ONE has seen a couple of weeks of strong gains after successfully retesting the July fear bottom. However, with the RSI being overbought and the price on a strong resistance, I'm expecting a minor bearish move in the next day(s).
This is not a problem since we're going to wait for a confirmed break out anyway. Ideally we'd see a big green candle (5% or more) accompanied with large volume to give us more confidence in the break out.
Targets in blue.