• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home INDIA

Rising Parallel Pattern Could Lead 30% Growth In $ONE Price

CB4U by CB4U
January 11, 2022
in INDIA
0
Rising Parallel Pattern Could Lead 30% Growth In $ONE Price
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Harmony [ONE] coin price chart shows an impressive recovery from its previous correction. The coin price is currently resonating in a rising parallel channel, which is leading this new rally. Though this pattern usually promotes a fallout from the support trendline, until the bottom line is intact the crypto traders can maintain a bullish sentiment.

Key technical points: 

  • The ONE coin price obtains strong support from the 20-day EMA
  • The daily RSI line slips below the 20-SMA line
  • The intraday trading volume in the ONE coin is $375 million, indicating a 21% fall.

Source- Tradingview

Recently when we covered an article on the Harmony [ONE] coin, its recovery rally was preparing to knock out another higher resistance of $0.33. However, the intense supply pressure from this level rejected the coin price with an evening star pattern.

Even though the price managed to sustain above the $0.27 support, surpassing the $0.33 resistance was still a hectic challenge for the buyers. Furthermore, the technical chart shows the price action is traveling in a rising parallel pattern.

This new rally in ONE coin has crossed above the crucial EMA levels(20, 50, 100), reclaiming the bullish alignment in the daily chart. Moreover, the 20 EMA line provides dynamic support to the coin price.

Amid intense selling pressure in the crypto market, the Relative Strength Index(52) is still sustaining above the neutral line(50).

ONE Price Displays Double Top Pattern In The 4-hour Time Frame Chart

Source- Tradingview

In contrast to the above price action, this 4-hour time frame chart shares a bearish outlook for ONE coin price. The coin chart displays a double top pattern with the neckline support at $2.7. Following this pattern, the coin can even violate the rising trendline and initiate another correction rally in the price.

The Moving average convergence divergence shows the MACD and signal are standing on the doorstep of the neural zone(0.00). If the price continues to follow a red path, the indicator lines would drop below the middle line, indicating bearish momentum.

The important resistance levels for ONE price

  • Resistance: $0.33, $0.379
  • support : $0.27, $215

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

Advertisement Banner
Previous Post

This Has NEVER Happened Before For Crypto!

Next Post

Crypto Crime Reached New Highs In 2021

CB4U

CB4U

Next Post
Crypto Crime Reached New Highs In 2021

Crypto Crime Reached New Highs In 2021

Discussion about this post

RECOMMENDED

Kraken Launches Fee-free NFT Marketplace

Kraken Launches Fee-free NFT Marketplace

3 months ago
History is About to Repeat on Bitcoin. | Why PAIN for Crypto Investors Continues. Wyckoff Analysis

History is About to Repeat on Bitcoin. | Why PAIN for Crypto Investors Continues. Wyckoff Analysis

4 days ago

DON'T MISS

Here’s Why XRP Price Is Surging Despite Struggling Crypto Market

Are Whales Dumping XRP? Here’s What Data Suggests

January 27, 2023
WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

January 27, 2023
U.S. and European Police Dismantle Hive Ransomware Group

U.S. and European Police Dismantle Hive Ransomware Group

January 27, 2023
Moody’s reportedly building a stablecoin scoring system

Moody’s reportedly building a stablecoin scoring system

January 27, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Here’s Why XRP Price Is Surging Despite Struggling Crypto Market

Are Whales Dumping XRP? Here’s What Data Suggests

January 27, 2023
WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

WHAT I FOUND OUT ABOUT ED & THE CRYPTO PROGRAM…

January 27, 2023
U.S. and European Police Dismantle Hive Ransomware Group

U.S. and European Police Dismantle Hive Ransomware Group

January 27, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian