Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications. Harmony achieves scalability and increases the speed of transactions and block generation through the use of random state sharding. Random state sharding allows the network to split the database into smaller partitions called shards to reduce latency.
Anyway, It is clear that after ONE's harmonic pattern ended, an upward move started but lacked momentum. So, ONE went further down to accumulate momentum, and after did so, a strong upward wave started, and now it seems breaking the minor downtrend line too. Looking at the chart, it can be seen that ONE has a lot of room to rise. Let's see what happens.
Anyway, It is clear that after ONE's harmonic pattern ended, an upward move started but lacked momentum. So, ONE went further down to accumulate momentum, and after did so, a strong upward wave started, and now it seems breaking the minor downtrend line too. Looking at the chart, it can be seen that ONE has a lot of room to rise. Let's see what happens.
Note
So, ONE is trying to break the minor downtrend line; if successful, the next upward phase will start.
Note
So, it seems ONE is moving in an ascending inverted wedge pattern. Currently, ONE is at the bottom of this pattern and breaking the minor downtrend line upward. Let's see if ONE can reach the major horizontal resistance area or not.
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So, ONE went down to retest the local lowest low. Then, ONE started to accumulate momentum for the next upward wave. It seems ONE is on the move to go up. Also, an inverted head and shoulders pattern is formed; if true, have to wait and see for ONE to break the neckline. Let's see what happens.
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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.