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Hey friends this is a op here Val welcome to the new update on Harmony 1 as in my earlier video I was showing you that Harmony 1 is about to break a very big down channel on the 7 Days time frame chart and this was my last video
By the way and now if we take a look at the live chart then you can see that finally it is happening and it is breaking out this quite long-term downtrend land resistance of a very big down channel before that it has already broken out a quite longterm downtrend
And resistance of this previous falling wedge pattern and after that the price got rejected by this resistance of this quite long-term down Channel by the way we found the support and resistance of this next down Channel when it was moving inside this previous big falling wedge pattern you can see we got
Rejected by this resistance here we got another Bounce from this support and then we broke out the resistance of the channel but uh after that uh it formed a very huge double bottom you can see that this was the first bottom here and after that it got rejected by the resistance
Of the channel and and this is the formation of the second bottom and now it is about to break this very long-term down Channel at the same time it is also trying to break out a quite long-term resistance of ich milu bearish Cloud as well you can see that since it has
Appeared it is working as a very very strong resistance previously when we broke out this Cloud here in the month of December 2020 and you can see that we had a very very massive rally you can see that from here up to this high that was more than 6000% rally by the way
From this L of March 2020 up till this high that was more than 32,000 very very massive rally same as like that after breaking out this Cloud it can start a very very massive rally and in today’s video we will once again take a look at this move but before
Starting this analysis if you’re are not subscribed to my channel then do subscribe it and for more trading signals you can also join me and support me as a YouTube member res patreon member because there I’m sharing different trading signals for you and you can find a link to join me there in
The videoos description after shared and if you would like to see how my trading signal worked then I’ve also shared the link for the trading signal report for the current month of Fab 2024 in the video description you just need to open that report and if you would like to
Check or verify any trading signal like this the trade setup for render you just need to click on the link for the trade setup and it will take you to the trading View and on this chart you can see when I shared the signal for example
In this case I shared the signal on 15th of f 2024 you can also want the comp trade setup as well like this the buying range and the sell Targets on and the stop loss and in order to see how the price line moved after sharing this
Signal you need to click this play button like I’m going to do here and after that it will show you how the price and moved up from the buying Zone and rallied to the sell Target on and this was a very very massive pump by the
Way now let me to take you to the live chart of Harmony One and this is the seven days time frame chart previously you can see that since after the month of April 2021 when we found the support on this very huge falling wedge pattern
It was moving inside this Ved by the way we found the resistance here in the month of January 2022 and since then you can see we got s rejections by this downtrend line resistance where the priceing could not uh break out and here in the month of January 2023 finally we
Broke it out but it could not continue this move to the upside due to this downtrend L resistance of this down Channel and at the same time Harmony one was also rejected by this quite long-term resistance of 2.6 c as well in fact from 2.6 cents to 3.5 cents can be
A very very longterm support and resistance on if I highlight this area then you can see that uh for the past several years it is breaking as a very strong support and resistance on that like here it was breaking as a resistance and here it fall breaking as
A support here and here as a resistance here as a resistance resistance and right now you can see that the price L is again about to hit this resistance but at the same time it is also breaking out a quite big and long-term down Channel and this very very big EG moku
Bearish Cloud as well within next few hours when this weekly Candlestick will be closed and this break out will be more confirmed and I’m expecting that after that it can easily break out this long-term resistance that starts from 2.6 and and goes to 3.5 cents and after
Breaking out this EG moku bearish Cloud This Cloud can work as a very strong uh in long-term support after the breakout it can be flipped into a long-term support for the price line now if we take at the targets then Target for this breakout from this down channel is here
At the top of the channel that is approximately at 3.5 Cent and now if we take look at the final Target for this huge breakout from this previous falling wedge pattern that is here at the top of the wedge that is approximately at 40 cents so this was the update so far I
Hope that you likeed the analysis then do hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing different trading signals for you and
You can find a link to join me there in the videoos description I’ve shared take care goodbye
1 Comment
Harmony 1$🎉🎉🎉