ONEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily frame time. The price does not have enough power to go out of the resistance line. If we go out of the resistance line and stabilize above the line, we can trade for the above purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ONE
Important turning point in whole crypto and HARMONYIt might be early to say, because we can't exclude both a bullish or bearish outcome, but as we try to make accurate forecasts, 2 bullish scenarios are definitely not excluded:
Bullish:
1. Green Elliott impulse wave to 0.2 USD short term
2. Turquois Elliott impulse wave to identical or higher target midterm.
Bearish:
3. Break of the white ascending trendline and 200 EMA following..
Situation atm:
Big corrections or run ups influenced by bitcoin have drastic impact, but can technically be eliminated to have a clearer view of where the chart might be going.
If we wouldn't have had the break out to 0.18 and the correction to 0.06, we would still have a longer consolidation in the form of a symmetrical triangle with the turquois path as an outcome.
The white ascending trendline is in my opinion primordial and functions as support for another leg up.
The fact that we have volatility in a broad trading range is good for the future, cfr. Matic around the 0.3-0.5 level and 0.7-0.8 level, remember.
We have also on a smaller scale broken out from a descending wedge and are hanging between the 21 and 100 EMA. Break out of these levels will indicate highly probable further direction.
On a macro scale we could have ended an ABC correction with an abrupt C wave, or we will be having an elongated C wave which will indicate a beartrend. These corrections are probably a subdivision of a larger correctional wave 4. And as we are making heavy consolidation in a larger trading range, I believe a 5th wave will definitely be insane.
On the log scale, which is nice to see parabolic movements play out like a walk in the park, I prefer to watch the regular scale to avoid over bullish scenarios, which doesn't exclude the probability.
A last overview of the correction since the 0.22 usd level is the yellow descending broadening wedge we are in, but hasn't really made form... I don't believe this is happening, as another visit to the lower trendline of the wedge would reach sub 0 levels, which is of-course excluded and proves the latter.
So after this analysis I would say I am rather bullish than bearish, if you'd have a few months max. patience.
Best case scenario a week or 2, worst case, a bullish turnaround after 2nd quarter or beginning July, which makes sense as well. This would mean that bitcoin might have a longer recovery as well, and indicate a second bull-run phase half this year until end of the year.
I am still prosperous for the future of blockchain, certainly for undervalued top coins as Harmony. They haven't been working on marketing or the 'network effect', but I believe hidden gems are called that way to astonish the market in a positive way on the longer term.
🆓Harmony (ONE) May-23 #ONE $ONEONE is dumping and its target may be 0.06$ zone, actually it can dump to 0.03$ zone but we must pay attention to 0.06$ zone because it is very strong and a quick recovery of up to 0.12$ can occur from that zone
📈BUY
-Buy: 0.058-0.062$ if A. SL if B
📉SELL
-Sell: 0.117-0.123$. SL if A
♻️BACK-UP
-Sell: 0.058-0.062$ if B. SL if A
-Buy: 0.028-0.032$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
BTC daily, for me it´s a big opportunity Fear is on the streets today, but on my view we just finally touched the 21 weekly MA, we always did in the past halvings, why not again now?
Oh, and every time that average becomes support we don´t see it again for aa long time, so, on my side we are just dropping some weak hands, and smart people are buying and will buy the dip.
BTC is kissing the 21 weekly finallyI know most are bearish right now but I am waiting for that touch on the 21 weekly for a long time now.
That touch always happened before and It only indicated a new bottom for a continuation to the upside in halving periods.
I am bullish as hell from now on. The time for it to test the 30`k have passed since when the 21 weekly average moved to the 47k region. Now that is the bottom, at least for me.
Have a good one.
Harmony ONE formed a bull flag.Title basically. If ONE manages to break on the upper side, we shall see a parabolic move to at least 0.20 (textbook say that the height should be equal to the flag pole, but you never know with crypto).
Moves:
Buy 0.12/0.13 -> sell something at 0.16 just in case we don’t break the flag, let the rest ride if we break.
Buy when 4h candle closes above the upper side of the flag -> sell at 0.20. You can even sell something at 0.20 and let the rest ride if you feel comfortable.
Good luck, and stay safe!
Not financial advice.
ONEUSDT (ONE) - BULLISH SETUP ANALYSIS 🔎
- ONEUSDT hit an ATH and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1), this is a bullish signal.
- There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern.
- Price hit a swing high and retraced (right shoulder formation).
- Price is retesting the descending trendline resistance (DTR-1), horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The minor retracement at the right shoulder is resisted by the descending trendline resistance (DTR-2).
- Breakout above the descending trendline resistance (DTR-2) could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern).
- Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Breakout above the inverse head and shoulders neckline resistance (NR).
TARGETS 🎯
- All Time High (ATH) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below 0.786 fibonacci retracement level.
- Final invalidation : breakdown below previous swing low horizontal support level (S2).
$ONE. Reversal Structure. My favorite chart pattern.It's an absolute joy when I see this chart pattern. I don't know why. I can't explain it. It just is such an awesome pattern.
The analytical portion of me would say it's because this pattern requires the fitting together of multiple pieces, and there is a little bit of delayed gratification in coming to this eventual conclusion.... but let's just say I enjoy seeing this pattern.
I could call it the palm tree pattern! These are the trades that make me see beaches and sunlight.