Another one | Hifi Finance (HIFIUSD) is now completely out of a descending channel in which it was stuck since April.
The descending channel was broken with force, strong bullish momentum and the classic retrace followed the breakout.
Now, in just 1 day the entire retrace (mini-correction) has been nullified and HIFIUSD is back on the green and trading at the same level as it did in late June when things were strongly bullish.
The MACD is showing a young bullish cross above zero, which is super good TA speaking.
The RSI is ultra-strong since it hit beyond 60 and all this on the daily timeframe.
The current candle is trading above a Fib. level as well as EMA50, which opens the door for mid-term growth potential.
With a close above EMA50 ($0.3218) today, we can see HIFIUSD resume growing with a nice target of up to 200%. 75% Can be done easy and fast, the rest takes time to develop.
Namaste.
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+119% and growing... Enjoy the profits.
Trade closed: target reached
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200% Target achieved. It took a little over 2 months. Patience is key!
There can definitely be additional growth but for the purposes of this trade idea, the targets are done.
Namaste.
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+314% (15-Sep)
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+642% Growth so far, since sharing this trade idea.
+1,095% (12X) from the June to low to current peak...