Harmony (ONE/USDT) technical analysis and trading plan.Harmony (ONE/USDT), technical analysis and trading plan by Blaž Fabjan:
Price Channel:
The price is moving within a rising channel, marked by support and resistance lines.
The price is currently near the lower part of the channel (support zone), which suggests potential upside movement if the support holds.
Volume:
There's a visible increase in volume, especially around the recent moves to the downside. This could indicate some volatility and buyer/seller activity.
Keep an eye on whether the volume increases near the support area for a confirmation of buying interest.
Indicators:
VMC Cipher B Divergences:
The green dots at the bottom may suggest some bullish divergence, meaning that the price could bounce from this support level.
RSI (Relative Strength Index):
RSI is around 50, suggesting the market is neutral but possibly gearing up for a momentum shift. A move above 60 could confirm bullish strength.
Stochastic RSI:
Stochastic RSI is currently near oversold levels (below 20) and showing signs of a potential upward crossover, which usually signals a buy opportunity.
Support & Resistance:
The support line of the ascending channel acts as the immediate buy zone.
Resistance is around the upper channel limit, which could be a take-profit target.
Upward Projection:
The blue arrow shows a bullish trend, with price potentially moving upward toward the resistance of the channel.
If the price breaks above this channel, we could see further bullish continuation.
Trading Plan:
Entry Point:
Consider entering a long position near the support line (around $0.0135–$0.0140) within the price channel.
Look for confirmation signals such as increasing volume and bullish divergence on the indicators (especially RSI moving above 50 and Stochastic RSI crossover).
Take-Profit Targets:
Target 1: At the resistance line of the channel around $0.0160–$0.0165.
Target 2: If price breaks above the channel, set an additional take-profit around $0.0180 as indicated by the upward projection.
Stop Loss:
Place a stop-loss just below the channel’s support, around $0.0130. This level ensures protection against a breakdown of the current uptrend.
Risk Management:
Use proper position sizing, risking only 1–2% of your capital per trade.
Trailing stop-loss could be employed if the price continues to move in your favor.
Watch for Confirmation:
Ensure RSI and Stochastic RSI both signal momentum shift, and volume should accompany any move upwards for confirmation of the trend.
By following this technical setup, you can navigate the current market conditions for Harmony (ONE/USDT) efficiently.
Harmonyoneprotocol
Technical Analysis of Harmony ONE/USDTTechnical Analysis of Harmony ONE/USDT
Chart Patterns:
Falling Wedge: There is a prominent falling wedge pattern indicating a potential reversal. The price is nearing the apex of the wedge, suggesting an impending breakout.
Rectangle and Triangle: Within the larger pattern, there are smaller formations like a rectangle and a triangle that hint at periods of consolidation and breakout opportunities.
Support and Resistance Levels:
Immediate Support: Around 0.00863 USDT, as marked on the chart.
Immediate Resistance: Approximately at 0.01000 USDT.
Target Zones: Multiple target zones are marked, indicating potential price levels to watch for after a breakout. These zones range from 0.015 to 0.035 USDT.
Indicators:
VWMC Cipher B Divergences: Suggests potential bullish divergence, indicating a possible upward movement.
RSI (Relative Strength Index): Currently around 22.23, which is in the oversold territory, suggesting a potential upward correction.
Stochastic RSI: Also in the oversold territory, reinforcing the RSI signal.
Trading Plans
Intraday Trading
Entry Point: Look for a breakout above the immediate resistance at 0.01000 USDT. Confirm this with increasing volume.
Stop Loss: Place a stop loss just below the support level at 0.00863 USDT.
Target: Initial target at 0.015 USDT. Adjust stops to break even once the price reaches halfway to the target to secure profits.
Scalping
Entry Point: Enter trades at small retracements within the larger patterns. For example, when the price dips towards the lower boundary of the triangle or rectangle.
Stop Loss: Tight stop loss around 1-2% below the entry point to minimize losses.
Target: Small gains around 2-3% per trade. Exit positions quickly to lock in profits, considering the high volatility of scalping.
Swing Trading
Entry Point: Enter long positions at the lower boundary of the falling wedge pattern or on confirmation of a breakout above the wedge.
Stop Loss: Place a stop loss below the recent swing low, which is around 0.00863 USDT.
Target: Longer-term targets based on the marked target zones, aiming for 0.020 USDT and 0.025 USDT. Trail stops to protect profits as the price moves in favor.
Conclusion and Advice for Long Position
Given the current technical setup, Harmony ONE/USDT appears to be at a critical juncture. The falling wedge pattern combined with oversold indicators (RSI and Stochastic RSI) suggests a high probability of a bullish breakout.
Advice:
Patience is Key: Wait for confirmation of a breakout above 0.01000 USDT with strong volume before entering a long position.
Risk Management: Always use stop losses to protect against unexpected market moves.
Monitor Indicators: Keep an eye on RSI and Stochastic RSI for potential overbought signals as the price moves higher, indicating potential exit points.
Long-Term Position:
Consider building a long-term position if the price breaks and holds above 0.01000 USDT with significant volume, targeting higher resistance levels as marked on the chart.
This analysis provides a comprehensive approach to trading Harmony ONE/USDT across different strategies. Always adapt your trading plan based on real-time market conditions and updates.
$ONE Break Out downtrend lineBINANCE:ONEUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets
➡️Marked 2 zones. Buyers zone green box, with strong support level since 2021
➡️Broke downtrend line since April (November was just double top and fake out)
➡️Next local possible target minimum 0.045 and if we will see good volume we can test even 0.08 price target
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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Harmony One $one forecast analyzeGood afternoon Harmony One traders/holders,
My name is Cut Chien Bo and this is my first public idea.
To identify the market trend. We analyze Bitcoin and Ethereum then compare them with the US financial market. They tend to move along together these day. Based from btc chart for the last 14 days. We having a straight 2 weeks bullish, killed some short squeeze. So I am very bullish on the market right now.
Harmony One is one of my favorite alter coin. This is my analyze of harmony one from D chart.
Harmony Market Analysis Hi everyone if you like the idea or setup please give it a like and a follow
Heres a requested chart of harmony. We been trading in an ascending triangle before breaking it in Oct,2021 but unfortunately resistance turned to support did not hold up strong and market ended back in the triangle (purple line)
In the smaller timeframes (daily) market rejected $0.332 area multiple times and created an indecisive weekly candle, I will be watching the next candle carefully, but I see this as confluence for the push down to $0.19-$0.17, which will be our higher low compared to the previous low.
I’d personally see how price reacts at these zones for a possible buy entry
As always, Be patient, but don’t time the markets
#Harmony One, Inverse H n S pattern formation in #ONE .37 Soon.Harmony One Inverse head and shoulder pattern formation.
After some consolidation blast past the .37 levels and make new All Time Highs.
Harmony (ONE) Update: Road to $1, 3x Long OpportunityHarmony (ONE) is currently sitting in our Buy Zone. Lets see how this plays out, if we can hold this Buy zone as support this is very healthy for the next leg up for Harmony but if we break the current trend line we could retest the 200SMA between the 23.60% and 38.20% fibs ($0.12-$0.18).
Our current Harmony (ONE) price targets from the current price:
127.20% fibs @ $0.49 (101% Gain)
161.80% fibs @ $0.61 (152% Gain)
261.80% fibs @ $0.97 (309% Gain)
423.60% fibs @ $1.54 (532% Gain)
Please see previous analysis below. Happy Trading :)
01/11/21 Harmony (ONE) Update: Road to $1 is still clear. There is a 300% Long Opportunity from the Buy Zone @ $0.22 to $1 (356% Gain). From the current price level Harmony (ONE) is 35% away from the new ATH price @$0.39. Harmony has been in a strong bullish continuation pattern since July and we can expect this trend to continue. The current retracement from the ATH (-35%) shows us signs of a weak retracement as we see signs of profit taking from the 26th October. From here Harmony (ONE) just needs a 2x from the current price to the $1 target. Although we have currently only experienced a weak retracement from the ATH we can expect Harmony (ONE) to retest the 50SMA just above the 50% fib retracement. This is where the optimal longs can be executed at the bottom of the trend line , in the range between the 50%-61.80% fibs.
Please see previous analysis below. Happy Trading :)
24/10/21: Harmony (ONE) is currently 8% from our price target at the 127.20% fibs @ $0.34 and just 34% away from the price target at the 161.80% fibs @ $0.42 🚀 For everyone thats been holding harmony since Q1 this has been worth it, steady approaching another new ATH and the $1 dollar target is still on the cards before eoy 🔥
Harmony (ONE) Update 10/10/21: Harmony (ONE) has grown over 50% from $0.16 to $0.24 over the past 2 days, retesting the ATH price at $0.23 and setting a new ATH at $0.26. From here we can expect Harmony to reach our next price target at the 161.80% Fibs @ $0.34 which is 38% away from the current price. See previous analysis below, Happy Trading :)
Update 08/10/21: Over the past 24 hours Harmony (ONE) has grown over 30% from $0.17 to $0.22, retesting the ATH price at $0.23, from here we can expect Harmony to reach our next price target at the 161.80% Fibs @ $0.34 which is 47% away from the current price. Please see previous analysis below. Happy Trading :)
Harmony (ONE) Update 16/09/21: Road back to ATH , Harmony looks ready for the next impulsive run up to retest the previous ATH @ $0.23. Next price target from current price at the 161.80% @ $0.36 (108% Gain) and 227% Fibs @ $0.53 (190% Gain). Please see previous analysis below. Happy Trading :)
Harmony (ONE) Update 10/09/21: Road back to ATH , 16% Gain to $0.23. Since the 1st September Harmony has grown 88% from $0.12 to $0.19, and is currently trading 16% away from the ATH price. After a retest of the ATH price we can expect Harmony to test the 127.20% (49% Gain from current price) and 161.80% Fibs (87% Gain from current price).
Harmony (ONE) Update 01 /09/21: Road back to ATH looks very clear from here. From here we can expect a 90% gain for Harmony back to ATH price @ $0.23 and from the current price at $0.12, it is a 137% Gain to a new ATH at the 127.20% fibonacci level which is our next key price target at $0.29. See previous analysis below. Happy Trading :)
Harmony (ONE) Update: The last time this happened, Harmony gained 5705% in 3 months (80 Days). The swing call script signalled a strong buy signal on 07/ 01 /21 @ $0.002, over the 3 months from Jan to end of March ONE gained 5705% hitting a new ATH @ $0.23. The swing call script was triggered on the 29th July and is a very strong indicator for a reversal from the previous downtrend, bottoming out @ $0.046 on 22nd June. Now is the time to Buy in confidence, we expect Harmony to recover 191% back to the ATH price level experienced during March over the next 2-3 months period.
This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are gifted another opportunity (Swing Script gains are different)! Whats your eoy targets? Personally I think $1 and we might even reach higher price levels before EOY.
Will update EOY Targets and critical Buy Zones for entry.
See previous analysis below. Happy Trading :)
ONE/USDT 100% profit potentialONE/USDT:
With the break of the historical top and a good performance above the resistance region (which has now turned into support) I bought ONE/USDT in the price region of U$ 0.251.
We have a good stop location in the U$ 0.20 region (20%) and the potential to go up to the U$ 0.50 region (100%).
ONE/USDT is mainly traded on Binance.
Harmony (ONE) Update: Back to ATH, Next Stop $0.34 @ 161.80 FibsHarmony (ONE) has grown over 50% from $0.16 to $0.24 over the past 2 days, retesting the ATH price at $0.23 and setting a new ATH at $0.26. From here we can expect Harmony to reach our next price target at the 161.80% Fibs @ $0.34 which is 38% away from the current price. See previous analysis below, Happy Trading :)
Update 08/10/21: Over the past 24 hours Harmony (ONE) has grown over 30% from $0.17 to $0.22, retesting the ATH price at $0.23, from here we can expect Harmony to reach our next price target at the 161.80% Fibs @ $0.34 which is 47% away from the current price. Please see previous analysis below. Happy Trading :)
Harmony (ONE) Update 16/09/21: Road back to ATH , Harmony looks ready for the next impulsive run up to retest the previous ATH @ $0.23. Next price target from current price at the 161.80% @ $0.36 (108% Gain) and 227% Fibs @ $0.53 (190% Gain). Please see previous analysis below. Happy Trading :)
Harmony (ONE) Update 10/09/21: Road back to ATH , 16% Gain to $0.23. Since the 1st September Harmony has grown 88% from $0.12 to $0.19, and is currently trading 16% away from the ATH price. After a retest of the ATH price we can expect Harmony to test the 127.20% (49% Gain from current price) and 161.80% Fibs (87% Gain from current price).
Harmony (ONE) Update 01 /09/21: Road back to ATH looks very clear from here. From here we can expect a 90% gain for Harmony back to ATH price @ $0.23 and from the current price at $0.12, it is a 137% Gain to a new ATH at the 127.20% fibonacci level which is our next key price target at $0.29. See previous analysis below. Happy Trading :)
Harmony (ONE) Update: The last time this happened, Harmony gained 5705% in 3 months (80 Days). The swing call script signalled a strong buy signal on 07/ 01 /21 @ $0.002, over the 3 months from Jan to end of March ONE gained 5705% hitting a new ATH @ $0.23. The swing call script was triggered on the 29th July and is a very strong indicator for a reversal from the previous downtrend, bottoming out @ $0.046 on 22nd June. Now is the time to Buy in confidence, we expect Harmony to recover 191% back to the ATH price level experienced during March over the next 2-3 months period.
This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are gifted another opportunity (Swing Script gains are different)! Whats your eoy targets? Personally I think $1 and we might even reach higher price levels before EOY.
Will update EOY Targets and critical Buy Zones for entry.
See previous analysis below. Happy Trading :)
Harmony (ONE) Update: Back to ATH, Next Stop $0.34 @ 161.80 FibsOver the past 24 hours Harmony (ONE) has grown over 30% from $0.17 to $0.22, retesting the ATH price at $0.23, from here we can expect Harmony to reach our next price target at the 161.80% Fibs @ $0.34 which is 47% away from the current price. Please see previous analysis below. Happy Trading :)
Harmony (ONE) Update 16/09/21: Road back to ATH , Harmony looks ready for the next impulsive run up to retest the previous ATH @ $0.23. Next price target from current price at the 161.80% @ $0.36 (108% Gain) and 227% Fibs @ $0.53 (190% Gain). Please see previous analysis below. Happy Trading :)
Harmony (ONE) Update 10/09/21: Road back to ATH , 16% Gain to $0.23. Since the 1st September Harmony has grown 88% from $0.12 to $0.19, and is currently trading 16% away from the ATH price. After a retest of the ATH price we can expect Harmony to test the 127.20% (49% Gain from current price) and 161.80% Fibs (87% Gain from current price).
Harmony (ONE) Update 01 /09/21: Road back to ATH looks very clear from here. From here we can expect a 90% gain for Harmony back to ATH price @ $0.23 and from the current price at $0.12, it is a 137% Gain to a new ATH at the 127.20% fibonacci level which is our next key price target at $0.29. See previous analysis below. Happy Trading :)
Harmony (ONE) Update: The last time this happened, Harmony gained 5705% in 3 months (80 Days). The swing call script signalled a strong buy signal on 07/ 01 /21 @ $0.002, over the 3 months from Jan to end of March ONE gained 5705% hitting a new ATH @ $0.23. The swing call script was triggered on the 29th July and is a very strong indicator for a reversal from the previous downtrend, bottoming out @ $0.046 on 22nd June. Now is the time to Buy in confidence, we expect Harmony to recover 191% back to the ATH price level experienced during March over the next 2-3 months period.
This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are gifted another opportunity (Swing Script gains are different)! Whats your eoy targets? Personally I think $1 and we might even reach higher price levels before EOY.
Will update EOY Targets and critical Buy Zones for entry.
See previous analysis below. Happy Trading :)
HARMONY ONE - Interoperability + Privacy Coin (- correction)Great potential but time to take some profits here too.
HARMONY ONE is second in the Privacy coins section / second to Monero, while it's interoperability purpose (yet another project trying to serve a purposed solution on the Ethereum problems) is meaningful.
At this stage we would be careful as a correction could be inbound
One Love,
the FXPROFESSOR
Harmony (ONE) Update: Road back to ATH Harmony (ONE) Update 01/09/21: Road back to ATH looks very clear from here. From here we can expect a 90% gain for Harmony back to ATH price @ $0.23 and from the current price at $0.12, it is a 137% Gain to a new ATH at the 127.20% fibonacci level which is our next key price target at $0.29. See previous analysis below. Happy Trading :)
Harmony (ONE) Update: The last time this happened, Harmony gained 5705% in 3 months (80 Days). The swing call script signalled a strong buy signal on 07/ 01 /21 @ $0.002, over the 3 months from Jan to end of March ONE gained 5705% hitting a new ATH @ $0.23. The swing call script was triggered on the 29th July and is a very strong indicator for a reversal from the previous downtrend, bottoming out @ $0.046 on 22nd June. Now is the time to Buy in confidence, we expect Harmony to recover 191% back to the ATH price level experienced during March over the next 2-3 months period.
This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are gifted another opportunity (Swing Script gains are different)! Whats your eoy targets? Personally I think $1 and we might even reach higher price levels before EOY.
Will update EOY Targets and critical Buy Zones for entry.
See previous analysis below. Happy Trading :)
Harmony Update 25/03/21
After this Huge parabolic move from the 28th February Harmony has finally taken a small breather, not this move is not showing any signs of exhaustion just yet, our next price target at the 127.20% Fibonacci level @ $0.23. Be patient from the current price level if you are not yet invested, the last 2 dips have been very weak retracements and we still have a bullish outlook on ONE . Great news for your portfolio if you have been riding this wave with us, if not be patient, use current DCA zone to map your entries from here. A sniper entry at the 78.60% Fibonacci is the perfect area to Buy in. 52% Gain from our DCA Zone to the 127.20% Fibonacci level which is our current next target on this continuation pattern. Happy Trading :)
Understanding Harmony ONE
Harmony ONE protocol implements cutting edge solutions to combat blockchain scalability challenges without giving up security and privacy instead, reinforcing them. The protocol is focusing on community participation as they intend to increase the adoption of blockchain technology. Harmony took blockchain sharding up a notch to make the blockchain faster without sacrificing its security and makes onboarding of new nodes easier for any accepted node.
Sharding from Harmony ONE Protocol
Harmony protocol uses beacon nodes to randomise validating nodes to different shards after each epoch. Though being a validator themselves, Beacon nodes accept stakes from all validating nodes. Harmony protocol contains four shards with the capacity for 1000 validating nodes of which there are currently 640 nodes from the community. When nodes in each shard find a block, the block header is sent to the beacon nodes which in turn broadcast them to the whole network. The block header contains the identifier for each block such as the blockchain version number, previous block hash, timestamp of the block, etc. Apart from the fact that the randomised sharding increases the security of the blockchain, the implementation of beacon nodes and saving block header further improves security, speed, and lowers the storage size for each node.
Update from March 21st
Harmony ( ONE ) Parabolic after the 13 EMA Crossed up 50 SMA , will update this chart with some key Buy Zones, for now lets enjoy this ride up to next key resistance. #ONE $ONE
This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are not even in Alt season yet! Whats your eoy targets? Personally I think $1 is very conservative at this rate and we might even reach higher price levels before EOY.
Will update EOY Targets and critical Buy Zones for entry. Happy Trading :)
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 setting up for 5-10x Keep an eye on harmony one, outperforming btc and ready for an explosion. They have a great name and good artwork so I’m sure it will be popular just for that. If you look into the project and see who’s involved u start to get a picture of professionalism and strength. This reminds me of matic except with less ghost coins and scams, they are attracting motivated and honest Devs
Inverse Head and Shoulders on Harmony!Spotted a inverse head and shoulders pattern on the 6hr chart for Harmony(ONE). If this pattern plays out we could be looking at a $0.22 Harmony we are also getting close to breaking out of the descending channel, if we can break the channel on high volume these for me would be two signs that things could be turning up.
We are back above the 20EMA, and the 50EMA hopefully harmony can find some support on this 50EMA and then push off of it hard. As long as we stay above the EMA's this is another sign of reversal for me.
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Harmony 100MA BounceHarmony has had an incredible rise
It has broken up from a resistance and is primed to bounce off the 100 day moving average (green circles)
Continuation of this bull trend is the most probable outcome
Harmony ONE/USDT Very Idea Momentum HOLD Long or HOLD ShortYOU KNOW ABOUT HARMONYONE -- THIS LEVEL CANDLEs CHART FROM THE WEEKLY for DAY CHECKING.
1. line orange : level by baseline price action at 0,117
2. line blue : level for a breakout if the resistance goal to 4h/360m at 0,145
3. line dark purple : level low and high price action by weekly
1. line orange : IF THE BELOW, DON'T PANIC...CHECK 4H CHART and OTHER INDICATORS BUT THIS CRUCIAL MOMENT ACTION (DOWNTREND - BEAR MAYBE RETRACE).
2. line blue : IF THE ABOVE, DON'T HAPPY...CHECK TO BE CAREFUL. THIS MOMENT ACTION (RECLAIM ATH and DISCOVERY for LEVEL 0,18)
3. line dark purple : VERY VERY VERY RED ZONEBIE...GONNA GET REKT...NEXT SESSION MISSION 2022
COMMENT YOUR ACTION. THX
HarmonyOne very long consolidation & distribution this time.
Harmony $ONE Now...Harmony $ONE has still been working it's way through the consolidation period... Some say the length of the consolidation, is the length of the leap you could see upwards. AND when even MEME coins are lifting to the moon, it can only be a matter of Time
before projects with SOLID Fundamentals,
and a Great Team, such as Harmony $ONE blasts off on it's next leg of the journey towards $1 per ONE and Beyond...
Are you Ready?
Harmony $ONE Update.... Is it Just about time for Lift Off???Convergence of Downward trend and Upwards Trend,
While also showing a strong line of Support during the entire consolidation/downwards trend...
Harmony $ONE recently announces Partnership with SWFT Payment Network,
Following Recent Announcement of Integration of Harmony $ONE with Sushi Swap...
If you have enjoyed the ridiculously cheaper BNB Fees on Pancake Swap, compared to ETH fees on Uniswap... Well HARMONY $ONE transaction fees are EVEN Cheaper!!!
It is possible that when Harmony ONE reaches the end of the marked trend lines it can break to the downside to around .12 cents... But if it does it is likely to rapidly cause a buying frenzy triggering limit orders driving the price back up beyond .16 cents, as can be seen in the previous days during the downtrend of $ONE when the price dipped to just above .12 cents and then instantly shot up to above .17 cents where it bounced back down off of the resistance in this downward trend...
Either way, as ONE$ breaks out of this trend within the next couple of days whether up or down, I feel Ultimately the price is rapidly heading upwards from here...
Harmony Update 85% Gain from DCA Zone to $0.28Harmony Update 13/4/21: 85% Gain from DCA Zone to $0.28
Harmony is showing signs of a healthy retracement after a very strong Bullish continuation pattern which was triggered by our Swing Call on 1/3/28 Script lasting over 28 Days from the 28th February to 28th March. During this move from $0.023 to $0.22 we have had quite weak retracements to the 78.60% Fibs after every push phase. At present, we have had a much healthier retracement (Over 33%) which signals a return of the Bulls back in the market. The current stochastics show an extremely oversold market and we can expect the Bulls to come back into the market with a strong movement up to test the 78.60% Fibs were we have found some key resistance (20% from the current price level) and then further the current ATH price of $0.22 before a move towards our price target of $0.28 which is 85% from the current price level of $0.15. We have been in this pull phase, retracing down for the past 15 Days since we hit the ATH at $0.22 on the 29th March. The worst case scenario would see Harmony test the 200 SMA around the 50% Fibonacci level at $0.12 but note this would be the worst worst case scenario from here. Overall harmony has very strong fundamentals and we can expect this Bullish continuation pattern to continue after the profit takers are out of the market and the Harmony Bulls back to keep pushing the price towards the 127.20% Fibonacci target price of $0.28.Use the current DCA Zone to map your buys whether thats for a new entry into ONE or you are simply dollar cost averaging your current position. The key from here is patience. See previous analysis below. Happy Trading :) #Hodl $ONE
Harmony Update 02/04/21: 54% Gain from Buy Zone 3
Harmony has been consolidating over the past 3 days in Buy Zone 3 at the 78.60% Fibonacci level. Current stochastics on the 4H chart still signal an over sold market from the ATH price level reached on the 29th March. This is a perfect zone if you are not yet in Harmony ( ONE ) and if you have been riding this bullish continuation pattern with us since February, it is a good time to dollar cost average and accumulate more coins at this current price level. See previous analysis below. Happy Trading :) $ONE #Hodl
Harmony Update 29/03/21
Next Target $0.28 at the 127.20 Fibonacci level, Buy Zone 3 @ $0.18 (53% Gain to $0.28). We are still riding this Bullish continuation pattern, expect a bounce from the 78.60% Fibonacci level before another push phase to the upside (worst case scenario a break just below the 50SMA but this can only signal strong momentum), previous Target @ $0.23 is still to be tested (5% away from the current ATH Today) but with Harmony's bullish momentum, expect the previous price target to be tested and for Harmony to continue pushing towards the 127.20% Fibs and the new price target @ $0.28. Use the Buy Zone to map out your Buys . See previous analysis below.Happy Trading :)
Harmony Update 27/03/21
Harmony 52% Gain from DCA Zone, use Buy Zone to accumulate more coins at the 78.60% Fibonacci Level or set your Buys if you are not already riding this wave. See previous analysis below. Happy Trading :)
Harmony Update 25/03/21
After this Huge parabolic move from the 28th February Harmony has finally taken a small breather, not this move is not showing any signs of exhaustion just yet, our next price target at the 127.20% Fibonacci level @ $0.23. Be patient from the current price level if you are not yet invested, the last 2 dips have been very weak retracements and we still have a bullish outlook on ONE . Great news for your portfolio if you have been riding this wave with us, if not be patient, use current DCA zone to map your entries from here. A sniper entry at the 78.60% Fibonacci is the perfect area to Buy in. 52% Gain from our DCA Zone to the 127.20% Fibonacci level which is our current next target on this continuation pattern. Happy Trading :)
Understanding Harmony ONE
Harmony ONE protocol implements cutting edge solutions to combat blockchain scalability challenges without giving up security and privacy instead, reinforcing them. The protocol is focusing on community participation as they intend to increase the adoption of blockchain technology. Harmony took blockchain sharding up a notch to make the blockchain faster without sacrificing its security and makes onboarding of new nodes easier for any accepted node.
Sharding from Harmony ONE Protocol
Harmony protocol uses beacon nodes to randomize validating nodes to different shards after each epoch. Though being a validator themselves, Beacon nodes accept stakes from all validating nodes. Harmony protocol contains four shards with the capacity for 1000 validating nodes of which there are currently 640 nodes from the community. When nodes in each shard find a block, the block header is sent to the beacon nodes which in turn broadcast them to the whole network. The block header contains the identifier for each block such as the blockchain version number, previous block hash, timestamp of the block, etc. Apart from the fact that the randomized sharding increases the security of the blockchain, the implementation of beacon nodes and saving block header further improves security, speed, and lowers the storage size for each node.
Update from March 21st
Harmony ( ONE ) Parabolic after the 13 EMA Crossed up 50 SMA , will update this chart with some key Buy Zones, for now lets enjoy this ride up to next key resistance. #ONE $ONE
This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are not even in Alt season yet! Whats your eoy targets? Personally I think $1 is very conservative at this rate and we might even reach higher price levels before EOY.
Will update EOY Targets and critical Buy Zones for entry. Happy Trading :)