Harmony ONE parabolic fractal to play out?
Hi everyone!
Harmony ONE is one of my biggest holdings, and I've been bullish on ONE since $0.0027 in May of 2020. It went on a parabolic uptrend from end Jan to March, and if you look at where I've marked in the charts, you can see that the slopes got steeper and steeper as time went on. In total, we saw about a 28X from Feb 1 2021 to March 29 2021.
I see that we may be entering a similar parabolic phase right now, with the slopes getting steeper and steeper. I've marked out the current slope and projected upcoming steeper slope on the charts. Note that if we see the current trendline (in green) break, it doesn't invalidate this idea, unless the previous trendline (in blue) is also broken.
The price target is the 1.618 Fibonacci extension level at $0.33 by mid Sep. I'll be taking 50% of my holdings off the table at that point, and scale out progressively up to $0.9, at which point I'll be selling the rest of my position (and retiring :D).
Hope this helps and note that this is just my opinion, personal prediction and for educational purposes only! Do your own due diligence. :)
Harmony ONE is one of my biggest holdings, and I've been bullish on ONE since $0.0027 in May of 2020. It went on a parabolic uptrend from end Jan to March, and if you look at where I've marked in the charts, you can see that the slopes got steeper and steeper as time went on. In total, we saw about a 28X from Feb 1 2021 to March 29 2021.
I see that we may be entering a similar parabolic phase right now, with the slopes getting steeper and steeper. I've marked out the current slope and projected upcoming steeper slope on the charts. Note that if we see the current trendline (in green) break, it doesn't invalidate this idea, unless the previous trendline (in blue) is also broken.
The price target is the 1.618 Fibonacci extension level at $0.33 by mid Sep. I'll be taking 50% of my holdings off the table at that point, and scale out progressively up to $0.9, at which point I'll be selling the rest of my position (and retiring :D).
Hope this helps and note that this is just my opinion, personal prediction and for educational purposes only! Do your own due diligence. :)
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