ONE Technical Analysis | Harmony Crypto - Soon To Double With Pattern Breakout

We are here yet again to enlighten you with predictions from the Crypto community!! 

And today we present to you a technical analysis video on the ONE Token!

Harmony is an open source blockchain platform that was designed to ease the creation as well as use of decentralized apps (DApps). The network is designed to improve the way that decentralized applications operate by making use of random state sharding. This lets you create blocks in a matter of just a few seconds.

According to the website of the project, Harmony is expected to launch cross-shard contracts as well as cross-chain technology before the year 2021's end.

The live ONE token price today is $0.3695 with an intraday trading volume of $643,612,745. The coin price is up by 6.08% in the last 24 hours. With a live market cap of $4.26 Billion, the coin has a spot reserved in the Top 50 largest coins in the world.

ONE coin price shows a growth of more than 35% in the past four days from the curve of the rounding bottom pattern. The rally creates multiple bullish engulfing candlesticks in the daily chart. Thus, the rally brings the long-awaited bullish breakout of the rounding bottom pattern.

Let’s have a deepened insight into the technical analysis of ONE Token and see what the indicators have to say about it.

The ONE coin price action rises above the resistance zone at $0.34 with a boom in buying pressure. The depth of the rounding bottom patterns hints at a possible 100% gain in the coin price.

The crucial EMAs (50, 100, and 200) maintain a rising trend in the daily chart. These EMAs can act as dynamic support levels and help maintain the uptrend during each bear attack.