Ontology (ONT) Technical Analysis: Support Continues to Arrive After Successful Korean MainNet Launch

Ontology reigns supreme among the top 100 this week, as the best performer against BTC right now with a 69.65% gain over the last seven days. Investor speculation in the runup to Ontology’s Korean MainNet launch was able to lift the asset off the bottom with an initial 150% surge on August 14th after having spent the last three months stuck in a bearish decline.

At the moment the asset is positioning well to continue bullish, especially as the project gets ready to host the next MainNet event in Tokyo soon, on August 25th.

Diving into the 2hr chart we can see that the asset is still uptrending well despite recently failing to retest the head of the initial impulse leg. Candles are almost starting to fall inside a bullish pennant with lower lows and hig…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.