ONE/USDT Update: Breakout of falling channel. Regaining 0.5 Fib

2 mai 2021

OneHarmony broke out of its descending parallel channel indicated by the yellow lines.
According to Fib Retracement levels we even touched the 0.7 line to finally find some support.
ONE then regained the important 0.5 Fib level and currently struggles to go beyond the 0.3 level.

So the recovery is bullish while the continued drop of volume indicates less interest.
If we break the violet line we suggest to get support around the new possible entries indicated by the boxes.



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.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.