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
HNT (helium) test zone and Buy and HOLD
FUNDAMENTAL:
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By Omkar Godbole
Aug 5, 2021 at 12:41 a.m.
Updated Aug 24, 2021 at 10:01 p.m.
With bitcoin ( BTC , 2.52%) prices...
On D1, the price is steadily rising, setting new highs. RSI reached overbought level, however no divergence was formed between price and indicator.
On H4, you can clearly see how the price began to correct in the local correction. RSI is declining and is about to reach the overbought level. In addition, a number of Fibonacci support levels have formed.
We...
💎Technical Analysis Summary💎
BINANCE: HNTBTC
-HNT may have found temporary support at 900s sat area
-The is forming a V-shape recovery currently
-But I don't think this will last longer
-As the price is approaching key area of resistance
-The descending trendline is a midterm barrier
-If you are looking for Sell entry, this zone is perfect
-But please wait for...
Is BTC going to do another dump or pump? If so, I expect to see one in the next 5-8 hours. Worth the risk for a potential 4 - 8% short.
**This is not financial advice**
