The Harmony course was able to rise from $0.004 to $0.38 in the past year and has thus experienced a price increase of around 9,000%. But how is the course going? Could the Harmony price increase again in the near future, or even this year, and thus break the current all-time high of $0.38?
The Harmony price has been in a sideways phase between $0.16 and $0.22 since the crypto market crashed. As soon as a level is broken, we assume either an ascent or a descent. If we break $0.16, we anticipate a relatively quick descent to $0.12. We choose to target $0.12 as that is the closest support. If Harmony price breaks the $0.22 resistance, the price could target $0.26 next. There is also the next resistance, which is why we choose this level as the target.
Harmony price has a golden pocket that comes from the last major up move at around $0.165. As the GoldenPocket serves as strong support, the likelihood of our bearish breakout decreases. However, flat phases are continuation patterns, so we still expect the price to break to the downside. As previously written, the goal would be $0.12.
If the Harmony price nevertheless decides on the bullish variant and thus breaks the resistance of $0.22, we assume a short-term uptrend. The trend could continue to $0.38 as that is where the last resistance is located. After that, there are chances for the price to drop again to $0.16 to form a sideways phase. But more on that once the course has decided on a direction.
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