Hydro has been in a bearish trend for a long time. But this will soon change in the next two weeks.
Based on the current analysis of the chart, we are in the accumulation zone since May and this will soon change based on the news from their twitter feed. The releasing of the app will change the current trend into a bullish trend. Current resistance zones are: 21-22 sats; 35-40 sats; 50-55 sats.
The current market sentiment is neutral, but once the first resistance zone of 21-22 sats will be broken, the market sentiment will change into bullish. Expected profits 90-250% depending on the impact of the news.
Let me know your thoughts.
Disclaimer: Please not that this is not a financial advice. Do your own research. The ideas shared here are my personal opinions. Trade at your risk.
Based on the current analysis of the chart, we are in the accumulation zone since May and this will soon change based on the news from their twitter feed. The releasing of the app will change the current trend into a bullish trend. Current resistance zones are: 21-22 sats; 35-40 sats; 50-55 sats.
The current market sentiment is neutral, but once the first resistance zone of 21-22 sats will be broken, the market sentiment will change into bullish. Expected profits 90-250% depending on the impact of the news.
Let me know your thoughts.
Disclaimer: Please not that this is not a financial advice. Do your own research. The ideas shared here are my personal opinions. Trade at your risk.