Short Term Harmony One Swing Short.BINANCE:ONEUSDT
Harmony peaked at $0.194 cents, just above the pitchforks upper parallel lines of both the White (Schiff Pitchfork) & Yellow (Original Pitchfork).
The RSI reached overbought levels and the DMI noted that the trend was changing when the +Di failed to reach the ADX line at a new high. (Yellow Box)
Price predictably dropped to the median line of the yellow Schiff-fork.
I observed that the -DI is beginning to cross up above +DI and the ADX line, and it appears that a short-term descending triangle (green) is forming.
I am targeting a further drop to the median line of the white pitchfork.
I went short at $0.188, and I am targeting the $0.182 level to take profit at the white median line.
Stop-Loss set at $0.19