Huobi token - bottomed out - $35 target Long

Huobi Token / USDFTX

Description

⋅ Dec 9, 2021 11:21 PM

On the above 1-day chart price action has corrected 80% since early May. Now is excellent moment to be bullish. Why?

1) The ‘incredible buy’ signal of course.

2) Price action prints a higher low on the bottoming candle following the capitulation of sellers back in September.

3) A beautiful Dragonfly DOJI candle printed on the 6-day chart yesterday (below). This is a strong indication of price action reversal.

Is it possible price action falls? Sure.

Is it probable? 10% to be technical.

Good luck!

WW

Trade active

⋅ Dec 12, 2021 11:47 AM

did not see this before, a break of price action resistance on the 2-day chart with a recent 'incredible buy' signal,