Since 26 Mar 2021,that I posted the last analysis for Ontology ,by testing the higher key Resistance zone it rejected and failed to rise , then almost as other altcoins has been declining till now!
So today as you see on the Weekly timeframe for ONT/USDT again , after a little consolidation phase underneath of current PIVOT zone recently has had 3 consecutive bullish candle ,also according to positive divergences that recently appeared , now it can continue its uptrend , so in this case if it be able to overcome the pivot zone and then breakout the descending trend line ,it can reach the higher resistance zones and likewise to see higher R zone OR even test VWAP line , but likely will get rejected at the higher resistance zones so we also think about both long then short position ! but otherwise if losses the current zone it can again see the lower support lvls!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯