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!
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Oneusdtshort
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.
You are solely responsible for your trades, trade at your own risk!
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ONE to $0.01 or $0.02!? This Analysis Shows What to Look ForOne (Harmony) is making an attempt to finally break the bear channel resistance and rocket to $0.017, the previous high before the channel began. The market sentiment may have other plans, as Bitcoin and Ethereum struggle to get past their Weekly resistances.
How do we trade this?
The trend is your friend until the very end and right now, our bias should be toward the downside. A single data point is not enough to make a trade, we must also consider that at this moment we're at the bear trend resistance without a sell signal bar. Until we have a bear signal bar close on or near its low, best to wait on the sidelines. It also appears we had a bear capitulation candle/run just before this bull move, which often signals the *end* of a trend. Something to watch out for when making your next trade decision.
You can also wait for a bull signal to long, either at the 200EMA or Previous Low price area. Wait for a bull signal and confirmation bar closing on or near its high.
Key Points
1. Bear Channel, Bias to Short.
2. Capitulation Bear Candle, Could be the End of the Downside Movement.
3. Look for a double bottom to Long at 200EMA or the Previous Low.
4. Wait for Bear Signal Bar to Short.
5. RSI at 57.00, above Moving Average.
You are solely responsible for your trades, trade at your own risk!
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ONE/USDT 1 DAY TRADE SETUP Hi guys, This is CryptoMojo, One of the most active tradingview authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
ONE/USDT is making this falling wedge pattern.
ENTRY- $0.13 -$0.126
TARGET- 100%
SL- $0.111
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Harmony One Short?Harmony One grow in last days as I mentioned in my last Analysis about One. (you can see it in my page)
the target of one considering fib is about 0.45 and maybe more. but price move to top of the channel and volume decrease compare to last days. look at RSI and it's in glut condition in daily view.
I think price move down from about 0.37 - 0.38 down to 0.30 and then the bullish trend will continued. that's just my idea
Sell at 0.37 - 0.38
TP: 0.30
SL: Daily candle more than 0.40