ONE short term rallyHello, trading view community, should you like this analysis please support with likes and comments. Thanks.
Never risk more than you can afford to lose.
ONE just made a divergent double top pattern on monthly time frame, according to which we expect a drop in long term.
Anyway still there is hope for short and medium term, ONE is on $0.14 support zone which is a daily level so regarding to the momentum of market and new movement of BTC, one may hope it reaches to next resistance level on $0.17.
in this analysis:
Monthly major pivots and accordingly thier levels have been marked in red,
weekly and daily which are minor to monthly have been marked in blue and green respectively.
So, according to aforementioned legend of this analysis the nest resiatance level of $0.22 & 0.35 are monthly, hence there will be no chance for ONE to break these levels as it is projectiling from a minor level, and it does not obtain enough power to break up the ahead resistance level. unless otherwise BTC could mange to surge and break up $48k resistance level.
the other chance will new entery of smart money into ONE.
in long term there will be a pullback and then crashing down due to its monthly pattern.
Do not forget always, DYOR.
This is personal idea and I am not a financial adviser.
