With FTX exchange collapse the whole crypto market has been collapsing.
The price of HT broke the key support area. The bounce that we saw yesterday was just a successful bearish retest (the same what saw in BTC).
Most likely the price will continue dropping. We expect minimum 30 % drop in the near future. However, if there´s a strong FUD or Huobi exchange collapses like FTX, the price will drop to 0,90$ or even lower.
Ugly time for cryptocurrency market.
The price of HT broke the key support area. The bounce that we saw yesterday was just a successful bearish retest (the same what saw in BTC).
Most likely the price will continue dropping. We expect minimum 30 % drop in the near future. However, if there´s a strong FUD or Huobi exchange collapses like FTX, the price will drop to 0,90$ or even lower.
Ugly time for cryptocurrency market.
Comment:
New FUDs / bad news regarding Huobi exchange and the price already moving down.
Trade closed: target reached:
Target reached as expected. The price bouncing from the support.
We will see more downside if the sentiment is more bearish. We recommend observing the sentiment on twitter and monitoring the chart. Congratulations on reaching the target.
We will see more downside if the sentiment is more bearish. We recommend observing the sentiment on twitter and monitoring the chart. Congratulations on reaching the target.
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