HIPPO is moving within the boundaries of an ascending expanding wedge on the global timeframe.
On the local chart, the price has formed a similar pattern
The price is attempting to break through the lower boundary of the pattern, with one false breakout. If the price breaks through, the pattern predicts a downward price trend
Current price: $0.003323
If the price breaks through, the pattern predicts a price move down to $0.0032 or lower
Also, if the price fails to hold after breaking through the lower boundary, a downward rebound to $0.003640 or higher is possible
More detailed analysis, additional charts, and key levels to watch are available on our website
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.