ONEUSDT
ONE trend follow longPrice hit daily support, flat line underextended, at lower bb band. Momentum in lower moves decreasing on mid term time frames. On 15 min, we are seeing price respecting an uptrend line, had a morning star at trend line, and then a high volume impulsive bullish candle move away from trend line and above moving averages.
Stop loss: Below trend line and higher low of previous move
Take Profit: At next structural resistance level of current downtrend
ONEUSDTHello guys.
Hope you had good trades today.
As BTC was rejected today from an important level, I think the bears gain strength in the market and the market would lend to a correction for some days.
One was also rejected from this level if we look closer to 4h chart, the red candle with high volume covers the two green candle which I thought was a breakout. So the break out is failed for now. The RSI also confirms this.
Therefore I think there should be correction.
Happy trading and I hope you all benefit. :)
The setup is my personal setup but you may do as you think.
ONE is Long afBINANCE:ONEUSDT
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Testing a crucial resistance, once broken, there is no coming back anytime soon,
Price Broke both EMAs (21 and 55), and EMA 21 closing in on EMA55 (which shows bullish momentum)
MACD shows Convergence with Bullish Momentum
RSI 65 (not oversold, which provide availability for a potential uptrend)
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Trade Carefully! Cheers!
ONEUSDT, This route can be happenHello everybody
Harmony is one of the most powerful project for the future
According to the chart and last analysis that we published the price at this time it can be come to uptrend and we need some acceptance for this theory of the price.
If the price can rise up to the yellow box and then it has correction after that in correction with signal ( like ascending cover, hammer , pattern price or ... ) in lower time frame we can take in position for long and our target exactly that we shown on chart, but the other point is the target is a zone not exactly price.
Dont forget use stop loss and observe to your capital management.
Previous analysis :
Good Luck
Abtin
ONE/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart; you'll see that the white squiggly line played out. We've been correcting since then and we're starting a new impulse wave soon. Wave (1) top is in and wave (2) bottom is either in or near.
Wave 3 target: 0.60
HARMONY Break TrendLineWith proper support in the PRZ range, the upward trend line has been broken and prices have risen. Resistance and support ranges are specified in the chart. If you have any questions, you can ask in the comments section.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark