Harmony ONE Technical Analysis 2021 for Crypto Traders

by Gordon James

Harmony ONE is a modular trading platform that is built on the Ethereum blockchain. The platform is designed for professional traders and features many convenient features. These include:

The world of cryptocurrencies and blockchain is a rapidly-evolving one, and it’s hard to see where all of this is going. Many of the most successful digital currencies will not survive the next recession, and the ones that do may not be the ones we’re expecting. These are exciting times, and our website is here to bring you the latest news on the crypto space.

The Harmony ONE is a smart home device, which means it is a device that not only does something useful, but also has the ability to do something useful. This makes it an excellent candidate for technical analysis, as it doesn’t matter if the user is using it for its original purpose, or to speculate on the price of its basic coin.

We utilize historical data, price trends, RSI, and other information about ONE to evaluate the cryptocurrency’s future movement in Technical Analysis of Harmony ONE for 2021. 

Harmony is a decentralized application platform built on the blockchain. The production mainnet has four 1000-node shards that create blocks in two seconds. The network’s goal is to build an open node network that is run and controlled by a big group of people. Pangaea is the name of the node community. The Proof-of-Stake (EPoS) protocol is used on the platform, which helps to minimize centralization and improve transaction speed. 

Harmony is planned to deploy cross-shard contracts and cross-chain infrastructure by the end of 2021, according to the project’s website.

Current Market Situation for Harmony Coin (ONE)

The ONE price is now trading at $0.083 with a 24-hour trading volume of $42,930,852, according to CoinGecko. ONE, on the other hand, has dropped 3.3 percent in the past 24 hours.

Furthermore, there are 10,195,178,970 ONE in circulation. ONE can be purchased on Binance, Huobi Global, HitBTC, Bitcoin.com Exchange, and Gate.io at the moment. 

Harmony ONE Technical Analysis 2021 

Harmony Coin (ONE) may achieve new heights as a result of recent improvements and enhancements. Let’s take a closer look at the Harmony ONE technical analysis for 2021. Below is a daily time frame chart of Harmony (ONE).

A chart continuation pattern is the bullish channel. Two parallel bullish lines make up this pattern. Furthermore, the price oscillates between these two trend lines. Furthermore, the resistance line at the top is referred to as such, while the support line at the bottom is referred to as such.

RSI, RVOL, and MA for Harmony Coin (ONE)

The Relative Volume (RVOL) of ONE is shown in the graph below. In general, relative trading volume is a trading indicator that is mostly utilized by day traders to compare current trading volume to previous trading volume. Notably, the RVOL has remained three times over the cut-off line in the past 30 days, indicating a higher RVOL. The RVOL is now below the cut-off line, indicating a Lower RVOL.

RVOL and ONE RSI (Image courtesy of TradingView)

Let’s take a look at ONE’s relative strength index (RSI). The RSI stays at 43, as seen in the chart above. This indicates that the price of ONE is almost oversold. However, this indicates that a significant price reversal may occur in the following days. As a result, traders must use caution while trading.

The chart below shows the Moving Average (MA) and Exponential Moving Average (EMA) for ONE. MA is also a component of technical analysis, which aids traders in identifying patterns. The exponential moving average (EMA) is a kind of moving average.

Harmony ONE Technical Analysis 2021 for Crypto TradersA 50-day EMA and a 30-day SMA (Image courtesy of TradingView)

The ONE price has clearly exhibited numerous bullish signals since the beginning of 2021. Furthermore, ONE may have a competitive market in 2021 if all of these factors are considered.

Conclusion

With the continuous improvements and enhancements to the ONE platform. In current crypto economy, the cryptocurrency ONE has a bright future ahead of it. It is conceivable, though, that ONE will achieve unprecedented heights.

The pricing estimate for Harmony ONE in 2021 is $0.222. As previously said, it has the potential to achieve tremendous heights, with a price of $0.5 if investors believe that ONE is a smart investment in 2021.

FAQ

What exactly is ONE?

Harmony is a blockchain platform that encourages the development and usage of decentralized apps (DApps). Its native currency is the ONE.

Where can you get your hands on one?

Binance, Huobi Global, HitBTC, Bitcoin.com exchange, and Gate.io are just a few of the cryptocurrency exchanges that have ONE listed. It may be traded for crypto fiat currencies, stablecoins, and other cryptocurrencies.

Will ONE be able to set a new ATH in the near future?

It has a good chance of achieving itx ATH soon, given the continuous improvements and enhancements inside the ONE platforms.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

Articles to Consider

Harmony ONE Technical Analysis 2021 for Crypto Traders. Read more about harmony (one crypto price prediction) and let us know what you think.

Harmony is a good investment, as it has been for the past few years."}},{"@type":"Question","name":"Does technical analysis apply to crypto?","acceptedAnswer":{"@type":"Answer","text":" Yes, technical analysis is a form of technical analysis."}},{"@type":"Question","name":"What is technical analysis in crypto trading?","acceptedAnswer":{"@type":"Answer","text":" Technical analysis is a method of predicting future price movements by analyzing historical price data and market activity."}}]}

Frequently Asked Questions

Is harmony a good investment 2021?

Harmony is a good investment, as it has been for the past few years.

Does technical analysis apply to crypto?

Yes, technical analysis is a form of technical analysis.

What is technical analysis in crypto trading?

Technical analysis is a method of predicting future price movements by analyzing historical price data and market activity.

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