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Onecoinprice

ONE → Major Rip and now Major Dip? This Analysis Clears it up.ONE (Harmony) had a fantastic move to the upside and per my last analysis, we capitalized on it. We have now come into contact with the downward-sloping resistance on the Weekly timeframe. Is it time to short? How do we trade this?  🤔 Short answer, almost. The downward-sloping resistance is a major data point in this analysis, coupled with the two failed attempts to break it, the strong bull capitulation candle and the RSI falling below the Moving Average, we have a case for a short entry. Wait for the price to come down to the 30EMA, it's likely to find support and come back up a bit. Then wait for a good sell signal between $0.018 and $0.019, that's your queue to enter. The other major factor is Bitcoin's next move which has a good probability of falling below $40,000. 💡  Trade Ideas  💡 Short Entry: $0.019 🟥 Stop Loss: $0.024 ✅ Take Profit: $0.014 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Double Top Reversal at Downward Resistance. Bias to Short. 2. Look for Bounce at 30EMA followed by another Rejection. 3. Bull Capitulation to Downward Resistance, Sell Signal. 4. RSI at 60.00 and Below Moving Average, Supports Downward Movement. 5. Bitcoin may be Reversing, Could pull Down ONE Price. 💰  Trading Tip  💰 Resistance on higher timeframes carries more significance with respect to probability on lower timeframes. Combined with sell signals and three pushes up on a lower timeframe, there's enough probability to justify looking for a reversal trade. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
ONE - 40% Breakout to $0.22? The Market Indicates Another Push!One (Harmony) is threatening the resistance line with another higher high. This could mean a breakout above the $0.18 price area which opens the door to the $0.22 resistance area. Should we enter a long now? How do we trade this? 🤔 It's reasonable to enter a long now with a 1:1 Risk/Reward Ratio, selling half of your position at $0.175 just before the previous high. Once the 1:1 target is hit, move your stop loss up to your entry point to secure profits and eliminate the risk of loss. Sell the second half of your position at 1:3 Risk/Reward around $0.22 or whenever the first sell signal pattern appears. Our protective stop is below the 200EMA at $0.135 which has demonstrated support for the last two higher lows. 💡 Trade Idea 💡 Long Entry: $15.66 🟥 Stop Loss: $13.50 ✅ Take Profit #1: $17.50 ✅ Take Profit #2: $22.22 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. 200EMA Support on Daily, Bias to Long. 2. Higher Highs and Higher Lows. 3. Multiple Buy Signals at 200EMA with follow-through. 4. RSI at 60.00 and Above Moving Average, Supports Long Bias. 5. Bitcoin nearing important $46,000 Resistance, Long on Lower Timeframes. 💰 Trading Tip 💰 It's reasonable to take half profits at 1:1 Risk/Reward on a swing trade and move the stop loss up to entry. This secures profits, and allows the latter half of your position to be executed without the worry of loss, improving trading psychology. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
4
ONE → OneCoin Weak at Resistance! Do we Fall or Break Through?OneCoin is struggling to continue upward at the Resistance Zone, hinting that the price wants to fall back to the EMA ribbons. Is this an opportunity to short? Or should we look for a long? How do we trade this? 🤔 The last three candles have been relatively weak bull bars, especially the last one which ended as a doji (a one-bar trading range). The current Daily candle just started a couple of hours ago but has not yet shown any signs of strength. With the crypto market being bullish, we should be looking for a long entry. We need to find the next strong support level to get a positive Risk/Reward Ratio, which appears to be around the 30EMA or 200EMA. A good strong bull signal bar followed by a confirmation bar closing on or near its high gives us enough probability of profit to take a long. Once these bars close, a long entry in the $0.01430 area with a protective stop below the 30EMA or trend support is reasonable. Set a take profit at 1:2 Risk/Reward around the $0.01550 area. It's also reasonable to take half profits at 1:1 and swing the rest until you see a sell signal, but be aware, we don't have much room up until the Resistance Zone. Until then, let's see how the price action plays out. FOMO (Fear of Missing Out) is your worst enemy. This is where you enter the market prematurely, worried that you'll miss potential profits but instead, you end up in a bad trade. I find combating FOMO is best conceptualized as "You're making more money by not falling for the seduction of market profit." 💡 Trade Idea 💡 Long Entry: $0.01430 🟥 Stop Loss: $0.01370 ✅ Take Profit: $0.01550 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Macro Trend since October. Bias to Long! 2. Pin-Top Candles near Resistance Zone. 3. Still Above EMA Ribbons, Watch for Support. 4. Look for Long Entry at Daily 30EMA. 5. RSI at 64.00, above Moving Average. Wait for RSI to come down. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
2