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

Published 08/20/2018, 04:40 PM
Updated 08/20/2018, 06:00 PM
 Ontology (ONT) Technical Analysis: Support Continues to Arrive After Successful Korean MainNet Launch
ONT/BTC
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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 ONT/BTC 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

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