ONTOLOGY

By vivelavie101

Updated

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If the support holds, ONT will attempt to break to resistance zone a second time

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if the support breaks it will most likely reach the 1.06$ zone wich coincide with the 0.5 fib level or the 1.03$ key line just under

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You can see the support zone is strong, it rejected price action instantly. It should retest resistance soon but it might test the green zone another time.

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Price didn't manage to reach the resistance zone and broke our support zone. It should reach the 1.03 key line.

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ONTOLOGY seem's to have found support at our key line. Altough the RSI seem's to announce a correction. I will wait and see if the correction brings the price action under our key line. If price consolidates and manages to stay above the key line during the correction ill be buying. If ONT manages to show a bullish bounce of the key line, I will also be buying

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Double bottom formed on the key line, this should give ONT momentum to reach the resistance level shown whit the red zone.

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ONT is now reaching for target

vivelavie101

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