quantguy

Harmony ONE Starts 2022 with a PUMP!!

Long
BINANCEUS:ONEUSD   Harmony / USD
Harmony ONE started 2022 with a bang, crushing the performance of Bitcoin and other 'majors'. It has seen tremendous growth blasting from the mid $0.20's to $0.32. There seems to be growing interest from investors in younger crypto projects that show a lot of promise. Additionally, Harmony has a burgeoning NFT marketplace, so it seems to check all the boxes. Finally, they just released a Bitcoin bridge, which seems to be getting a lot of attention lately. Coinbase has announced adding more coins in 2022, and Harmony ONE certainly seems like a great candidate. Their team has focused on the technology, rather than marketing and hype, which may be why this project has been a 'sleeping giant' for so long.

We have blasted past $0.22, which was May 2021's high, and upper anchor to our first set of Fibonacci levels. This provided support when we dipped at the tail end of 2022. We have blasted past two more Fibonacci levels on the more recent rendition of levels to the right. Acheiving the $0.30 handle (and holding it) was a significant step for Harmony. In the past, we were able to break higher, with all time highs around $0.38, but were unable to sustain it. We dipped with the rest of the crypto market pretty hard, down to $0.16 or so. We are delighted to have added to our position at those prices.

Currently, we are breaching the 0.886 level, just below our upper anchor at $0.318. We've rallied for the past three days and covered a lot of ground so it is reasonable to expect a retracement. If so, $0.318 and $0.289 are reasonable targets. Watch the vacuum zone past that to the 0.618 Fibonacci level at $0.239. If momentum sustains, we should be able to hit $0.35 soon. If this keeps up, we could acheive new all time highs which would be a tremendous accomplishment for this project.

In conclusion, we have been on record as bullish on this project for some time. The new year has shown a lot of interest in the Harmony ONE project, and we anticipate this to continue. The team keeps pumping out significant accomplishments, and investors are starting to take note. If this gets listed on Coinbase, we could easily hit $1 this year.

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