ONE/USDT Update: First supportline demolished. Can we come back?
ONE had an amazing run in Q1 2021.
Now we see the expected pullback which honestly is a bit longer than expected.
The last big pullback was together with the whole market and this is something that can happen at any time.
We assumed 0.1$ was the new floor but we are currently below the support line.
ONE needs to get back on top for a solid recovery.
Currently we are still in the middle of a short term downtrend.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Now we see the expected pullback which honestly is a bit longer than expected.
The last big pullback was together with the whole market and this is something that can happen at any time.
We assumed 0.1$ was the new floor but we are currently below the support line.
ONE needs to get back on top for a solid recovery.
Currently we are still in the middle of a short term downtrend.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
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