ONE/USDT 200MA as new resistance? Falling wedge pattern

30 มิ.ย. 2021

One Harmony sees a decline in price since April and does not seem to stop.
The violet lines show a falling wedge pattern which is looking for support to bounce to the upside again.
Some support was found around the 0.05$ price level.
However, we also did find some resistance around the 200MA line.
If we decline from here and the small support around 0.05 does not hold we could see a decline down to the 0.035$ price level.

Be patient and wait for a reversal before you go long here.


Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.