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Oneusdtlong

Technical Analysis of Harmony (ONE/USDT) BY BLAŽ FABJANTechnical Analysis of Harmony (ONE/USDT) BY BLAŽ FABJAN Chart Pattern: Falling Wedge Pattern: The chart shows a classic falling wedge pattern, which is a bullish reversal pattern typically indicating the end of a downtrend and the potential beginning of an upward move. This pattern is characterized by a contracting range between support and resistance lines, with the price eventually breaking out above the resistance line. Current Price Action: Entry Point & Stop Loss: The chart suggests an entry point around the current price level with a stop loss slightly below the recent low. This aligns with a strategy to enter a trade after a breakout from the falling wedge pattern. Volume Analysis: The volume appears to be decreasing during the formation of the wedge, which is typical in such patterns. A surge in volume upon the breakout would confirm the bullish sentiment. Indicators: VMC Cipher B Divergences: The indicator below the chart suggests a positive divergence, meaning the momentum could be shifting from bearish to bullish, further supporting the potential upward movement. RSI (Relative Strength Index): The RSI is hovering around the 50 mark, indicating a neutral zone. The RSI is likely to push higher if the price continues upward, confirming bullish momentum. Stochastic RSI: The Stochastic RSI appears to be in the oversold region and is crossing upward, which typically signals a potential entry for a long position. Trading Plan: 1. Intraday Trading: Entry: Enter a long position at the current price level around $0.01130 after confirmation of the breakout. Target: Look for a quick target around $0.01250 to $0.01300, which aligns with previous resistance levels. Stop Loss: Place a stop loss slightly below the entry, around $0.01050, to protect against downside risk. Exit Strategy: Monitor the trade closely. If the price struggles to break above $0.01250, consider closing the position to secure profits. 2. Scalping: Entry: Enter long on minor dips around the support line near $0.01120 to $0.01100. Target: Set tight profit targets at $0.01160 and $0.01190. Stop Loss: Use a very tight stop loss, around $0.01100, to limit potential losses. Exit Strategy: Quick exits are essential in scalping. If momentum slows or reverses, exit immediately to secure gains. 3. Swing Trading: Entry: Enter a long position around the current level, confirming the wedge breakout. Target: Target a swing move towards $0.01400 to $0.01500, where the next major resistance is expected. Stop Loss: Place a stop loss below the recent low, around $0.01000, to account for potential volatility. Exit Strategy: Hold the position as long as the price continues to trend upwards. If there is a significant rejection at the target levels, consider taking profits. Conclusion and Advice for Long Position: Bullish Bias: The chart indicates a bullish bias with a strong potential for upward movement, especially after the breakout from the falling wedge pattern. The RSI and Stochastic RSI also support this outlook. Advice: For a long position, consider entering now with a target towards $0.01400 or higher. However, it's crucial to maintain a disciplined approach with proper stop-loss settings to protect against potential downside risks. Risk Management: Ensure proper risk management by not over-leveraging and sticking to the stop-loss levels. The market can be volatile, so staying cautious while capitalizing on the potential uptrend is key.
Long
by elfabiiani
ONE / ONEUSDTWe have two scenarios for the price, the first is that we are in an upward correction wave and then the price falls again. Second, the price is in a fourth corrective wave and still has more to fall, then the price rises again. Good Luck >> • Warning • Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end. The risk management of the position must comply with the stop loss. (I am not sharing financial or investment advice, you should do your own research for your money.)
by J_umaa
ONE target 0.024 $ 0.051D time frame - ONE is consolidating under the long-term downtrend, and retesting the 0.618 Fibonacci Retracement, so here is a good timing to set up a perpetual trading plan with 3.6 RR. Also, there is a strong support on higher time frame around 0.008~0.010, this is a great zone to accumulate spot if ONE come back again in future. Therefore, I provide two trading plans for perpetual and spot. - Perpetual: TP: 0.024 / 0.031 SL: 0.0119 Spot: TP: 0.05 SL: 0.0079
Long
by EthanTW
1