Build on Harmony Bridge to All Chains (ONEUSDT analysis)📉📈
Cardeno is known as Ethereum Killer, but in these hot crypto days in social medias, you may probably have heard , that has found a new competitor for Cardano called Harmony.😎
Well, I want to go a little deeper.
What Is Harmony (ONE)?
Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.
coinmarketcap- harmony.one
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📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for ONE/USDT, the price is trading around 0.23 $ right now.
Recently, in the last two candlesticks, harmony broke its local resistance and hited its ATH . If maintain above 0.21-0.23 $ , it will continue to grow easily because it has no obvious resistance in its path.
In terms of Elliott waves, this wave can be considered the fifth wave of this uptrend.
and additionally the crypto market conditions are also favorable.
The rest of the points are clear in the chart or in case of ambiguity, leave a comment at the bottom.
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
💥(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
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👉This analysis is my personal opinion ,not a financial advice ,so do your research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
Well, I want to go a little deeper.
What Is Harmony (ONE)?
Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.
coinmarketcap- harmony.one
------------------------------------------------------------------------------------------------------------------
📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for ONE/USDT, the price is trading around 0.23 $ right now.
Recently, in the last two candlesticks, harmony broke its local resistance and hited its ATH . If maintain above 0.21-0.23 $ , it will continue to grow easily because it has no obvious resistance in its path.
In terms of Elliott waves, this wave can be considered the fifth wave of this uptrend.
and additionally the crypto market conditions are also favorable.
The rest of the points are clear in the chart or in case of ambiguity, leave a comment at the bottom.
--------------------------------------------------------------------------------------------------------------------
tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
💥(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
