ONT - Daily - "Looks Quite Bullish""👍✋Not financial advice, do your own due diligence ✋👍
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🛑Legacy🛑
- Linear Regression Line(LR) is the green/red worm-like line.
- Major Resistance Line(MRL) is the color fuchsia.
- Major Support Line(MSL) is the color aqua.
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➡️Technical Standpoint⬅️
1.) Its willingness to stay above the LR signals a change in trend.
2.) Currently at a major support line and holding which is a plus.
3.) Personally looks a lot like a fake head and shoulders. Market volatility can force it downwards to make it seem like a real one, but in reality its just to fill larger positions, and return back up.
➡️Fundamental Standpoint⬅️
1.) NEO and ONT tend to move together. NEO has news in march regarding NEO 3.0 testnet, and eventual mainnet.
2.) The Chinese economy has been growing even during this pandemic. Great sentiment for both projects.
➡️Current Season⬅️
- Altseason; about a few days into the new season transition.
