HNT is successfully recovering! +50% in the near future.
Hello everyone! A month ago, I wrote my idea about HNT, but the delisting with Binance caused a drop in the coin's price.
However, as I mentioned in the comments on my previous idea, the project is old and has a strong team and goals they are achieving.
Currently, the asset has recovered from the fall and in a local picture on the chart, it has formed a technical analysis figure of an ascending triangle, successfully breaking the Fibonacci resistance level of 0.236 and consolidating above it.
If we look at it from a wider perspective, the asset is moving in a descending channel. The correction of the asset occurred to the lower boundary of the channel, and a reversal movement has started.
I expect the asset to recover to the Fibonacci level of 0.382 with further breaking of the level and a rise in price to the Fibonacci level of 0.618 ($2.28).
It is possible to expect the asset to retrace to the Fibonacci level of 0.236 and take a position in this area.
Targets on the chart.
This is not a financial recommendation, and everything you do is done at your own risk.
However, as I mentioned in the comments on my previous idea, the project is old and has a strong team and goals they are achieving.
Currently, the asset has recovered from the fall and in a local picture on the chart, it has formed a technical analysis figure of an ascending triangle, successfully breaking the Fibonacci resistance level of 0.236 and consolidating above it.
If we look at it from a wider perspective, the asset is moving in a descending channel. The correction of the asset occurred to the lower boundary of the channel, and a reversal movement has started.
I expect the asset to recover to the Fibonacci level of 0.382 with further breaking of the level and a rise in price to the Fibonacci level of 0.618 ($2.28).
It is possible to expect the asset to retrace to the Fibonacci level of 0.236 and take a position in this area.
Targets on the chart.
This is not a financial recommendation, and everything you do is done at your own risk.
Trade active:
1 TP reached