Harmony Market Analysis
Hi everyone if you like the idea or setup please give it a like and a follow
Heres a requested chart of harmony. We been trading in an ascending triangle before breaking it in Oct,2021 but unfortunately resistance turned to support did not hold up strong and market ended back in the triangle (purple line)
In the smaller timeframes (daily) market rejected $0.332 area multiple times and created an indecisive weekly candle, I will be watching the next candle carefully, but I see this as confluence for the push down to $0.19-$0.17, which will be our higher low compared to the previous low.
I’d personally see how price reacts at these zones for a possible buy entry
As always, Be patient, but don’t time the markets
Heres a requested chart of harmony. We been trading in an ascending triangle before breaking it in Oct,2021 but unfortunately resistance turned to support did not hold up strong and market ended back in the triangle (purple line)
In the smaller timeframes (daily) market rejected $0.332 area multiple times and created an indecisive weekly candle, I will be watching the next candle carefully, but I see this as confluence for the push down to $0.19-$0.17, which will be our higher low compared to the previous low.
I’d personally see how price reacts at these zones for a possible buy entry
As always, Be patient, but don’t time the markets
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