Harmony (ONE) - Bullish divergence

BINANCE:ONEBTC   Harmony / Bitcoin
Continuing along the theme that the best opportunities are found in alt-tokens…

On the above 2-day chart price action has corrected 90% since the year began. A number of reasons now exist to be bullish , including:

1) The ‘incredible buy’ signal.

2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence with price action over an extended period.

3) RSI resistance breakout.

4) On the weekly chart you can see price action is testing support on past resistance (below).

Is it possible price action falls further? For sure.

Is it probable? Very unlikely.

Good luck!

PS: I’m not trading this so please ask below for updates.

Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know

weekly chart


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Allow 3-6 months on ideas. Not investment advice. DYOR

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