Hi guys.
HNT bounced with a solid bullish volume. An order block has formed at the area from where that bullish move has been generated. Currently, it is rejected by the bearish breaker.
A strong breakout above the bearish breaker would signify a bullish continuation. If it continues to reject from here, there would be a great opportunity on the order block for...
Yesterday the price was rejected from the dynamic resistance and it seems like it is now going for another attempt to break it. Todays move might be very decisive as if the price gets rejected again, we can expect to turn it into chilling mode for a a while, which would be a typical behavior in ATH levels.
Aside from TA I just wanted to add that personally I...
The price has formed head and shoulders pattern which is obviously bearish. My eyes try to ignore it, but it's there. However there's no reason to panic just yet, just be prepared for any scenario. This should make things clearer for you.
Also remember about macro view :)
Ladies and gentleman, I hope you have a lot of spare usd to spend. HNT had a relatively decent reaction in the bottom area of the channel (compared to other coins) which signals that some sort of buying pressure is still there.
Is the bullrun over? I don't know. Is bottom in already? I don't know either.
Of course going long right now is tough as everyone is in...
