Harmony (ONEBTC) – Coin of the week
Harmony is a blockchain technology created to promote the production and use of decentralized applications. It has a market capitalization of $269 million dollars and a 24h trading volume of $84 million. The cryptocurrency was created by a German cryptographer (Stephen Tse) who studied at the University of Pennsylvania. The Harmony mainnet which is focused on speed and validation is aiming to revolutionize block creation.
Technically, the price is “trapped” between the resistance area at 0,00000080 BTC and the support zone at 0,00000040 BTC. We have to study the price action of the up move that started on 23 February and see if this is the one who will break the resistance and go on to make higher highs or is the price going to reverse and retest the support again or the huge liquidity pool sitting at 0,00000027BTC before going to begin the up move. Even is the price falls from here to the liquidity pool or making new historical lows for this coin the big move is to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, the price is “trapped” between the resistance area at 0,00000080 BTC and the support zone at 0,00000040 BTC. We have to study the price action of the up move that started on 23 February and see if this is the one who will break the resistance and go on to make higher highs or is the price going to reverse and retest the support again or the huge liquidity pool sitting at 0,00000027BTC before going to begin the up move. Even is the price falls from here to the liquidity pool or making new historical lows for this coin the big move is to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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