ONEUSDT4H trend chart
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ONE had broken out this descending wedge but failed before.
It left a long upper shadow line which high is 0.29829(green horizontal ray)
Now, it broke through this wedge, and is going to take 0.29829 out.
If price can stand firm at 0.29829 w/o wicks top, trading strategy as below.
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Profit Targets:
a) 0.32501----blue horizontal ray
b) 0.38----Fib(1)
c) 0.44525~0.47163----Fib(1.272~1.382)
Stop losses:
a)0.27423-----Red horizontal ray
b)0.22731-----Red horizontal ray
Depend on the risk you can take.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.