pcarballeda

HSR short-term analysis

BINANCE:HSRBTC   Hshare / Bitcoin
Here is my first public analysis and is about HSR. I think that is gold             and is ready to go really high. You should pay atenttion at the point on where the pennant and Ichimoku cloud match (1500) . If price break that point it will be ready to test other higher supports at 3250 and 4300.

This is not investment advice, just my ideas about what can happen with this product.
Comment: I forgot to mention the other possibility. In case the price test at the breaking point of the triangle and the price is rejected, we could see a drop to 600 to continuing in a descending channel trend (red line).

Traders should pay close attention to the price movements in the coming days. I'm working on the 4-hour chart.
Trade active:
Comment: Definitely this is not a short-term trade... As you can see I don't know what I'm saying.

I failed my previous prediction but I think that this is matters of few hours, HSR is ready to breakout. Please take a look at MACD, RSI and DPO indicators on 4h chart.

-MACD is ready to turn around and go up.
-RSI is in overbought zone, so HSR needs to go up.
-DPO is below zero line, so needs to go up.

Also you can see that HSR is in a very important crossroad between the big triangle formed by the previous big movement and the new ascending channel. We need to watch close HSR for the next hours. I'm writing these lines I I can see a green candle on this crossroad, this is a good signal, HSR could be bouncing. And... until HSR is going to bounce? for me to some place between 1550 and 1650. We will need how HSR behaves when arrive to this point and touch the top of the ascendant channel.

I think that this coin is a good choice tho take good profits without risk if you have enough patience for the mid/long-term.

These have been my thoughts, please dont take it as an investment advice, I only draw lines on charts without too much sense.

Please if you have any idea about trading don't hesitate and tell me if I'm wrong, I really want to learn this stuff. Thank you!

Peace and love one each others!
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