- The trading volume of ONE Coin in the last 24hr at the time of writing this article is -27%
- The price of ONE/BTC and ONE/ETH at the time of writing this article is 0.000005446 BTC and 0.00007291 ETH respectively
- The price is taking the support on the 50MA
Long term view:-
In the daily chart time interval, the price is not able to break the resistance, the bulls have tried twice but only to bring the price back down by the bears. Now we can see the bulls are trying to push the price up but the bears are not letting that happen we can see the wick created by the candle. The technical indicator will show which way the price will go, first, the MACD is showing green histograms as the MACD line is above the signal line and there is no sign that the lines will change their direction soon. In addition to that, the RSI is in the neutral zone near 56 and the RSI line is pointing sideways which means the bulls and bears are giving each other a good fight in the order book. Lastly, the moving average is showing a neutral move as the 20MA is above the 50MA and both are above the 100MA.
Short term view:-
In the 4 hour time interval, the price is taking support on the 20MA, the price broke the resistance level and is above that, the bulls are trying their best to push the price up. In addition to that, the RSI is in the neutral zone near 56 and the RSI line is pointing sideways which means the Bulls and bears are giving each other a good fight. The MACD is showing a red histogram as the MACD line is below the signal line and there is no sign that the lines will change their direction soon but the lines are very close to each other and can cross soon if the direction is right. Lastly, the 50MA is below the 100MA and is heading towards the 100MA. The 20MA is already above the 100MA and shows no sign of change.
Conclusion:-
Looking at both long term and short term, the price may head towards the resistance and the bulls are trying their best to break the resistance they are going to try one more time, if they failed then the bears are going to take control of the price and make the trend bearish.
RESISTANCE:-$0.3309,$0.3474
SUPPORT:- $0.2860,$0.2616