FxWirePro: Ontology/USD trades more than 13% higher ahead of MainNet launch, good to buy on dips
Ontology/USD hits fresh year low of $4.11 and shown a good jump of 42% till $5.830 level ahead of Mainnet launch. The Ontology community is holding their “ Socrates MainNet pre launch” today in San-Franciso today and Mai…
Ontology/USD hits fresh year low of $4.11 and shown a good jump of 42% till $5.830 level ahead of Mainnet launch. The Ontology community is holding their “ Socrates MainNet pre launch” today in San-Franciso today and MainNet will go live by the end of June 2018 mostly Jun 30 th. After the release all the NEP- ONT must migrate to Ontology MainNet.
A partnership with Chain of Things (COT) will helpful in buliding platform for creation of Internet of Things hardware.
Technically,on the higher side near term trend line resistance is around $5.84 and any break above will take the pair to next level till $6.66 (200- 4H MA)/$7.04.
The near term support is around $3.89 and any break below will drag the pair to next level till $3.05.
It is good to buy on dips around $5 with SL around $3.89 for the TP of $7.05.
Potential short-liquidation exposure was reported above $85,000 in the week leading up to Oct. 15. A separate cluster near $75,000 has no stated position direction.
Issuance will stay level for about 12 months, then taper to zero over 24 months. Five community-nominated council candidates require confirmation by veHNT holders.
