ONE
Critical support at 33900BTC is doing what it always do, is coming back to test the support before rocketing.
On my view is a good point to start accumulating (with stop loss under 33300).
If you want to wait a confirmation we should see BTC forming a support from 33900 and 34900, if that happens we can shoot to 39k-44k levels.
Have a good one guys.
🔥 ONE Wedge TradeONE is currently trading near the top resistance of the wedge. This wedge has been in the making for a couple of days now. With BTC appearing more bullish by the hour, there's some big potential for ONE to break out on the top side of the wedge. Wait for a confirmed break out before entering a trade.
On the other hand, in case BTC will go more bearish in the coming 48 hours, ONE could reverse yet again from the top resistance. Wait for confirmation before going short, I'm looking at the 0.06 area for instance.
Keep an eye on BTC when trading alts. Happy trading!
ONE:USDT Bullish, LONG, 5th wave, +10xThis is ONE beautiful chart ;) if this plays out honestly this is one to frame and put on the wall. I can't help but marvel at how technically perfect it is. If this plays out- it'll display the real power of Elliott wave. This 4th- 5th wave trade is the bread and butter of Elliott- it doesn't get better than this.
Key points
2nd wave retraced to the high probability zone 0.5 Fib
3rd wave pivoted at the high probability zone between the 1.618- 1.75 Fib
4th wave has currently retraced to the high probability zone 0.38 Fib
5th wave high probability target is at 1:1 of the first wave projected from the end of the 4th wave; this gives a target of almost 10x!
4th to 5th wave trade:
Entry: Below 0.056
Stop: 0.04667
Target: 0.54
Risk: Reward of about 1:60; for me this is a must take trade.
If the above trade is stopped out but fairly quickly rebounds and reclaims the previous range, wait for price to reclaim this area and look for the first retracement for a second opportunity to get long. For this second trade stops can be place below the new low.
Never Trust. Verify.
D.Y.O.R . Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Nasdaq eventual crash could affect BTC? Definitely. Nasdaq and other markets behaved very well after the crash of March 2020, with all that printing going on that was expected.
But it´s also the end of the semester and people need to take profits, a small retracement is expected and that counts for Crypto
investors as well, prepare to buy the dip.
BTC between EMA 21 and EMA 200, easy now...We are in a crucial decision moment for BTC.
I am showing all those gaps to make sure you guys understand that we can still go lower if we can`t break that triangle at 50k and make a support over it.
We are also still inside that pitch fork that comes from the 64k top, not breaking it in the next hours could indicate another leg down if the 21 EMA can`t hold the price at 37k.
Make the right decision, don´t let your emotions play you. Have a good one guys, we will eventually go to the moon, just don`t get greedy.
Not breaking the bull flag just yetJust a hands up for those that are too bullish at the moment, small hands guys.
We are still in a bearish trend until we break the 50k and create a support over 48k.
Until then just use the lateralization to increase your hands for the long term when we come back to the bullish trend.
ONEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily frame time. The price does not have enough power to go out of the resistance line. If we go out of the resistance line and stabilize above the line, we can trade for the above purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Important turning point in whole crypto and HARMONYIt might be early to say, because we can't exclude both a bullish or bearish outcome, but as we try to make accurate forecasts, 2 bullish scenarios are definitely not excluded:
Bullish:
1. Green Elliott impulse wave to 0.2 USD short term
2. Turquois Elliott impulse wave to identical or higher target midterm.
Bearish:
3. Break of the white ascending trendline and 200 EMA following..
Situation atm:
Big corrections or run ups influenced by bitcoin have drastic impact, but can technically be eliminated to have a clearer view of where the chart might be going.
If we wouldn't have had the break out to 0.18 and the correction to 0.06, we would still have a longer consolidation in the form of a symmetrical triangle with the turquois path as an outcome.
The white ascending trendline is in my opinion primordial and functions as support for another leg up.
The fact that we have volatility in a broad trading range is good for the future, cfr. Matic around the 0.3-0.5 level and 0.7-0.8 level, remember.
We have also on a smaller scale broken out from a descending wedge and are hanging between the 21 and 100 EMA. Break out of these levels will indicate highly probable further direction.
On a macro scale we could have ended an ABC correction with an abrupt C wave, or we will be having an elongated C wave which will indicate a beartrend. These corrections are probably a subdivision of a larger correctional wave 4. And as we are making heavy consolidation in a larger trading range, I believe a 5th wave will definitely be insane.
On the log scale, which is nice to see parabolic movements play out like a walk in the park, I prefer to watch the regular scale to avoid over bullish scenarios, which doesn't exclude the probability.
A last overview of the correction since the 0.22 usd level is the yellow descending broadening wedge we are in, but hasn't really made form... I don't believe this is happening, as another visit to the lower trendline of the wedge would reach sub 0 levels, which is of-course excluded and proves the latter.
So after this analysis I would say I am rather bullish than bearish, if you'd have a few months max. patience.
Best case scenario a week or 2, worst case, a bullish turnaround after 2nd quarter or beginning July, which makes sense as well. This would mean that bitcoin might have a longer recovery as well, and indicate a second bull-run phase half this year until end of the year.
I am still prosperous for the future of blockchain, certainly for undervalued top coins as Harmony. They haven't been working on marketing or the 'network effect', but I believe hidden gems are called that way to astonish the market in a positive way on the longer term.
🆓Harmony (ONE) May-23 #ONE $ONEONE is dumping and its target may be 0.06$ zone, actually it can dump to 0.03$ zone but we must pay attention to 0.06$ zone because it is very strong and a quick recovery of up to 0.12$ can occur from that zone
📈BUY
-Buy: 0.058-0.062$ if A. SL if B
📉SELL
-Sell: 0.117-0.123$. SL if A
♻️BACK-UP
-Sell: 0.058-0.062$ if B. SL if A
-Buy: 0.028-0.032$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone