evasivesteering

HNT wants to break out (again)

BINANCE:HNTUSDT   HNT / TetherUS
I would like to update this trade (see link below for the previous analysis).

HNT formed an Eve & Adam pattern on 12H TF (or Cup & Handle pattern). Since the bottom, it rallied 70% trying to break the necklines serveral times and being rejected everytime. However, it doesn't seem to give up.

HNT needs a 12H candle closing above $11.8 to breakout the neckline. Next resistance is the trendline starting since November 2021. After these breakouts, HND may head the 50% target.

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This is not a financial advice. Risk management under your control.

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