ONE - New ATH
1D/4H Charts
ONE made a new high after flipping the major daily supply into demand after having broke out of downtrend resistance. Its respecting the major trend having pulled into the golden fib level (0.5 - 0.618) and into a couple of strong daily demand zones, changing market structure, creating a break of supply and a new higher high and higher low.
Looking at the 4H chart, the resistance level had a nice break with lots of accompanying volume and a retest after the flip with lesser volume on the correction wave. Using fib projection we can expect to see the price head towards the 1.272 - 1.618 fib levels respectively.
ONE made a new high after flipping the major daily supply into demand after having broke out of downtrend resistance. Its respecting the major trend having pulled into the golden fib level (0.5 - 0.618) and into a couple of strong daily demand zones, changing market structure, creating a break of supply and a new higher high and higher low.
Looking at the 4H chart, the resistance level had a nice break with lots of accompanying volume and a retest after the flip with lesser volume on the correction wave. Using fib projection we can expect to see the price head towards the 1.272 - 1.618 fib levels respectively.
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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.