ONEUSDT trade ideas
ONE - TP/SL for this triangleBINANCE:ONEUSDT
1H trend chart
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ONE is converging in a triangle, and there is a possible bottom in it.
If price can break out the downtrend line, trading strategy as below.
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Profit Targets:
a) 0.2----Fib(1)
b) 0.20892~0.21252----Fib(1.272~1.382)
c) 0.22026----Fib(1.618)
Stop losses:
a) 0.18802-----Red horizontal ray
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ONE - Crash and new countHarmony was one of the most affected coins in the crypto crash, and we went all the way down to the trendline.
My long term wave count wasn´t invalidated, but I made a new count on the subwaves. Am I confident with this count? Not really. The drop was too steep and the corrective pattern is not clear.
Anyways, I will take long trades on small positions above $0.20, carefully controlling my risk.
Update for ONEOK, as I guessed in the previous idea, it was definitely a bull trap and ONE got landed at the first target.
I think the area of value in September will act as severe support in any future and it's not a bad idea to start DCAing here.
Educational: Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals.
In effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices. Dollar-cost averaging is also known as the constant dollar plan.
Harmony , ONEUSDT 1DAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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📊 #ONEUSDT ( Harmony )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 01.13.2022
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ONEUSDT Daily S/R| Range High| Price Action| Trend Evening Traders,
Today’s analysis – ONEUSDT- trading at a key trade location where a reversal is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- Single Print Fill
- Local OB
- .618 Fibonacci Support
ONEUSDT’s immediate price action is corrective and is trading at a key location that has technical confluence with the Daily S/R and Single Print, allowing for a bearish bias.
The immediate objective is the Local B, exceeding this level will lead to a bearish trend continuation.
Price action is currently range bunce, accumulation is imminent before the next expansion.
Overall, in my opinion, NEUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
ONE/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
BTC made a strong move today so I expect some alts to slowly catchup. ONE is looking really good and I expect a retest to the 0.31$ resistance. The coin had a rejection at the 0.28$ support and I expect a strong movement in the next days.
Crypto market is really risky right now with BTC slowbleeding, and getting outperformed by many altcoins ( ETH being one example) and thats never a good market sign. Be careful with any leverage trade because this is not the time to risk it all. Not financial advice.
I will stream tomorrow on TradingView so come to the stream at 4:15 pm UK time. I will do a review on all altcoins and answer all your questions.
$ONE$ONE :
Have a look at this $ONE.
Looks pretty well poised.
Possible scenarios - IMO :
1. It might pump a bit(Minor Resistance Zone)., to retrace back to Buy zone to gain volumes.
Once the Major resistance is broken - ATH incoming.
2. It might close Between Minor resistance and Buy zone., Oscillates for some days/Weeks (Confirming Bearish)
further drops down to True Buy Zone and Skyrockets to ATH.
$ONE is not the only one looking hazy.
Isn't it ?
Happy Trading.,