ONE is getting ready for another round with Resistance
Chart Frequency: 4 Hour Chart
Pattern: Ascending Triangle
Current FIB Retracement: 0.618
On a 4 hour chart, ONE is moving consistently in an ascending triangle. Going by the pattern, Support line is well protecting it from dropping, which is a good sign for ONE. Also it is currently resting on 0.618 of FIB Retracement , which is another sign that it will bounce back up.
In coming days, we will see ONE again testing the Resistance at 0.2200. SO there are two scenarios to it.
Scenario 1 - ONE breaks the Resistance at 0.220 and then use it as a Support for his ongoing journey
Scenario 2 - Resistance knocks ONE down again and hopefully the next time it comes back, it comes with full BULL pressure to break all the gates.
We are almost at an entry point for both scenarios.
If you like my analysis, then dont forget to LIKE and leave your COMMENTS. Also if you think someone will be benefited from this analysis then do SHARE it with them.
NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely
Pattern: Ascending Triangle
Current FIB Retracement: 0.618
On a 4 hour chart, ONE is moving consistently in an ascending triangle. Going by the pattern, Support line is well protecting it from dropping, which is a good sign for ONE. Also it is currently resting on 0.618 of FIB Retracement , which is another sign that it will bounce back up.
In coming days, we will see ONE again testing the Resistance at 0.2200. SO there are two scenarios to it.
Scenario 1 - ONE breaks the Resistance at 0.220 and then use it as a Support for his ongoing journey
Scenario 2 - Resistance knocks ONE down again and hopefully the next time it comes back, it comes with full BULL pressure to break all the gates.
We are almost at an entry point for both scenarios.
If you like my analysis, then dont forget to LIKE and leave your COMMENTS. Also if you think someone will be benefited from this analysis then do SHARE it with them.
NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.