✳️ Harmony (ONE) Long-Term Bullish Moving Averaged Based (940%)

BINANCE:ONEBTC   Harmony / Bitcoin
Good Monday my fellow traders and happy holidays... I hope you are having a wonderful Christmas time.

On these charts we plot mainly 7 moving averages:
— EMA10
— EMA21
— EMA50
— EMA100
— EMA200
— EMA300
— MA200

Using these, we can keep things easy.

We know Harmony (ONEBTC) is now bullish because it is trading above most of these MAs.

ONEBTC is trading above EMA200, EMA100, etc., as well as MA200.
The only missing one is EMA300 which is for long long-term potential confirmation.

➖ Above EMA200 we say the long-term bullish potential is active.
➖ Above EMA300 this same potential is now confirmed.

The moving averages work the same as the RSI, MACD and volume to gauge the strength of reversal signals. Meaning, if prices are low as they are now, very close to the bottom yet the pair is trading above major moving averages, this is a strong indication that a strong bullish wave can develop.

We will look at ONEUSDT next using the moving average to expand on this topic.

Make sure to visit my profile for the next trade idea.


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