ONE have been forming a cup and handle pattern for quite some time now, and is finishing up the handle. This could hand some pretty good gains to the day/swing trader's if you get the right entry.
Last year Harmony (ONEUSDT) produced a bullish wave after a major low mixed in with a consolidation pattern.
This year we have the same situation, a consolidation pattern with a lower low that can lead to a strong bullish wave.
Last time this pair grew by more than 200%, the market was weak with plenty of bad news around, this round we can have something similar...
LSE:ONE #Harmony falling wedge played out perfectly. Now keep your eyes on the 1W timeframe. If we break this falling wedge on the 1W timeframe the price can increase even higher. The price increased by 139.17% in total after my call.
I believe the current bull run has concluded, and we are likely to test lower support levels. Consequently, we will adopt a primarily short stance in our positions. Please refer to the 4-hour chart for detailed support levels and avoid maintaining positions for an extended period.
It's important to remember that we are currently in the Christmas holiday season,...
ONE (Harmony) had a fantastic move to the upside and per my last analysis, we capitalized on it. We have now come into contact with the downward-sloping resistance on the Weekly timeframe. Is it time to short?
How do we trade this? 🤔
Short answer, almost. The downward-sloping resistance is a major data point in this analysis, coupled with the two failed...
Catching 🔪..
Initial Entry 0.01505
Must Hold Area.
Stoping if clean break below the area.
Entered into long on this one with the profit margin of APT(linking below)🫠
Note: Not a financial Advice.
T=0.035
T2=0.053
(If Breakout )
Breakout in Technical Analysis refers to when the price of an asset moves above a resistance area or moves below a support area. Breakout Patterns are commonly associated with ranges or other chart patterns. This includes triangles, wedges, head and shoulders, flags etc. Breakout patterns may initiate long positions or exit short...
LSE:ONE
Harmony break through a new zone signaling a strong bullish trend. Today Dec. 26 2023, an OTZ (Optimal Trading Zone) was formed. To confirmed the formation of a potential double bottom pattern, it is crucial for the price to either touch or enter the "OTZ" level without closing below it.
As you can see, in the daily time frame after the downtrend and the trend line are broken. It has started its upward trend. And the first target is in the indicated resistance range
Don't forget the stoploss!
Mock Up Price Action for BINANCE:ONEUSDT | Mid Term (12HR)
- Watching and waiting for opportunity to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions...
1D time frame
-
ONE is breaking out the long-term downtrend with an obvious bottom zone around 0.009. What it need is more volume to push price higher, that would be a perfect breakout. Also, we use Fibonacci Extension and structural resistance to set targets as below.
-
TP: 0.038~0.04 / 0.05
SL: 0.01612
HM signal (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement
- Support at zone @ 0.01788 - 0.01824
It is good to consider buying some at current level, with a good reward to risk ratio. it is likely to trending with higher momentum.
In the weekly time we are involved in dynamic resistance. In the event of close candle weekly and higher stabilization of targets can be expected in the lower time in the specific range we are looking for reasons to enter this analysis is a personal viewpoint and offer is not buy or sell
One (Harmony) is threatening the resistance line with another higher high. This could mean a breakout above the $0.18 price area which opens the door to the $0.22 resistance area. Should we enter a long now?
How do we trade this? 🤔
It's reasonable to enter a long now with a 1:1 Risk/Reward Ratio, selling half of your position at $0.175 just before the previous...
See the ONEBTC trade idea for the start of this lesson.
Let's continue...
Growth has been happening since 16-October after a low was hit.
After breaking above MA200 (black), ONEUSDT starts facing resistance in the form of EMA300 (grey).
It fluctuates a little bit challenging this level twice.
At one point, a retrace happens and EMA200 (purple) worked as...
