18.2.2021 - Ontology (ONT / USD)
Hi Traders!
Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market.
First of all, we would warn against high expectations. The fundament around this coin is not as strong as it used to be, as new projects and new technologies are still coming to the market. Nevertheless, we think that the ONT still has great potential, which we can turn into an evaluation in the coming months. The ATH of this coin is above $ 12, but if we count also with overall fundament, we would aim at a maximum of $ 5.51.
In this chart, we can also see 3 basic cycles - growth, decline and consolidation. In this case, however, it's a little different than last week at EOS. Week ago, ONT broke the trendline and thus also the consolidation structure. Of course, this does not mean that we have to climb to the targets immediately. Growth should gradually accelerate upwards and we see this trade in a few months' horizon (up to the summer).
From the point of view of targets, we would again step out of the trade gradually and "preserve" profits. The most important thing in this chart is the broken trend. We have a clearly defined trend and, if nothing fundamental changes, this chart should continue to grow.
May the crypto be with you!
Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market.
First of all, we would warn against high expectations. The fundament around this coin is not as strong as it used to be, as new projects and new technologies are still coming to the market. Nevertheless, we think that the ONT still has great potential, which we can turn into an evaluation in the coming months. The ATH of this coin is above $ 12, but if we count also with overall fundament, we would aim at a maximum of $ 5.51.
In this chart, we can also see 3 basic cycles - growth, decline and consolidation. In this case, however, it's a little different than last week at EOS. Week ago, ONT broke the trendline and thus also the consolidation structure. Of course, this does not mean that we have to climb to the targets immediately. Growth should gradually accelerate upwards and we see this trade in a few months' horizon (up to the summer).
From the point of view of targets, we would again step out of the trade gradually and "preserve" profits. The most important thing in this chart is the broken trend. We have a clearly defined trend and, if nothing fundamental changes, this chart should continue to grow.
May the crypto be with you!
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