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Harmony

Technical Analysis of Harmony (ONE/USDT) by Blaž FabjanTechnical Analysis of Harmony (ONE/USDT) by Blaž Fabjan The chart of Harmony (ONE/USDT) shows a falling wedge formation, indicating a potential trend reversal and possible price increase. I will analyze various indicators and identify good entry and exit points for intraday and swing trading. Indicator Analysis Volume: Currently, the volume shows a slight increase, which could support a trend reversal if accompanied by further volume growth. Market Cipher B: This indicator shows divergences, suggesting a possible trend change. We observe green dots, usually a signal for potential upward movement. RSI (14, close): The RSI is at 46.06, indicating a neutral state. It is not in the oversold territory (below 30), which would suggest a potential upward reversal, but it is in the lower half, indicating a possible trend reversal upwards. Stochastic RSI (14, 1, 3): The Stochastic RSI is at 86.15, indicating overbought conditions, which could mean a short-term pullback before the trend reverses upwards. Intraday Trading Entry Points: At the current price (around 0.01560 USDT), when volume starts to increase. At the support line of the wedge (approximately 0.01520 USDT), if retested. Exit Points: First resistance level (around 0.01680 USDT). Second resistance level (around 0.01850 USDT). Swing Trading Entry Points: Upon breaking out of the wedge upwards (around 0.01600 USDT), confirmed by higher volume. At the current price (around 0.01560 USDT), with confirmation from indicators (e.g., green dots on Market Cipher B). Exit Points: First resistance level (around 0.01850 USDT). Second resistance level (around 0.02000 USDT). Third resistance level (around 0.02200 USDT), if the trend is strong. Conclusion The chart shows potential for a trend reversal due to the falling wedge formation. It is essential to monitor indicator confirmations and volume for entry and exit points. Intraday traders should pay attention to short-term fluctuations and rapid volume changes, while swing traders can aim for larger gains upon confirmation of the trend reversal.
by elfabiiani
2
ONE/USDT It required break the pattern for continue movement!💎 Paradisers, #ONE is indeed a coin worth monitoring closely. 💎 Currently, it's traversing within a descending channel while also displaying a bullish reversal pattern known as a double bottom on the chart. Momentum seems to be building as the price approaches the resistance of the descending channel. 💎 For a bullish momentum to materialize, ONE must successfully break out of the descending channel pattern. A breakthrough would signal potential upward movement, with the next target being the resistance at the neckline of the double bottom pattern. Breaking this level would confirm increased bullish sentiment and could lead to a test of our target strong resistance area. 💎 However, if ONE fails to breach the neckline resistance, we might see a retracement to test the demand area or even a decline to the major demand zone. 💎 Should ONE fail to bounce from the demand area and instead break below it, the price could continue its downward trajectory toward the major demand zone. 💎 If ONE reaches the major demand area around 0.0176 - 0.016 in the future, it's crucial for it to bounce, as this level holds significant importance. Failure to do so would validate the bullish invalidation, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
ONE/USDT Facing in the supply area, Could Break or rejected ?💎 ONE has recently encountered significant market dynamics. Currently, it is facing resistance in the supply area. In the previous attempt, ONE was rejected upon reaching this supply area. 💎 If ONE manages to successfully break out above the supply area, confirmed by a daily candle close, there is potential for continued upward movement, possibly reaching our target area. 💎 However, if ONE fails to break out above the supply area, there is a risk of price rejection, leading to a gradual downward movement towards the demand area to seek new momentum. 💎 The demand area holds crucial significance for ONE. The price must bounce from this level to attempt another breakout above the supply. Failure to sustain the demand area, indicated by a breakdown, would be a bearish sign. 💎 In such a scenario, ONE may switch back to a bearish trend, potentially leading to further downward movement towards the support area or even lower levels.
by MyCryptoParadise
Harmonic on Harmony x2 - Bullish Bat Long $ONELSE:ONE has completed a bullish bat and sprung above the prior resistance, which is a historical key level, it is now testing that resistance as support. It is possible that we go back down to the pcz of the harmonic to complete a type two return, hence why the stoploss is below that pcz. Having said that we are in an actionable area now so we plan to monitor it closely, potentially adding to our position should we retrace to the pcz. Daily is also showing potential bullish divergence.
Long
by SynergyTradingSetups
1
ONE/USDT Breakout the major pattern, Bullish Momentum for ONE!💎 ONE has recently experienced notable market dynamics, breaking out of a major descending triangle pattern, indicating a bullish momentum. 💎 However, the price now requires a retesting phase either at the demand zone or the Bullish OB area before continuing its upward movement towards our target area. 💎 If during the retesting phase, ONE fails to bounce and instead consolidates with weak volume, this could be a concerning sign. It suggests the potential for the price to break down below the demand zone, with the next likely stop being the Bullish OB area. 💎 Moreover, if the Bullish OB area also fails to sustain ONE above it, resulting in a breakdown, it would confirm a false breakout. In such a scenario, ONE could revert to a downward movement, with the possibility of returning to the strong support area.
by MyCryptoParadise_Nathan
8
Harmony prepping for potential upside - Wait for breakoutHarmony is one of the laggards with Gold. While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout. Once it breaks above, we will definitely get long and hold with a strong Risk to Reward. But right now patience is important, cause it could also fall South quickly. In fact, if you draw a Rectangle formation instead of an Inv H &S, it means that whether it breaks down or up, it could provide a very decent trade signal. My bias is up purely based on being a golden bull this year.
JSE:HARLong
by Timonrosso
Harmony not looking so harmonious in 2024 M Formation has been forming since November 2023 where the high was R120. There are lower highs forming and it looks like the price is about to crash down. This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market globally. If the price breaks the neckline, we could see the target at R82.29. Thoughts?
JSE:HARShort
by Timonrosso
1
ONE/USDT Pumping is Coming ?? Harmony Analysis TodayHello Paradisers, Token to Watch Closely! 💎 ONE experienced a significant rejection at a crucial support level, forming a strong bullish hammer candle. 💎Today, ONE surged with a robust green candle to challenge the supply zone, only to be pushed back. It's likely that ONE will revisit the hourly demand zone before resuming its upward trajectory. Should it break through the supply zone, expect a sharp upward spike for ONE. 💎The bullish outlook would be invalidated if ONE closes below the designated green line area for the day.
Long
by MyCryptoParadise_Nathan
ONE/USDT Just Broke Out of Descending Channel |👀🚀 What's Next?💎 Paradisers, turn your attention to ONEUSDT as it offers a significant trading potential. The asset has recently broken out of a descending channel, suggesting a strong possibility of an upward shift from a key support level. 💎 Over the recent weeks, Harmony has skillfully adhered to its channel pattern. Having reached the crucial internal support level at 0.00871, there's a high probability of a bullish reversal, which could lead to a breakout from the channel. 💎 The VRVP analysis supports this outlook, indicating that visits to key support levels often precede strong bullish movements. If this bullish trend gains traction, ONE is expected to aim for resistance levels at $0.0165 and $0.025. 💎 However, it's critical to monitor ONE's performance closely. A dip below the current support level of $0.0119 would signal a need to re-evaluate our trading approach. Such a decline could challenge the sustainability of the bullish trend, necessitating a strategic adjustment in response to the evolving market conditions. 💎 Stay vigilant and prepared, Paradisers. ParadiseTeam is here to equip you with insightful analysis and strategic advice to help you navigate these market scenarios confidently.
Long
by MyCryptoParadise_Simon
4
Harmony Gold Mining shares jump on strong Q1 resultsJOHANNESBURG - Harmony Gold Mining Company Limited (NYSE: HMY) shares climbed 9% to $4.87 in premarket trading Today, following the announcement of a robust fiscal first quarter performance. The South African gold miner reported a significant increase in gold production and a reduction in costs, leading to a notable 31% rise in the company's stock since the start of the year. In the July-September quarter, Harmony Gold saw its gold production escalate by 17%, with nearly all operations contributing to this growth. Notably, South African underground mines exhibited an 18% improvement in grade, alongside a strong output from the Hidden Valley mine. These advancements have propelled the company's revenue up by a third, reaching ZAR14.8 million ($793 million). Efficiency measures have also played a key role in Harmony's financial uplift. The miner successfully brought down its costs through the utilization of lower-cost surface treatment production methods and by leveraging higher silver and uranium by-product credits. Looking ahead, Harmony Gold remains confident in its operational targets, reiterating its full-year gold production forecast of between 1.38 and 1.48 million ounces. Furthermore, the company aims to maintain its All-in Sustaining Costs (AISC) below ZAR975,000 per kilogram. Investors have responded positively to these developments, signaling confidence in Harmony's strategic direction and its ability to maintain momentum in a challenging market environment. The company's focus on increasing efficiency while boosting production levels appears to be paying dividends as it navigates the volatile gold market. Technical Analysis Price Momentum HMY is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NYSE:HMYLong
by DEXWireNews
Key point : Whether support is possible above 0.1619-0.1638Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ONTUSDT chart) (1W chart) The key is whether it can rise to the 0.1695-0.197 range and receive support. (1D chart) It is expected that a full-fledged upward trend will occur only when it rises above 0.3443. Accordingly, the key is whether it can receive support around 0.1638 and start rising above 0.2198. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto