Ontology outshines most of the cryptocurrencies on the market after a 10% jump. The technical picture suggests that the ongoing reversal will continues until ONT establishes a viable support area. The digital asset market is dealing with acute selling pressure on Wednesday. Though, for selected cryptos like Ontology (ONT) and NEO, the picture is distinctively different. Ontology has defied the bearish pressure to post gains in the excess of 10. On the other hand, NEO is flying the bullish high above the crypto landscape with gains of 8% on the day. The breakout aimed at $10.00 stalled at $0.95. This has allowed a minor correction to $0.9227. Short term support is likely to be established at $0.92 above the accelerated trendline (dotted). The main trendline (black continuous) will come in handy later in the event ONT dips under $0.90. The price is trading above the Moving Averages where the 50 MA on the 1-hour chart holds ground at $0.8676. The 100 MA is standing at $0.8511 above the key support at $0.80. The reversal is likely to continue especially with the RSI retreating from 70. ONT 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next OPEC’s Barkindo says it is too early to say if further output cuts are needed FX Street 3 years Ontology outshines most of the cryptocurrencies on the market after a 10% jump. The technical picture suggests that the ongoing reversal will continues until ONT establishes a viable support area. The digital asset market is dealing with acute selling pressure on Wednesday. Though, for selected cryptos like Ontology (ONT) and NEO, the picture is distinctively different. Ontology has defied the bearish pressure to post gains in the excess of 10. On the other hand, NEO is flying the bullish high above the crypto landscape with gains of 8% on the day. The breakout aimed at $10.00 stalled at $0.95. This… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
