Harmony ONE Token Breaks Through Resistance; New All-Time High Incoming!
Harmony ONE Token: With Harmony’s Ethereum Bridge expected to launch tomorrow, the ONE token’s price is set to explode!
Covered:
- Bullish Consolidation
- Initiate Launch Sequence
- Other Signs of Bullishness
- How High Can It Go?
Bullish Consolidation
Harmony ONE has been on fire lately. It’s up a massive 777% since bottoming out back on June 22. This monster run brought the price to a new all-time high of $0.397 USD just weeks ago. Since then, it has pulled back into a beautiful, textbook flag pattern from which it is currently breaking out of at the time of writing.
Harmony One Token: Initiate Launch Sequence
As you can see from the image below, the current daily candle is pushing up past the downward sloping line of resistance of the descending channel (flag) it has been forming over the past few weeks.
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If this candle can close above that line, the probability of new all-time highs will increase dramatically, and indeed seems likely.
Other Signs of Bullishness
This potential breakout is further supported by an uptick in volume, as well as a breakout on the RSI. The momentum oscillator is pushing up with strength past the 50 mark, giving it plenty of room to move before reaching oversold territory.
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Harmony One Token: How High Can It Go?
If we use the length of the “flag pole” to extrapolate out a potential price target for ONE, as is often done by traders, then this move looks like it wants to reach $0.50. Which would mean another 57% to the upside.
Harmony to the Moon!
The post Harmony ONE Token Breaks Through Resistance; New All-Time High Incoming! appeared first on CryptosRus.
Text source: CryptosRus
