ONE/USDT It required break the pattern for continue movement!💎 Paradisers, #ONE is indeed a coin worth monitoring closely.
💎 Currently, it's traversing within a descending channel while also displaying a bullish reversal pattern known as a double bottom on the chart. Momentum seems to be building as the price approaches the resistance of the descending channel.
💎 For a bullish momentum to materialize, ONE must successfully break out of the descending channel pattern. A breakthrough would signal potential upward movement, with the next target being the resistance at the neckline of the double bottom pattern. Breaking this level would confirm increased bullish sentiment and could lead to a test of our target strong resistance area.
💎 However, if ONE fails to breach the neckline resistance, we might see a retracement to test the demand area or even a decline to the major demand zone.
💎 Should ONE fail to bounce from the demand area and instead break below it, the price could continue its downward trajectory toward the major demand zone.
💎 If ONE reaches the major demand area around 0.0176 - 0.016 in the future, it's crucial for it to bounce, as this level holds significant importance. Failure to do so would validate the bullish invalidation, potentially leading to further downward movement.
MyCryptoParadise
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