Ontology price has defined a two-year base. Impressive recovery from the December 2020 low driven by heavy buying. Handle development is removing the extreme overbought condition. Ontology price, over the last two years, has carved out a cup-with-handle base with significant upside potential in the short and long-term. Strong volume and an extreme overbought condition demonstrate the upward momentum off the December lows. Ontology price nearing a Golden Cross From the December 2020 low to the February high at $1.66, Ontology climbed almost 700% and formed the right side of the cup-with-handle base. The handle may take some time to complete in order for the symmetry of the base to be aligned. A daily close above the handle high at $1.66 will alert traders to the new opportunity. The immediate upside potential is the 0.618 Fibonacci retracement level at $2.57, representing a 55% gain. A Golden Cross of the 40-week simple moving average (SMA) above the 100-week SMA would further confirm the breakout. From a longer-term perspective, the outlook is equally bullish with a measured move target of $13.23 exceeding the all-time high of $12.21 and representing a 700% gain from the handle high. ONT/USD weekly chart A decline from here will not discover meaningful support until the intersection of the moving averages around $0.74. Slightly below is the downtrend line from June 2020 and then the December low at $0.34. 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 Silver Price Analysis: XAG/USD recovery falls short of luring bulls below $26.40 FX Street 1 year Ontology price has defined a two-year base. Impressive recovery from the December 2020 low driven by heavy buying. Handle development is removing the extreme overbought condition. Ontology price, over the last two years, has carved out a cup-with-handle base with significant upside potential in the short and long-term. Strong volume and an extreme overbought condition demonstrate the upward momentum off the December lows. Ontology price nearing a Golden Cross From the December 2020 low to the February high at $1.66, Ontology climbed almost 700% and formed the right side of the cup-with-handle base. The handle may take some time to… 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.