ONEUSDT
➰ONE- Flat correction almost doneThe idea here is that the whole price action since March 2021 is a running flat correction and is about to fill it's last (5) leg of wave (C)
Fib extensions are pointing at about ~0.81 as potential bottom .
Even if the idea is wrong, the price is about enter previous zone of accumulation, so it's likely that soon we'll see a bounce anyway👍
ONE Harmony diamond hands are finally given up. Bitcoin once again shaken out all the FOMOers in Altcoins.
While people picking up the great Altcoin but without Bitcoin they are just trashes and promises.
ONE gets really ugly recently and if it does not break up from of this descending triangle.
We will see ONE drops to the April 2021's Low.
Except Bitcoin, all of the Altcoin are highly overvalued.
Maybe Bitcoin is ready to shake out all of the Altcoin.
NFA.
HARMONY ONE WANTS TO MOVE UP BUT BITCOIN IS HOLDING ALTS#ONE & almost everything is struglling due to BTC.
ONE same scenario as #BAND, if it closes RSI above 50 we can expect upside.
Many alts seems like they have bottomed but it is BTC and Overall Market not letting them pump plus low volume due to weekends.
ONE trend follow longPrice hit daily support, flat line underextended, at lower bb band. Momentum in lower moves decreasing on mid term time frames. On 15 min, we are seeing price respecting an uptrend line, had a morning star at trend line, and then a high volume impulsive bullish candle move away from trend line and above moving averages.
Stop loss: Below trend line and higher low of previous move
Take Profit: At next structural resistance level of current downtrend
ONEUSDTHello guys.
Hope you had good trades today.
As BTC was rejected today from an important level, I think the bears gain strength in the market and the market would lend to a correction for some days.
One was also rejected from this level if we look closer to 4h chart, the red candle with high volume covers the two green candle which I thought was a breakout. So the break out is failed for now. The RSI also confirms this.
Therefore I think there should be correction.
Happy trading and I hope you all benefit. :)
The setup is my personal setup but you may do as you think.
ONE is Long afBINANCE:ONEUSDT
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Testing a crucial resistance, once broken, there is no coming back anytime soon,
Price Broke both EMAs (21 and 55), and EMA 21 closing in on EMA55 (which shows bullish momentum)
MACD shows Convergence with Bullish Momentum
RSI 65 (not oversold, which provide availability for a potential uptrend)
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Trade Carefully! Cheers!