Harmony (ONE) - Bullish divergence
Continuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected 90% since the year began. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence with price action over an extended period.
3) RSI resistance breakout.
4) On the weekly chart you can see price action is testing support on past resistance (below).
Is it possible price action falls further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
weekly chart
On the above 2-day chart price action has corrected 90% since the year began. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence with price action over an extended period.
3) RSI resistance breakout.
4) On the weekly chart you can see price action is testing support on past resistance (below).
Is it possible price action falls further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
weekly chart
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.