ONTOLOGY, HOW DO YOU GO?

Good evening steemians.

Tonight we will take a look at ontology.

At the moment it has a value of 5290 satoshis, recently it has been a subid of 2x and in these moments it is presenting a correction, which makes it very interesting.

When we see the 4 hour chart, we observe that the closest report is found in the 4577.

Fuente

Tracing fibonachi we are close to the level 38% is very likely to touch it or get closer.

By looking at the indicators the stochastic is oversold and the rsi is at an intermediate level, an interesting option would be to expect it to test the 38% level of fibonachi and that the sthocastic and rsi are below 30.

When we see the 1h time frame the indicators are at intermediate levels, which tells us that we are in an uncertainty, we should wait for movements to make our move.

Fuente

For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.

I say goodbye thank you for your attention, have an excellent week.

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.