ONEBTC
ONE/BTC (Strong Bounce, Testing Trendline Resistance)BINANCE: ONEBTC
-Harmony found support at previous resistance turned support
-The 60 sat regions prove to be a strong bounce area
-The trendline resistance is being tested if can be broken
-I recommend entering a Buy position once a breakout is confirmed
-Or wait for the pullback retest of the trendline to turn new support
-Aggressive or conservative entries all depends on your risk appetite
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Harmony (ONE) 450% Profit PotentialHallo Everyone, One is looking bullish right know, i use positioning trading strategy with 1 week timeframe in this analysis
There are supports that push the pair higher :
1. Dynamic support using red curve line
2. Volume Profile
3. EMA 13 and 34
If it reach target FIBO 0.786 then Rounded Bottom Pattern confirm and it will go higher more
In additional, Squeeze momentum indicator showed that the pair still in squeeze release bullish phase, it can strenghten the bullish of the pair
I hope you enjoy the analysis 😁😁😁
See my other positioning trading strategy analysis :
ONE bullish pennantIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- ONE forming a bullish pennant
- Volume declining
- Trading above 144MA
Will be looking for a breakout with a significant volume increase. Target @ 1.618 FIB
Trading Idea on ONE/BTCHello, Traders.
HARMONY is testing an important resistance region and is above a short-term support line so we are presuming that this asset is on the short term bullish trend, but we need to see the price break this resistance to continue the bullish structure with higher highs and lower highs.
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