🔹 On the 4H timeframe, Hyperliquid/USDT is moving within a mid-term ascending channel. The price is currently testing the channel’s upper boundary around 55.5–56 USDT, where early signs of weakening buying momentum can be observed.
🔹 Considering the confluence of the dynamic channel resistance and the static resistance at 55–56, there is a strong probability of a corrective or bearish move starting from this zone. Key supports are located at 52.5 – 50 – 47.5 USDT. A breakdown below 47.5 could open the way for a deeper correction towards 44–42 USDT.
🔹 On the contrary, if the price manages to break above the channel top with strong volume and confirm the breakout, the next targets could be 58–60 USDT. However, unless a valid breakout occurs, the primary scenario remains a bearish correction from the channel top.
*This my idea, always do your analysis in trading ;)
🔹 Considering the confluence of the dynamic channel resistance and the static resistance at 55–56, there is a strong probability of a corrective or bearish move starting from this zone. Key supports are located at 52.5 – 50 – 47.5 USDT. A breakdown below 47.5 could open the way for a deeper correction towards 44–42 USDT.
🔹 On the contrary, if the price manages to break above the channel top with strong volume and confirm the breakout, the next targets could be 58–60 USDT. However, unless a valid breakout occurs, the primary scenario remains a bearish correction from the channel top.
*This my idea, always do your analysis in trading ;)
Trade active
Everything has gone more or less according to my prediction. I think correction will continue till around 50, then come back will start.Trade closed: target reached
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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.