HNTUSD Critical test on the 1D MA50

Helium (HNTUSD) is trading within a Falling Wedge pattern since the September 06 Low and a Channel Down since the May 12 Low. Today it hit the 1D MA50 (blue trend-line) for the first time since November 05 and the FTX crash. Today's test happens to be at the top (Lower Highs trend-line) of the Falling Wedge as well.

A rejection should pull the price back down to the bottom of the Wedge. A break above it is still limited to the middle of the Channel Down but above it the upside extends as high as the 1D MA200 (orange trend-line), which is currently a little below 6.000.


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