Is #ONE About to Break Out or Break Down? Key Levels to WatchYello, Paradisers! 🧐 Are you keeping a close eye on #ONE? If not, you might want to start now because #Harmony is reaching a crucial level:
💎 LSE:ONE is trading within a descending channel, but it’s approaching a key demand zone that could trigger a significant move. We are expecting a bullish breakout from the descending channel.
💎#Harmony (#ONE) is currently adhering to a descending resistance pattern. However, the price is inching closer to a critical demand level at $0.010, which could be the game-changer. If the price taps into this level and gains momentum, we might witness a bullish breakout.
💎A break above the descending resistance could push #ONEUSDT toward the major supply area at $0.018. This zone is crucial—if we see a successful breach, expect a strong bullish move targeting the next resistance zone.
💎But let’s not forget the downside risks. If #ONEUSDT fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $0.0085.
💎However, if LSE:ONE drops below this level, it could signal a prolonged bearish trend, keeping the price locked within the descending channel.
Stay focused, sharp, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
ONE
Harmony (ONE/USDT) on the 1-hour timeframeTechnical Analysis by Blaž Fabjan
Price Action:
The price is currently trading around 0.00928 USDT, showing a slight decline.
The chart indicates a possible downtrend that has been ongoing, but there is a blue arrow suggesting a potential bullish reversal.
Support and Resistance Levels:
Several resistance levels are marked in orange bands, indicating potential selling zones as the price moves up.
The nearest support level is around the current price, with historical data suggesting that price action has interacted with this level multiple times.
Volume:
The volume is relatively steady, with a recent uptick suggesting some buying interest at lower levels.
Indicators:
WMG Cipher & Divergences: Shows a mix of signals, but the green dots at the bottom indicate potential bullish divergence, suggesting a possible upward movement.
RSI (Relative Strength Index): The RSI is at 26.78, which is in the oversold territory, suggesting a potential bounce or reversal.
Stochastic RSI: The Stochastic RSI is also in the oversold area, with a value of 31.87, suggesting the market may be due for a bullish correction.
Overall Sentiment:
The chart suggests a possible end to the bearish momentum with signs of potential bullish reversal. The combination of oversold RSI and Stochastic RSI, along with bullish divergence signals, supports this view.
Trading Plan:
Intraday Trading:
Strategy: Look for a potential bounce from current levels. If the price action shows a bullish reversal pattern (like a hammer or bullish engulfing), consider entering a long position.
Entry Point: Around 0.00928 USDT or slightly above after confirmation of reversal.
Stop Loss: Set a stop loss just below the recent low or below 0.00900 USDT to protect against further downside.
Take Profit: Consider taking profit near the first resistance level around 0.01000 USDT.
Scalping:
Strategy: Capitalize on small price movements within the range.
Entry Point: Enter long positions on pullbacks or near support levels.
Stop Loss: Use tight stop losses, such as 0.00915 USDT.
Take Profit: Aim for quick exits at minor resistance levels, such as 0.00950 USDT or 0.00970 USDT.
Scalping Tips: Monitor the market closely and exit positions quickly when resistance levels are reached or momentum slows.
Swing Trading:
Strategy: Take advantage of the potential medium-term reversal.
Entry Point: Enter a long position if the price confirms a break above the downward trendline and sustains above 0.00950 USDT.
Stop Loss: Set a wider stop loss below the major support level, such as 0.00900 USDT, to allow for price fluctuations.
Take Profit: Target higher resistance levels, such as 0.01100 USDT or 0.01250 USDT, based on the resistance bands.
Conclusion and Advice:
For Long Positions: The indicators suggest a potential bullish reversal, but confirmation is crucial. Wait for clear signs of a reversal before entering a long position. The overall sentiment leans towards a recovery, but risk management is essential.
Risk Management: Use stop losses to protect capital, and consider scaling into positions gradually rather than committing full capital at once.
Advice: Keep an eye on volume and market sentiment for additional confirmation. Be prepared for potential volatility, especially near resistance levels, and adjust your strategy accordingly.
Technical Analysis of Harmony (ONE/USDT)Technical Analysis of Harmony (ONE/USDT)
The chart shows the 4-hour timeframe for Harmony (ONE/USDT) with various technical patterns and indicators highlighted:
Head and Shoulders Pattern:
A clear Inverse Head and Shoulders pattern is identified, with the left shoulder, head, and right shoulder marked.
This pattern generally indicates a potential reversal from a downtrend to an uptrend.
Triangle Pattern:
A descending triangle is noted before the formation of the right shoulder, indicating consolidation before a potential breakout.
Resistance and Support Levels:
Multiple resistance zones are highlighted in orange.
Key support levels are noted, particularly around 0.012 USDT.
Volume:
Volume patterns should be watched closely, especially during breakout attempts.
Indicators:
VMC Cipher B: Shows divergences and potential momentum shifts.
RSI (Relative Strength Index): Currently around 50.97, suggesting neither overbought nor oversold conditions.
Stochastic Oscillator: Showing values of 57.69 and 64.49, indicating moderate momentum.
Trading Plan
Intraday Trading
Entry: Look for a break above the neckline of the Inverse Head and Shoulders pattern around 0.0148 USDT.
Target: First target is the immediate resistance level around 0.0160 USDT, followed by the next resistance at 0.0180 USDT.
Stop-Loss: Place a stop-loss just below the right shoulder, around 0.0130 USDT.
Indicators to Watch: Monitor the RSI and Stochastic for overbought conditions, and the volume for confirmation of the breakout.
Scalping
Entry: Enter on short-term momentum shifts indicated by the Stochastic oscillator crossing above 60.
Target: Small targets around 0.001 - 0.002 USDT above the entry point.
Stop-Loss: Tight stop-loss around 0.0005 USDT below the entry to manage risk.
Indicators to Watch: Stochastic oscillator and VMC Cipher B for quick momentum changes.
Swing Trading
Entry: After confirmation of the breakout above the neckline of the Inverse Head and Shoulders pattern and retesting of support.
Target: First target at 0.0220 USDT as per the extended arrow, with a long-term target at 0.0240 USDT.
Stop-Loss: Below the right shoulder, around 0.0130 USDT.
Indicators to Watch: Look for sustained RSI above 50 and increasing volume to confirm the trend.
Advice for Long Position
The chart suggests a potential bullish reversal indicated by the Inverse Head and Shoulders pattern.
A breakout above the neckline around 0.0148 USDT would be a strong confirmation for a long position.
Monitor key resistance levels at 0.0160, 0.0180, and 0.0220 USDT.
Ensure risk management with appropriate stop-loss levels and keep an eye on volume and momentum indicators for confirmation.
Given the current market conditions, entering a long position upon the breakout with close monitoring of resistance levels can be considered a viable strategy.
ONE long term analysisIt looks like the long-term correction of ONE will continue.
Waves can be seen on the chart, which show that the correction of ONE is continuing.
It looks like we have a big ABC on the chart, wave B is a triangle, now there is only one wave left of the triangle (wave e).
We will look for sell/short positions in the red box.
Our mid-term and long-term view on ONE is as follows.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Technical Analysis of Harmony ONE/USDTTechnical Analysis of Harmony ONE/USDT
Chart Patterns:
Falling Wedge: There is a prominent falling wedge pattern indicating a potential reversal. The price is nearing the apex of the wedge, suggesting an impending breakout.
Rectangle and Triangle: Within the larger pattern, there are smaller formations like a rectangle and a triangle that hint at periods of consolidation and breakout opportunities.
Support and Resistance Levels:
Immediate Support: Around 0.00863 USDT, as marked on the chart.
Immediate Resistance: Approximately at 0.01000 USDT.
Target Zones: Multiple target zones are marked, indicating potential price levels to watch for after a breakout. These zones range from 0.015 to 0.035 USDT.
Indicators:
VWMC Cipher B Divergences: Suggests potential bullish divergence, indicating a possible upward movement.
RSI (Relative Strength Index): Currently around 22.23, which is in the oversold territory, suggesting a potential upward correction.
Stochastic RSI: Also in the oversold territory, reinforcing the RSI signal.
Trading Plans
Intraday Trading
Entry Point: Look for a breakout above the immediate resistance at 0.01000 USDT. Confirm this with increasing volume.
Stop Loss: Place a stop loss just below the support level at 0.00863 USDT.
Target: Initial target at 0.015 USDT. Adjust stops to break even once the price reaches halfway to the target to secure profits.
Scalping
Entry Point: Enter trades at small retracements within the larger patterns. For example, when the price dips towards the lower boundary of the triangle or rectangle.
Stop Loss: Tight stop loss around 1-2% below the entry point to minimize losses.
Target: Small gains around 2-3% per trade. Exit positions quickly to lock in profits, considering the high volatility of scalping.
Swing Trading
Entry Point: Enter long positions at the lower boundary of the falling wedge pattern or on confirmation of a breakout above the wedge.
Stop Loss: Place a stop loss below the recent swing low, which is around 0.00863 USDT.
Target: Longer-term targets based on the marked target zones, aiming for 0.020 USDT and 0.025 USDT. Trail stops to protect profits as the price moves in favor.
Conclusion and Advice for Long Position
Given the current technical setup, Harmony ONE/USDT appears to be at a critical juncture. The falling wedge pattern combined with oversold indicators (RSI and Stochastic RSI) suggests a high probability of a bullish breakout.
Advice:
Patience is Key: Wait for confirmation of a breakout above 0.01000 USDT with strong volume before entering a long position.
Risk Management: Always use stop losses to protect against unexpected market moves.
Monitor Indicators: Keep an eye on RSI and Stochastic RSI for potential overbought signals as the price moves higher, indicating potential exit points.
Long-Term Position:
Consider building a long-term position if the price breaks and holds above 0.01000 USDT with significant volume, targeting higher resistance levels as marked on the chart.
This analysis provides a comprehensive approach to trading Harmony ONE/USDT across different strategies. Always adapt your trading plan based on real-time market conditions and updates.
Technical Analysis of Harmony (ONE/USDT) on Binance Technical Analysis of Harmony (ONE/USDT) by Blaž Fabjan
Chart Overview
Harmony (ONE/USDT) on a 4-hour timeframe. The following key technical elements are observed:
Descending Triangle Pattern:
A descending triangle pattern is visible, characterized by a series of lower highs and a horizontal support line around the 0.01380 USDT level. This pattern is often seen as a bearish continuation pattern, but it can also lead to a bullish breakout.
Volume:
The volume is displayed at the bottom, showing a recent spike which may indicate increasing interest and potential for a breakout.
Indicators:
WMG Cipher B Divergences: Shows multiple divergences indicating potential bullish reversals.
RSL (Relative Strength Line): Currently at 36.07, suggesting the market is nearing oversold conditions.
Stochastic Oscillator: At 5.88, indicating the market is in an oversold condition, which could suggest a potential upward movement.
Trading Plan
1. Intraday Trading
Entry: Look for a breakout above the descending triangle's resistance line at approximately 0.01420 USDT with a confirmation candle on the 15-minute chart.
Stop Loss: Place a stop loss just below the recent swing low at 0.01370 USDT.
Take Profit: Initial target at the previous resistance level around 0.01500 USDT. Adjust stop loss to breakeven if price reaches 0.01460 USDT.
2. Scalping
Entry: Enter trades at support and resistance levels within the triangle, focusing on quick in-and-out trades.
Support Levels: 0.01380 USDT
Resistance Levels: 0.01420 USDT
Stop Loss: Tight stop loss of 0.001 USDT below the entry point.
Take Profit: Aim for small, consistent profits of 0.002 USDT per trade.
3. Swing Trading
Entry: Wait for a confirmed breakout above the descending triangle at 0.01420 USDT on the 4-hour chart.
Stop Loss: Place a stop loss below the breakout point at 0.01380 USDT.
Take Profit: Set initial target at 0.01600 USDT and a secondary target at 0.01800 USDT. Use a trailing stop loss to lock in profits as the price moves in favor.
Conclusion and Advice
Given the current chart patterns and indicators, a long position could be considered if a confirmed breakout above the descending triangle at 0.01420 USDT occurs. The oversold conditions indicated by both the RSL and the Stochastic Oscillator support the potential for a bullish reversal. However, traders should be cautious and watch for a confirmation of the breakout to avoid false signals.
Advice for Long Position:
Patience is key: Wait for a confirmed breakout and avoid entering positions prematurely.
Risk Management: Ensure proper stop loss placement to mitigate risks.
Volume Confirmation: Watch for an increase in volume to confirm the breakout.
In summary, Harmony (ONE/USDT) shows potential for a bullish move, but confirmation and proper risk management are crucial for successful trading.
ONE ANALYSIS (4H)ONE seems to be forming a bearish diametric that is now looking to complete wave E of this diametric.
The red range is the right range to complete the e wave.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#ONE/USDT#ONE
We have a descending channel pattern on the 4-hour frame, the price is moving inside it and adhering to its borders well
We have a support area in green at a price of 0.01400 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average 100
We have an upward trend on the RSI indicator that supports the price upwards
Entry price 0.01480
First target 0.01600
Second target 0.01780
Third target 0.01925
Harmony potential scenario for long-termHarmony is down almost 96% from its ATH and is forming a decent inverse H&S pattern on the HTF. The second shoulder is about to form due to a correction that started in March 2024. The main support for ONE is at $0.01, with the main target at $0.1682 and an optimistic target at $0.98! Let's see how it goes. DYOR
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.
Further downwardsThe current trend is downwards, and it's heading lower, with support. ONE is currently testing this support level. Additionally, there's a large descending channel, which could keep the price oscillating for a few weeks.
The bearish scenario suggests it might hunt its support and, with solid confirmations, move further downwards.
ONEONE coin is currently undergoing a correction phase, which typically involves a temporary decline in price within an overall upward trend. During this phase, the price might take corrective liquidity, where sell orders are triggered to allow for more buying opportunities. This action can push the price higher, indicating a potential for good investment opportunities. Corrections are a normal part of market movements and can offer strategic entry points for investors looking to capitalize on future growth.
ONE - Looking like a moon trade #ONE/USDT #Analysis
Description
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+ The price has reached the broadening wedge pattern and is currently trading within the support zone.
+ I anticipate this support holding and the price rebounding from this zone. (However, if this support fails, our trade is invalidated.)
+ I'm initiating a short position at this point and will consider adding more once the rebound is confirmed.
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VectorAlgo Trade Details
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Entry Price: 0.01983
Stop Loss: 0.01595
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Target 1: 0.02251
Target 2: 0.02560
Target 3: 0.03124
Target 4: 0.03931
------------------------------
Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Alikze »» ONE | Wave 3 or C bullish scenarioAccording to the previous analysis, the currency of Harmony One reached its target. Currently, it is in the microwaves of rising wave 3, which can increase this wave to 0.063. to continue But in the higher time, it is expected that the started wave will return at least 100% of its previous wave to the area of $3.27. But in short-term goals, the specified supply areas can be considered as profit limits.
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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🌴
ONE ANALYSIS (4H)From where I put "start" on the chart, it looks like an ABC pattern or a more complex pattern.
Wave A is a diametric and wave B is a triangle. For wave C, it can drop.
By maintaining the supply range, the specified demand side can move.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#ONE\USDT#ONE
We have a bearish channel pattern on a 12-hour frame, within which the price moves and adheres to its limits well.
We have a major support area in green at the 0.01500 level
We have a trend to touch Moving Average 100
We have a downtrend on the RSI indicator that supports the price higher when it is broken
Entry price is 0.01800
The first target is 0.02200
The second goal is 0.02850
The third goal is 0.03420
ONE/USDT bullish reversal from key support? 🚀one Analysis💎 Paradisers, watch out for #ONEUSDT! It's coming up to an important spot that could mean prices are about to go up. If it keeps up the good work and ends up higher than $0.0226, we could see it climbing even more to hit tougher challenges.
💎If things don't go as planned and it falls below $0.0226, no worries—we've got a backup plan at $0.02000. This spot is like a trampoline with lots of support, ready to bounce the price back up.
💎 Just a heads up: if it drops below our backup, it might mean prices could keep going down as more people start selling. Staying sharp and ready to act is super important as we see how things unfold with #ONE
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.