After a seemingly break and re-test of the falling wedge, HYDRO is looking good for the north-trip.
Let's see how this one will play out.
We could enter a trade here and put limits just below the lowest wick of recent PA.
My TP targets are always the fib retracement levels. This is regarding short-term trading.
For long-term. Well who knows that :)
Comment
⋅
Put limits = stop-loss * sorry for the confusion.
Comment
⋅
It is happening. Accumulation of HYDRO is being made in the background by people who really see the value it's bringing, with their app and everything else being deployed soon. Keep a very close eye on this. It has very little room to go down, but has a huge space above and many reasons to take the north mission.
Agree. Hydro will fly. Personally I hope to sell hydro after 2-3 years for 0,5 USD
kardia
⋅
@SatoshiBTCQueen, hopefully, it won't take that long to get to that price. Hydro is probably the most undervalued coin for what it has to offer. I think one reason why it is so undervalued is because they gave too many coins away for free.
UnitedFreedomJapan
⋅
@kardia, fast forward to today.. Hydro sinking like a stone. No hope to recover in my opinion.
kardia
⋅
@SatoshiBTCQueen, it's very disappointing. I believe what ruined things for everyone is they released their Hydro Pay app before it was ready. When it flopped, it put a bad taste in people's mouths. The price has been falling ever since. I also think they made a mistake giving too many Hydro coins away. It created an imbalance in the market because people were dumping them. And finally, the marketing is bad. I think you are correct to say it won't recover. I'm just glad I didn't put too much money into it.
Rugova
⋅
@SatoshiBTCQueen, Why do you think so? I think the coin is seriously in low-activity phase currently. But, given the recent updates their team has given then we could argue the hydro project is not dead and could be the best recovers when/if the coins are to ever recover which I think they will sooner rather then later, because we have entered the capitulation phase of the altcoins and we all know what happens after it's done. For every seller in this phase, there are way too many buyers out there, which has historically meant that the coins moon hard after that phase. It's all my opinion anyway, so take it with a grain of salt, since nobody knows for sure what will happen to anything. If something is safer then we know it's Bitcoin, others not so safe.
kardia
⋅
@Rugova, times have changed. People keep talking about altcoin season, but frankly, I think the altcoin market is toast. People have been burned so badly in this market that they just want to get out, and likely will get out if they ever get the chance to break even. Only a handful of altcoins are worth putting money into. Hydro no longer appears to be one of them.