ONE Technical Analysis: Sellers Ready To Crack Bearish Triangle

The lack of bullish commitment leading to a retracement forms a descending triangle with a base at $0.038, warns of a bearish continuation in ONE prices. Key technical points: The market prices slightly recover 0.65% over the past 24 hours. The bearish retracement within the descending triangle. The 24-hour trading volume of Harmony is $20.95 Million, indicating a hike of 5.55%. Past Performance of ONE ONE price showed a dramatic reversal from $0.038, which resulted in an increase of 36% increase to $0.053. However, it failed to exceed it, resulting in the retracement phase. The downward trend creates an upward trendline that forms the shape of a triangle with an initial base at $0.038mark. Conversely, a downward trend can increase the probability of a bearish drop. Source- Tradingview ONE Technical Analysis Harmony (ONE) buyers exhibit a downward trend in intraday trading volume, which raises the probability of a bearish turn within the price trend. However, traders must look for a close below the base to ensure they don’t get caught in the reversal. The Bollinger bands exhibit a contraction period after the reversal of the lower band, which stabilizes the falling trend. However, the midline of the Bollinger bands provides a dynamic resistance to bullish growth. The MACD and signal lines show an upward trend that continues the path to the zero line. But, the decreasing intensity in bullish histograms suggests a potential cros...