Possible head and shoulder structure forming on Harmony One, ONE/BUSD.
Currently the price is at the resistance level. If the graph successfully completes the structure and breaks the neck line, then potential bearish price action can be witnessed which will be about 20% from the neck line.
Furthermore the RSI Indicator is indicating a over-bought region therefore there are chances that the price action will go bearish and complete the structure.
Time Frame selected: 1h
Pair: ONE/BUSD
Please note: This is not a financial advice and it's not certain that the market will behave as mentioned.
Currently the price is at the resistance level. If the graph successfully completes the structure and breaks the neck line, then potential bearish price action can be witnessed which will be about 20% from the neck line.
Furthermore the RSI Indicator is indicating a over-bought region therefore there are chances that the price action will go bearish and complete the structure.
Time Frame selected: 1h
Pair: ONE/BUSD
Please note: This is not a financial advice and it's not certain that the market will behave as mentioned.