ONT Technical Analysis: Delicious, But Scary

Juicy and attractive things catch the eye against our will. They dilute the routine of life and give birth to positive emotions in the heart. Apparently, such emotions are felt by investors who have seen the ONT cryptocurrency. What makes this cryptocurrency attractive? First of all, it should be noted that from 2018 the position on this cryptocurrency is still gaining. Of course, it is unknown how much more the price will consolidate. However, the range of prices in the consolidation reaches 500%. In addition, currently the ONT price is in the liquidity range of $0.46. This range has stopped the active phases of the ONT price fall since 2018. https://www.tradingview.com/x/JGPJbTYq/ Therefore, buying the ONT cryptocurrency in this range is a logical decision. The critical point below which the price should not fall is $0.041. In this case, sellers will have a great chance to update the historical low. And a strong liquidity zone of $0.46 will be a thing of the past. The first target of buyers at the moment is at $0.76. It was in this range that buyers were interested in the period from June 2021 to January 2022. Given this fact, a large number of investors will sell ONT in this range (either to capture profits or close their unfortunate position). Technical Analysis Of ONT On The Daily Timeframe https://www.tradingview.com/x/Wo6zDnEU/ However, analyzing the movement of the ONT price on the daily timeframe, we can see that the critical point for continued growth is above $0.41. Triangular consolidation is clearly visible on the chart. Breaking its lower limit will complete the local initiative of buyers. However, despite the last fall wave, which ended on 13 March, sellers do not have the strength to take action. At the time of writing, the ONT price has stopped at the upper limit of consolidation – $0.57. In case of an unsuccessful attempt to break it within a few days, investors will have a chance to buy ONT in the range of $0.44. In this range, the investment risk is low and the likely return is as low as $0.8. The ability to buy ONT cryptocurrency will appear immediately after breaking the mark of $0.8. This fact will be a turning point in the market and after a local correction to buy ONT will be much safer than now. The ONTBTC Price Does Not Inspire Additional Hop For Growth https://www.tradingview.com/x/4MuwkQeu/ The global situation in the ONTBTC market remains unchanged. The price has been moving steadily in the fall channel since 2019. At the moment we see that the weekly candles do not fall below the top of the channel. The middle line is a good support. Moreover, the ONT price came in an important range of 0.00000125. From January 2021, this range stopped the fall of ONTBTC. If sellers can now take control of the 0.00000125 range, they should get rid of their ONT investment. In this case, there will be an update of the historical low and how long the downward trend will last – is unknown.

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