ONEUSDT trade ideas
$ONE local top might be in.The 1D chart had hit the fib level again. The pump towards this fib level was not backed by more strength hence the (probable) bearish divergent on both RSI and OBV are likely to happen. This might be the local top for $ONE for now. I am expecting a correction to around $0.266 at the very least but it can go lower too to around $0.225. Of course, it could be invalidated and pumped hard more but the chance for this to happen is smaller. At this point, I better wait for a better level to buy the spot and look for a good entry to short with tight stop loss.
It leaves a long wick below the supportOn a 4-hour TF, It leaves a long wick below the support of $ 0.265 area that shows stop hunting and price rejection. The local resistance is $ 0.300 area and $ 0.325 - $ 0.335 area. The major resistance is the all-time high area near the $0.380 level. We may see more upward on ONE in the coming days and a retest of the all-time area.
Harmony Market Analysis Hi everyone if you like the idea or setup please give it a like and a follow
Heres a requested chart of harmony. We been trading in an ascending triangle before breaking it in Oct,2021 but unfortunately resistance turned to support did not hold up strong and market ended back in the triangle (purple line)
In the smaller timeframes (daily) market rejected $0.332 area multiple times and created an indecisive weekly candle, I will be watching the next candle carefully, but I see this as confluence for the push down to $0.19-$0.17, which will be our higher low compared to the previous low.
I’d personally see how price reacts at these zones for a possible buy entry
As always, Be patient, but don’t time the markets