONT Technical Analysis in a 3-Day Timeframe

24 août

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

ONT has shown a decent rebound from the support trendline and is now facing resistance at the 21 EMA. ONT needs to break and close above the 21 EMA to continue its bullish rally.

With 20 hours left for the 3-day candle to close, it will be important to see whether ONT continues its bullish momentum. The RSI has formed a bullish divergence and is already moving upward.

Accumulating ONT between $0.15 and $0.17 could be a good range.

Key levels:

- Support/Accumulation: $0.15 to $0.17.
- Crucial Resistance: 21 EMA $0.1948.
- Target: $0.5.
- RSI: Bullish Divergence.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE