Crypto_Hagu

HYDRA will wake up and explode! Take your positions.

Long
KUCOIN:HYDRAUSDT   hydra / Tether
The markets are a place where money flows from the impatiente to the patient.

Here is why I believe time of reversal has come for HYDRA.

- The coin is almost down more than 90% from its all-time high. How much can you expect it to drop?

- HYDRA is currently at a very strong support range, which was previously resistance.

- HYDRA has formed a year long ascending triangle, which now seems to be broken to the side and not down (as was the trend for more than a year long).

- Every drop from a following lower high on the chart of HYDRA has been less severe. Here are the percentages you can see on the chart:
-71.86%
-67.47%
-51.98%
-48.72%
-36.08%
The bears are tired and the turn of the bulls has almost come.

- We can see a very clear bullish divergene (yellow line below) on the descending price

- In 10 weeks the airdrop will end, which will relieve a big sell pressure on the coin. This will be an extra calayst for the price to increase.
Comment:
Up more than 40% already from entry. Need a break above 10.25 dollar (candle close 1 day) and then next target is 18 dollars short term.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.