MyCryptoParadise_Nathan

ONE/USDT Breakout the major pattern, Bullish Momentum for ONE!

BINANCE:ONEUSDT   Harmony / TetherUS
πŸ’Ž ONE has recently experienced notable market dynamics, breaking out of a major descending triangle pattern, indicating a bullish momentum.

πŸ’Ž However, the price now requires a retesting phase either at the demand zone or the Bullish OB area before continuing its upward movement towards our target area.

πŸ’Ž If during the retesting phase, ONE fails to bounce and instead consolidates with weak volume, this could be a concerning sign. It suggests the potential for the price to break down below the demand zone, with the next likely stop being the Bullish OB area.

πŸ’Ž Moreover, if the Bullish OB area also fails to sustain ONE above it, resulting in a breakdown, it would confirm a false breakout. In such a scenario, ONE could revert to a downward movement, with the possibility of returning to the strong support area.

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