ONE/USDT - Correction After Bullish Candle
Hello traders and community, today we will tell ourselves shortly about the situation of ONE/USDT
Trend analysis
- As you can see from the ONE/USDT daily chart, the price of Harmony coin made big bullish candle after it with price action analysis I expect that there is high probability for correction movement which you can see on the chart (white line). Price of ONE may go down approximately down to 0.04517 price level after it will be done we can count with bullish movement again. After correction movement we can expect price on previous resistance level (price zone: 0.06303). Today's Resistance level is on 0,06303 price level, support level is near 0.03998 price level and global trend stays bullish. Always check for trustworthy signals before you make a trade!
Chart pattern
- Bullish breakout (approved)
- Correction (processing)
Technical indicators
- RSI: market is beyond the borders and is located near 79 level (overheated, Bearish signal)
- MACD: MAs are prepared for upward movement + they are moving away from each other and overall trend is going up (Bullish signal)
- BB: Volatility of the market started increasing after range movement accomplished (Bull signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall bullish signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Trend analysis
- As you can see from the ONE/USDT daily chart, the price of Harmony coin made big bullish candle after it with price action analysis I expect that there is high probability for correction movement which you can see on the chart (white line). Price of ONE may go down approximately down to 0.04517 price level after it will be done we can count with bullish movement again. After correction movement we can expect price on previous resistance level (price zone: 0.06303). Today's Resistance level is on 0,06303 price level, support level is near 0.03998 price level and global trend stays bullish. Always check for trustworthy signals before you make a trade!
Chart pattern
- Bullish breakout (approved)
- Correction (processing)
Technical indicators
- RSI: market is beyond the borders and is located near 79 level (overheated, Bearish signal)
- MACD: MAs are prepared for upward movement + they are moving away from each other and overall trend is going up (Bullish signal)
- BB: Volatility of the market started increasing after range movement accomplished (Bull signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall bullish signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
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