ONE - New ATH

1D/4H Charts

ONE made a new high after flipping the major daily supply into demand after having broke out of downtrend resistance. Its respecting the major trend having pulled into the golden fib level (0.5 - 0.618) and into a couple of strong daily demand zones, changing market structure, creating a break of supply and a new higher high and higher low.

Looking at the 4H chart, the resistance level had a nice break with lots of accompanying volume and a retest after the flip with lesser volume on the correction wave. Using fib projection we can expect to see the price head towards the 1.272 - 1.618 fib levels respectively.