ONE → About to Drop!? Let's Prove it and Maximize Your Profits!OneCoin (Harmony) is failing to break the bear channel resistance and after a recent sell signal, is showing the symptoms of a drop to the previous low or even lower lows. If Bitcoin fails to break its Weekly Resistance, it could add some additional pain to the entire crypto market.
How do we trade this?
It's reasonable to short right now . We have the sell signal at the top of the bear channel and we're two legs down, maybe trying for a third lower low. Be prepared for support at the previous low of around $0.012. If a bull signal bar closing on or near its high with a follow-through bar appears, time to get out. Also, keep an eye on Bitcoin as a market indicator. If it decides to go bull, consider altering your bias to the upside.
Trade Idea
Short Entry : $0.0132
Stop Loss: $0.0145
Take Profit: $0.0113
Risk/Reward Ratio: 1:2
Key Takeaways
1. Bear Channel, Bias to Short.
2. Top of Bear Channel, Bias to Short.
3. Still Above 200EMA, Watch for Support.
4. Recent Sell Bar, Reversal Indicator.
5. RSI at 47.00, below Moving Average. Supports Short Bias.
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Harmonyprice
HARMONY ONE CLEAN TECHNICAL ANALYSIS CURRENT briefly, price action has been in a long descending channel and price test key low area before respecting the trend lines and moving back up to normal price range
price moved up impulsively within the channel and now is currently in a large bull flag within the structure
PRICE ACTION IS REPEATING ITSELF FROM A PREVIOUS PATTERN A MIDDLE RUNNING CHANNEL WITHIN A DESCNEIDNG CHANNEL
anticipating price to make a slight continuation where it may find support at the orange box level before making a move to the upside to the highs
there is also a possibility that price will continue to the downside as the higher time frame suggests that the structure is still bearish in nature so we may see price approach the green box area which will be a nice accumulation area where price may confirm support and move to the upside!!!
Harmony to explode? Alt season is here! Hello Everyone,
I wanted to share a chart I have been eyeing for some time. Harmony is one of the few low cap alt coins that has not seen a recent large upward movement like TRX, DGB, VET, and other low cap alt coins.
Here is my technical analysis:
1. We are currently in Alt season. The ONE to BTC chart looks incredible.
2. Major support is 0.1425 so a buy at or near this level would be a good starting point to average in.
3. Major resistance is 0.16. This is both a strong daily and weekly resistance. If volume comes in and we close above this, I could see a straight shot to 0.22.
4. MACD is showing waning selling momentum. This is typically a bullish sign as we are consolidating between 0.14 and 0.16.
5. Price action is heavily bullish on the daily/weekly timeframe.
6. Price is consolidating and typically consolidation leads to a movement in the direction of the current state of the market. This chart is heavily bullish so I would say an upside swing is likely.
My price targets are 0.22 to start and then 0.3 if price action is still very bullish. I believe a strong close above 0.16 would lead to the upward swing I am predicting.
As always, be patient, have risk management, and good luck trading!
Harmony: One..Two..ThreeGood day to all profit makers!
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- Harmony (ONE) watchlist for both up and down movements
- BTC will be a big deciding factor in the trend that will follow
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!