matde

harmony ATH challenge analysis by matin taherzadeh

Long
BINANCE:ONEUSDT   Harmony / TetherUS
Hi guys
After prolonged accumulation, harmony attacks to the upside resistace at 0.618 fibonacci retracement level that was the main resistance level of this boy and break it hardly with a high thick weekly marubozu so lets make a deep insight on this coin:
The attractive thing about one/usdt pair is that the marubozu attack to the ATH (all time high) of this coin and if can break ATH level will become hyperbolic and even rockets to the moon !
now relative strength index and money flow index both are in the overbought zone show that one needs a correction and the possible reaction levels for recovery mentioned as the fibonacci levels.
if harmony successfully does its correction and then break the ATH, the targets upward mentioned on the chart. please note that this analysis is in the weekly time frame and the targets will be accessible in the mid term so your time& risk management is the most important factor to trade with this position trade.
always do your own research and with that: happy trading :)
good luck
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