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Nick.TkgProfits
Jul 10, 2022 5:17 PM

🧐 Cup and handle Formation for $ONE 

KUCOIN:ONEUSDT240
Harmony / TetherKuCoin

Description

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Okay, to be completely transparent.

This chart is purely hypothetical, and me just predicting what could possibly happen in the future.

Keep in mind I could be completely wrong.

At first earlier in the week, I didn't publish the chart where I had drawn out some lines for harmony one.

The lines that were drawn out were for a rising wedge, I wasn't completely sold that it was a wedge

which is why I didn't publish it.

I took a look today and

price action looks different. Now, given BTC does something completely different.

For me, it looks like harmony ONE is forming a cup and handle formation. I've been pretty dead-on when calling these out in the past.

Now again, perfection doesn't exist and I could be completely wrong.

but I wanted to make this chart to give people a visual of what could possibly happen and where we could possibly end up.

The target is outlined.


I do this for yall, again thank you all for the support!

Comment

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Comment

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We are in the profit!!! LFG!!!!


Cup And HandleONEUSDToneusdONEBTCharmonyharmonyoneharmonyusdtContains image
Comments
Jacktradestonkies
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I bought in at what I thought might be the bottom of the handle $0.020, stop loss at $0.018. But I also have a buy limit order in at $0.016 to DCA if it goes down further. Macro picture I think ONE will come back up in the next few weeks, but obviously I don't have a crystal ball. I just feel it is undervalued at the moment compared to other ALTs. Comparing ONE to BTC at the moment, BTC is going down farther relative to ONE, so that is a good sign that ONE "wants" to be bullish at least in the short term, and BTC is dragging it down. We could see a wave 5 bottom beyond $0.16 after a pump. I am carefully watching this trade. Not financial advice, just my hopes and dreams 🤣🤣🤣.
Jacktradestonkies
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It could be... if so the handle is going a little deep at the moment. But compared to BTC the retrace is not near as deep. I have Bullish feelings about harmony in the short term.
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