ONE-BTC wait for it

ONE-BTC pair holds its downtrend channel (light blue channel) since 400 and looks like it's heading even lower.
Support formed between 0.382-0.5 fibs, what may be a good place to rebuy.


MACD - 30m, 1H chart looks overbought
MACD - histogram sell signal visible
RSI - bearish divergence indicates possibility of another price fall


Not a financial advice. This idea is only for learning purposes.

Ordine annullato:

heading north

Commento:

Support 0.5 - 0.382 fib was still too weak to hold and failed. Always be very careful when trading a new coin. Harmony is in correction phase now, what is very healthy state after first hype.
(If you click a play and check a chart, you can see a descending triangle formed with support at 500sats. This shape is very bearish, but might be bullish when in uptrend. Support failed and Bearish descending triangle was confirmed.)
Analysis failed.