$ONT
1. SUPPORT AND RESISTANCE LEVELS:
SUPPORT: Price levels where ONT tends to find buying interest (e.g., $0.90).
RESISTANCE: Price levels where selling pressure emerges (e.g., $1.20).
Watch for price movements around these levels for potential breakout or breakdown opportunities.
2. RELATIVE STRENGTH INDEX (RSI):
RSI = 100 - (100 / (1 + RS)), where RS = Average gain / Average loss over 14 periods.
Overbought: RSI > 70 (Price may be overextended and due for a pullback).
Oversold: RSI < 30 (Price may be undervalued and set to reverse upwards).
3. MOVING AVERAGES:
SMA (Simple Moving Average): Averages closing prices over a set period (e.g., 50-day and 200-day).
Golden Cross: When a short-term SMA (e.g., 50-day) crosses above a long-term SMA (e.g., 200-day) โ bullish signal.
Death Cross: When a short-term SMA crosses below a long-term SMA โ bearish signal.
4. VOLUME ANALYSIS:
Volume confirms price action. A price increase with high volume signals strength, while low volume might signal weak momentum.
5. BOLLINGER BANDS:
Upper Band: SMA(20) + (2 * Standard Deviation)
Lower Band: SMA(20) - (2 * Standard Deviation)
Overbought: Price touching or exceeding the upper band.
Oversold: Price touching or falling below the lower band.
TRADING ALERTS:
BULLISH ALERT:
Buy if ONT breaks above resistance at $1.20 with high volume, and RSI is under 70.
BEARISH ALERT:
Sell or Exit if ONT falls below support at $0.90, or RSI drops below 30.
ALWAYS USE STOP-LOSSES AND MANAGE RISK to protect your capital.