ONE
ONEUSDT (ONE) - BULLISH SETUP ANALYSIS 🔎
- ONEUSDT hit an ATH and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1), this is a bullish signal.
- There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern.
- Price hit a swing high and retraced (right shoulder formation).
- Price is retesting the descending trendline resistance (DTR-1), horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The minor retracement at the right shoulder is resisted by the descending trendline resistance (DTR-2).
- Breakout above the descending trendline resistance (DTR-2) could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern).
- Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Breakout above the inverse head and shoulders neckline resistance (NR).
TARGETS 🎯
- All Time High (ATH) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below 0.786 fibonacci retracement level.
- Final invalidation : breakdown below previous swing low horizontal support level (S2).
$ONE. Reversal Structure. My favorite chart pattern.It's an absolute joy when I see this chart pattern. I don't know why. I can't explain it. It just is such an awesome pattern.
The analytical portion of me would say it's because this pattern requires the fitting together of multiple pieces, and there is a little bit of delayed gratification in coming to this eventual conclusion.... but let's just say I enjoy seeing this pattern.
I could call it the palm tree pattern! These are the trades that make me see beaches and sunlight.
Filling the GAP is inevitable, but are we continuing to go up?Well well, BTC is coming back strong to test that old support as a resistance now, Since we are over the 8 weekly MA we could continue to go up,
or that resistance could send us back down again to touch the 21 Weekly MA before going up again, or maybe even lower if things go bad.
But with all that institutional money coming in we have to stay strong and wait for another break on the 8 Weekly MA,
if that happens it will be the time to close positions.
Also, it Alts time right now, so stay alert for eventual pull backs, but for now Alts are in the bullish direction, don´t loose that opportunity.
Harmony ONE the road to $0.26 very soon !just a projection of firt stop for harmony One after it moons upward !
after $0.26 level we expect a bit of correction , consolidation back to $0.18 then moon all the way to $0.5~$0.8 before the end of the bullrun !
Harmony One is such an undervalued project and it's chart pattern reminds me of FANTOM FTM 's , FTM was in few cents area , exploded to $0.16 then another wave to $0.80.
Time is on our side but don't be fooled ! stick with good and solid projects , buy them low and sell high ! i respect HODL term , but i will not HODL altcoins for 3 years !
May the GAINS be with you .
I have a question for you guys...I am not bearish right now, but I think BTC could be stopped at the 59k GAP.
And maybe we could keep testing lower lows to maybe fill that 24k GAP.
It`s just an hypothesis, everything could happen, but If that happens I want to be prepared.
So, my question is, out of those gaps, which one you would consider as a strong magnet to get filled in case we have another long leg downwards?
🆓Harmony/USDT Analysis (1/5) #ONE $ONEONE has just conquered the 0.14$ zone and is heading to 0.19$ and 0.24$ zone, it could reach those zones in May
📈BUY
-Buy: 0.137-0.143$. SL B
📉SELL
-Sell: 0.176-0.184$. SL A
-Sell: 0.23-0.24$. SL A
♻️BACK-UP
-Buy: 0.117-0.123$ if A. SL B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Harmony is within a huge correctionAs you see the chart above, Harmony (due to wave 2) wants to form a huge correction. I think wave A of the correction is completed and now it's within wave B. Then wave C will be started and collapsing continuation. After that wave 5 which is a upward one will be started. So pay attention to it!
🔥 ONE Bull Flag Break OutONE, like many other cryptos, has seen a prolonged period of bearish price action.
It appears that the major sell-off of last week was the catalyst for another strong bullish push of many crypto assets. The bullish price action of ONE has made it pierce through the downsloping channel, making it a bull flag break out pattern.
First near term target would be the current ATH.
Happy trading!
ONEUSDT ONEUSDT (1H CHART) Technical Analysis Update
Descending channel
ONE/USDT currently trading at $0.128
Buy-level: $0.125 - $0.130
Stop loss: Below $0.109
Target 1: $0.150
Target 2: $0.165
Target 3: $0.175
Target 4: $0.200
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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