ONEUSD ATH retest incoming
ONEUSD printing higher highs after hitting its all time low back in March 2020.
The main basis for this bullish bias is the recent golden cross (DMA 50 and DMA200 crossing over) that occurred on February 6th. Last time this happened was on July 1st, when the same pattern occurred and sent prices up 270%.
A new golden cross pattern forming up right now could send prices to another 270%, which coincides with the ATH level.
The RSI appears slightly oversold, if prices retest the 0.0084 Fibonacci level (lowest green line) it'd offer an excellent opportunity to get in. If prices clean break the second lowest Fibonacci level, at 0.00128, instead of retracing, the long opportunity should still be considered as prices would be rallying towards the ATH target by then.
Good luck to everyone out there.
The main basis for this bullish bias is the recent golden cross (DMA 50 and DMA200 crossing over) that occurred on February 6th. Last time this happened was on July 1st, when the same pattern occurred and sent prices up 270%.
A new golden cross pattern forming up right now could send prices to another 270%, which coincides with the ATH level.
The RSI appears slightly oversold, if prices retest the 0.0084 Fibonacci level (lowest green line) it'd offer an excellent opportunity to get in. If prices clean break the second lowest Fibonacci level, at 0.00128, instead of retracing, the long opportunity should still be considered as prices would be rallying towards the ATH target by then.
Good luck to everyone out there.
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