ONE/USD - At major resistance, wait for breakout / buy support!
Harmony has hit the major resistance from our previous ATH. Hence, don't expect a pump right now because price will take a few more days to recover before a new attempt to break out.
If we manage to hold the price above the $0.15 level we should be looking good for another try to break above our ATH and then have a nice rally / price discovery.
For now it is best to wait and let price show the way.
The indicators are still very much bullish to me, including volume that was very good on the last two green days. Buyers came in strong from our support and now they took profit.
On the weekly timeframe, ONE looks very good on MACD, RSI and volume. So I would not be surprised to see continuation. In such a scenario, any buys of support will be great entries. If you buy anywhere around $0.15 you should be good in such a setup.
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If we manage to hold the price above the $0.15 level we should be looking good for another try to break above our ATH and then have a nice rally / price discovery.
For now it is best to wait and let price show the way.
The indicators are still very much bullish to me, including volume that was very good on the last two green days. Buyers came in strong from our support and now they took profit.
On the weekly timeframe, ONE looks very good on MACD, RSI and volume. So I would not be surprised to see continuation. In such a scenario, any buys of support will be great entries. If you buy anywhere around $0.15 you should be good in such a setup.
Like and follow if you liked this idea!
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