您现在的位置是:Harmony (ONE) reports an extensive rebound >>正文
Harmony (ONE) reports an extensive rebound
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛156人已围观
简介Harmony (ONE)had suffered a major sell-off at the start of April. The coin in fact hit the lowest le...
Harmony (ONE)had suffered a major sell-off at the start of April. The coin in fact hit the lowest level since the tail end of February and was looking bearish. But so far, it seems like the token is rebounding. How long can this uptrend last? Learn more below but first, here are key takeaways from the article:
Harmony has managed to maintain strong support at $0.1130 in recent weeks.
The coin has surged by 6% in the last 24 hours albeit it remains 10% down for the week.
The rally over the last few days seems unlikely to last that long.
Data Source: Tradingview
Harmony (ONE) – Why the recent uptrend will fade?
There is a very big difference between a rebound and a trend reversal. When coins go through a sustained bearish period, they are likely to rebound slightly but overall, the bearish conditions still remain. This is the exact case with Harmony (ONE).
Although the coin has posted some decent gains in the last few days, we don’t expect the medium-term bearish trend to reverse. In fact, ONE still remains well below its 25- and 50-day SMAs. Besides, a look at the chart shows that coin has formed an inverted cup and handle pattern.
These two indicators suggest that a bearish trend is still expected. Perhaps the good news for ONE investors is the fact that the coin is still trading above the crucial support zone of $0.113. But if this price is breached, more losses will follow.
How to play the Harmony (ONE) setup?
There is a massive downside risk with Harmony right now. The best thing to do as an investor is to watch the price action this week. If bulls manage to maintain the $0.11 support, then you can buy and exit at 20% gains max.
The potential upside for ONE remains significantly low. But if the support is breached, give it another week to consolidate before you buy.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/9666.html
相关文章
Time to sell Dogecoin as token fails breakout at key resistance level
Harmony (ONE) reports an extensive reboundDogecoin’s bullish strength waned on weak fundamentalsThe cryptocurrency is yet to clear $0.07...
阅读更多
Hedera Hashgraph price recovery has taken a breather. Is it a buy?
Harmony (ONE) reports an extensive reboundHederaHashgraph (HBAR/USD) price retreated sharply in the past few days as cryptocurrencies retreate...
阅读更多
Sony drives its new Afeela electric car on stage using a PS5 controller
Harmony (ONE) reports an extensive reboundBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Sony Hond...
阅读更多
热门文章
- Space solar farms could power the world. But is it worth it?
- Where to buy Yearn.Finance as YFI shows signs of consolidation
- OpenAI’s marketplace for custom AI chatbots is launching next week
- Solar panels shade carrots, beetroot, saffron in a US farm experiment
- Beyond Bluetooth, Wi
- TransROTA is advancing plasma research with innovative codes
最新文章
Microsoft's $70 million data center investment will transform Wisconsin
SEC names 9 security tokens in landmark insider trading case
ADA price: Analyst says Cardano could jump 20% over next few weeks
Middle East’s clear regulation is attracting crypto companies
Coinbase introduces a paycheck feature for US users
NETGEAR adds support for Phantom to expand Meural NFTs