ONT (Ontology) - Divergence price action, bullish coin!
Divergence
Sounds like something from one of the Matrix films (great films by the way), but on a more serious note, are a really useful way of spotting possible trend reversals or continuations.
ONT (Ontology)
Wow, what a run this coin has had over the last few days, and there seems to be no stopping it. I won't go in to detail here, but in a nutshell, ONT is the popcorn for NEO's movie (in other words, they go together)... more detail here - ONT Medium message board.
I'm hoping the above speaks for itself, but you can clearly see how the price was still posting higher lows whilst the RSI indicator was moving down. This divergence in price compared to the RSI indicator can be the signs of a trend reversal. In the case shown above, price was still moving up, whilst the RSI was moving down, signalling a bearish divergence. The price then did start to drop (at time of writing it has turned bullish again and ONT is continuing its bull run).
Zooming out on the 30min
However, even though ONT looks unstoppable right now, we all know what happens to these strong bull runs, there is always a correction at some point! Much that we want a coin to keep on going parabolic forever to the MOON, it simply doesn't happen (think Bitcoin to 20k and then now look...). So do keep an eye on ONT, but, trade with caution right now, and perhaps wait for some sort of correction to occur before taking an entry point.
Your thoughts???
What do you think about ONT? Will it continue its bull run? If so, for how long, or, will it dump completely like a lot of altcoins do after such a pump?
Please comment and upvote 
SmilingLlama 
DISCLAIMER
SmilingLlama does not provide investment advice, and nothing in his guides or any articles or communications from SmilingLlama should be taken as such, everything is for entertainment purposes. SmilingLlama recommends you seek financial advise from a certified financial advisor before making any investment decisions