ONEUSD about to start a parabolic rallyHarmony is approaching the end of its second Accumulation Phase of this Cycle. The pattern is based on the previous Cycle that spanned for the whole year of 2020. Once the 2nd Accumulation phase of Cycle 1 ended, a Parabolic Rally started that took ONEUSD to Cycle 2.
As you see the two are similar with clear legs (1-2-3-4) indicating an identical price action. Notice that the best buy signals within those patterns are given when the Ichimoku turns red while the 1D RSI forms a Channel Up coming from the 30s level. We are on such a position right now. This indicates that ONE may be very close to start the new Parabolic Rally.
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