HMQ was in a downward move since May. And currently at the point where its ATL was in Dec, 2017. By the past 3 days a good amount of volume was poured in and a good sign of an upward reversal pattern is in creation. If it can close above the falling wedge resistance line at around 990 there will be a possibility of an upward elliotwaves creation too. RSI looking good at 52. But 50EMA and 89EMA still above the price and needs to tune up by the following 2 to 3 days.
Entry Zone : 850 sats- 990 sats
Stop Loss : 720 sats
Possible Targets :
Short Terrm
T1 : 1203 sats
T2 : 1436 sats
T3 : 1625 sats
T4 : 1813 sats
T5 : 2082 sats
Mid / Long Term Possible Targets
T1 : 1648 sats
T2 : 2158 sats
T3 : 2569 sats
T4 : 2981 sats
T5 : 3567 sats
But accumulation need to be done partially with a risk management strategies in addition to buying using partial buy orders.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
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Entry Zone : 850 sats- 990 sats
Stop Loss : 720 sats
Possible Targets :
Short Terrm
T1 : 1203 sats
T2 : 1436 sats
T3 : 1625 sats
T4 : 1813 sats
T5 : 2082 sats
Mid / Long Term Possible Targets
T1 : 1648 sats
T2 : 2158 sats
T3 : 2569 sats
T4 : 2981 sats
T5 : 3567 sats
But accumulation need to be done partially with a risk management strategies in addition to buying using partial buy orders.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it.
You can also follow our telegram channel for more news, TA, FA, and trading tutorials. With Regards.
