ONEUSDT potential parabolic
Updated
Harmony One is just getting started. With heavy support from Binance (the Binance stablecoin was launched on Harmony) and a relatively low market cap, a parabolic move is possible, contingent on a continued uptrend in Bitcoin and subsequent follow through from the Alts. With price action consolidating (slightly to the downside) over the past few days and volume dropping rapidly, a major move is likely to come soon once volume ticks back up. A drop backed by heavy volume coming out of this period of consolidation will instantly invalidate this parabolic pattern.
Note
A break of upper resistance (indicated in striped line) has taken place. It appears that pressure to the upside is gradually starting to build on the order books in spite of low volume after failed attempts to break to the downside.Note
Parabolic move in progress
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