- The ONE coin price reclaims the 20-day EMA
- The ONE/BTC pair traded at 0.000004013 BTC with a gain of 1.83%
- The ONE’s 24-hour trading volume for coins is $278.5 Million
As mentioned in my previous article on harmony, the coin price bounced from the 0.618 FIB level with a morning star candle pattern suggesting the retracement phase has ended. In the big picture, the technical chart shows the ONE coin is forming a Cup and Handle pattern, and the price has just taken the support of its handle portion. The neckline for this pattern is at the $0.23 mark, and a decisive breakout from this level gives a proper confirmation for the continuation of the bull rally.
The ONE coin’s price is trading higher than the crucial EMAs 20, 50, 100, and 200, indicating a bullish trend. Moreover, the coin price has also reclaimed the 20 EMA line, encouraging the ongoing rally.
The RSI value is 57, indicating a slightly bullish sentiment regarding the price movement.
The ONE Coin Displays A Rising Parallel Channel.
The ONE coin price shows the formation of a rising parallel channel pattern in the 4hr time frame. This pattern provides an excellent long opportunity for its traders whenever the price bounces off the support trendline. The current price of ONE coin is trading at $0.171, with an intraday gain of 5.62%.
The MACD indicator (BULLISH) shows the signal and MACD line are moving above the neutral area (0.00), indicating bullish sentiment.
Conclusion: From the technical perspective, the overall trend of ONE coin is bullish. And as mentioned above, the chart displays a reasonable possibility of the price continuing its rally and forming a rounding bottom pattern. Once the price gives a proper breakout from the pattern’s neckline, the Crypto trades can grab an excellent long opportunity for them.
Support – $0.161
Resistance – $0.187