Long

$ONE/USDT - Potential daily channel & bull flag

By dimuthj

Updated

If BTC continues to rally we could see a channel and/or bull flag breakout on ONE.

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Looks like is retesting (confirming) the recent channel breakout attempt.

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trying to complete its' pattern/s.

Could come down to retest the 0.618 or 0.5 fib first. Looking strong either way.

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This is still looks to be playing out even after the recent flush. Hoping it means continuation to the upside for all coins.

Top of the white channel and the 0.236 fib needs to keep holding support.
Need a close above the 0.382 fib as well to keep the higher-low.

Back down into the white channel if not.

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still following the Daily measured move like a beauty since August. The pole's move may get front run, so taking leveraged profits between $0.27-$0.31, but holding spot bag a lot longer; aiming for $0.70+ region before selling spot.

Posting a new chart later also, showing potential DCA longs markers for the inevitable retrace.

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Having said that the Monthly trend still looks like $0.37 region is up for grabs.
See previous MONTHLY post

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Like a glove

dimuthj

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