Intro:
- Helium (HNT) is in the field of decentralized wireless infrastructure and a decentralized machine network powered by a physical blockchain.
- Helium is mined and distributed to Hotspot Owners.
- There is no pre-mine of Helium and every month approximately 5 million new coins are minted.
- In circulation we have 100 million coins out of possible 223 million coins.
- Total market cap is currently around 3.5 billion and still has a lot of room to grow
Daily chart:
- Price finds itself at an ATH around 35$. Unless you Dollar cost average (DCA) it is not recommended to add at an ATH. We therefore suggest you wait for a pullback and buy lower (for example around 27$).
- Volume seems to in- and decrease during and after pricepumps. No clear trend is seen here while price keeps increasing.
- RSI analysis shows that we are in an uptrend that confirms the current price trend. We currently face resistance at the 80 line which is the entry zone of the overbought region. Again not the best play to buy.
- Moving Average: Price is far away from the 20MA which is bullish, however for adding coins it's a bad entry point.
- Support lines are at 26.5$, 18.5$ and 9.5$. The ascending yellow line possibly acts as support as well.
- Resistance lines are currently non existent since we are in price discovery territory.
Expectation:
- We expect HNT to perform well within the next 3-4 months and print new ATH's.
- However, to enter the game we strongly suggest to wait for a pullback. Congratulations to all that are already invested into this project.
- End of the year prediction: We will see a 50$+ HNT before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
- Helium (HNT) is in the field of decentralized wireless infrastructure and a decentralized machine network powered by a physical blockchain.
- Helium is mined and distributed to Hotspot Owners.
- There is no pre-mine of Helium and every month approximately 5 million new coins are minted.
- In circulation we have 100 million coins out of possible 223 million coins.
- Total market cap is currently around 3.5 billion and still has a lot of room to grow
Daily chart:
- Price finds itself at an ATH around 35$. Unless you Dollar cost average (DCA) it is not recommended to add at an ATH. We therefore suggest you wait for a pullback and buy lower (for example around 27$).
- Volume seems to in- and decrease during and after pricepumps. No clear trend is seen here while price keeps increasing.
- RSI analysis shows that we are in an uptrend that confirms the current price trend. We currently face resistance at the 80 line which is the entry zone of the overbought region. Again not the best play to buy.
- Moving Average: Price is far away from the 20MA which is bullish, however for adding coins it's a bad entry point.
- Support lines are at 26.5$, 18.5$ and 9.5$. The ascending yellow line possibly acts as support as well.
- Resistance lines are currently non existent since we are in price discovery territory.
Expectation:
- We expect HNT to perform well within the next 3-4 months and print new ATH's.
- However, to enter the game we strongly suggest to wait for a pullback. Congratulations to all that are already invested into this project.
- End of the year prediction: We will see a 50$+ HNT before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.