Harmony One - 4h symmetric triangle pattern nearing completion

Harmony (ONE) coin is reaching a decision point in its short term consolidation pattern, with the sentiment and momentum being bullish. There are few signs of a reversal in trend, other than the simple fact that it's skyrocketed in price recently. Waiting to see if the breakout occurs. If it breaks bullish, the price target from the measured move to the upside is about a 60% gain from the breakout point, depending on where it actually breaks. The rejection comes if the triangle is broken to the downside, sometime in the next 24 hours.

Comment:

Current moves in Harmony are difficult to read.. it's not giving a clear signal as to what direction to expect next. There's a sort of bull flag on the daily chart, but that's kind of an iffy pattern in my opinion. If the pattern continues to play out as it should, the target of $0.136 is still in play, but if the price breaks down below $0.107 I would consider that invalidated.