Basic fractal projection for HNTUSD/ Helium as the RSI action today resembles he price action of late 2020.
Both on a V-shaped/ Inverted Head and Shoulders pattern, in 2021 that targeted exactly Fibonacci 3.0.
Target a little under it at 16.000. Assume as confirmation the breakout over the 1day MA200.
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$HNT pullback at 50 day MA in a demand zone after a very promising impulse to the upside, taking the risk on this trade gives us a 1:2 RRR.
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BingX’s Bitcoin Chart
According to data from CoinMarketCap, the market value of the stablecoin USDT has returned to above $70 billion. Bitcoin is down 0.85% over the last 24 hours and fell to an intraday low of $23,840.83. The largest cryptocurrency attempted to break above the $25,000 price level, but it gets rejected once again, suggesting sellers are active...
#Helium #HNT start bullish trend?!
It seems that the downward trend of Helium currency has reached its end with a double zigzag pattern. In the first step, to ensure the end of the downward trend, it is necessary for the price to leave the downward channel. If the price exits the downward channel, we can expect the price to enter a long-term upward trend.
Orange...
Helium (HNTUSD) has broken above the April 04 Lower Highs trend-line and is now inside the 1st Resistance (September 06 Low). The 1D MACD is overbought and if the price fails to cross above the June 25 2022 Lower Highs trend-line, we expect a re-test of the 1D MA50 (blue trend-line) as Support.
This Resistance cluster is the last barrier before the critical 1D...
Helium (HNTUSD) is trading within a Falling Wedge pattern since the September 06 Low and a Channel Down since the May 12 Low. Today it hit the 1D MA50 (blue trend-line) for the first time since November 05 and the FTX crash. Today's test happens to be at the top (Lower Highs trend-line) of the Falling Wedge as well.
A rejection should pull the price back down to...
We can gain additional information by looking at Helium vs Bitcoin (HNTBTC).
Please read ✴️ Helium | Altcoins Relief Rally Possibility Explained! before reading this article...
Ok, let's get started.
There is a strong bullish divergence on the RSI and the daily trading volume is really high.
HNTBTC is trading above EMA10 and EMA21, both gauge the short-term...
Helium has been crashing like there is no tomorrow... Until today.
Yesterday we got a negative nine (-9) on the TD Sequential followed today by a high volume breakout above EMA10 and EMA21.
This combination of signals is really strong.
The RSI was also hovering near oversold giving additional strength to this signal.
Now, will HNTUSDT close bullish and...
Jump or Die for Helium.
Retest for previous year top.
Every time touched the bottom of the channel we have seen heavy pumps.
Last chance for this project, lets see.
If it holds here, it may signal the end of the bearish move for this coin.
Hard pumping would be shown in a stable market.
-Right time for holders
-Low risk to scalp
Hello friends
If the downward trend of the price is below the $5 range, the probability of forming a trend similar to the drawn scenario is high.
As long as the loss limit is respected, we can make a good profit.
What do you think?
The team has been confirmed Fraudulent during an investigation and HNT Trading pairs were already delisted in binance. Also, The D1 and H4 charts shows a bearish triangle pattern so opened a short on this and will build positions gradually. Invalidation with hold above 6.2
I've been watching HNT for a while during this bear market just to get an opportunity to get a position in it. This came at the end of August when bad news spread about it moving to Solana network some of its own network transactions. I'll not get into the details here as you can find this bit in the news with a search.
What I need to mention from the beginning is...
Potential #HVF setup
NOT yet triggered
Decentralised wireless network
has a niche use case currently, a may just be a narrative.
But some positive signs
#DYOR may be a medium/long term play idk
Good time to buy as price bounced off from golden FIB zone and broke out of the symmetrical triangle pattern, now retesting the triangle.
Huge volume candles from last couple of months shows strong accumulation by whales or institutions.
RSI showing divergence for potential trend reversal.
Buy for the following targets in medium to long term:
T1 : $38.00 ...
