Priceline of One / Bitcoin cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000071 to 0.00000068
Sell between: 0.00000073 to 0.00000078
Today Binance announced that they will support the ONE staking program, an incentive for users to hodl their coins.
Looking at this chart I see a trend continuation setup, anticipating the AB=CD harmonic pattern to be competed
Try to sneak in around 77 sats
Stop will go under the red line, around 72 sats.
Target 91 sats
Once we close above 0.5 level, the stop...
Looking closely on the trading pattern on OneBtc we can see a potential falling wedge which got broken upside and price aiming down for a re-test on the pattern set up before flying up. It worth keeping an eyes on.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.
Level to watch...
Most IEO Coins are holding well after the big dump. ONEBTC can be considered on the dips if we hold the Green Zone as a Support. This is not a buy call. Lets revisit once we are in that zone. Keep an Eye
ONE/BTC is about to complete the Cup & Handle pattern.
Wait for a breakout. If the resistance at 330 breaks, get ready for the targets!
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The information given is never financial advice. Always do your own research.
I opened a position here on ONE. I like the potential macd bull cross, with upticking histogram, bull break of the pennant and declining dominance. I'm in!
Signal Type: Regular (Long)
Entry Zone: 74-76
Take-Profit Targets: 80-90-100-110-120
Stop Targets: 71
Pushing above ~78sats level (matching EMA50) w/ increasing volume (+600BTC binance 24hs)
UCTS Buy signal active on the 1D as RSI quickly goes bullish
Zooming in: I would to wait for a level flip prior taking a position here (if not looks like buying resistance)