We have a 1-day chart for Hooked Protocol (HOOK) paired with Tether (USDT) here, with Ichimoku Cloud analysis included.
Ichimoku Cloud: The price is currently above the Ichimoku Cloud, which typically suggests a bullish trend. The cloud serves as a support area, and the price staying above the cloud could indicate sustained bullish momentum.
Resistance Levels...
Hello everyone! I suggest you take a look at HOOK.
After a long decline, the price found its bottom around $0.71 and has been in an accumulation zone for 70 days since August of this year.
Currently, on the chart, we can see that the asset has successfully broken and tested the descending trendline and further broke a strong Fibonacci level at 0.236,...
Good Luck >>
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The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
hook lost all the important supports at once and there is no other support at least on the Binance chart that we can rely on. But for now, it was able to find support on the 0.786 Fibonacci line, and there is an expectation of a price return and a retest of the previous support.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial...
Current Target is above 50%.
Hook will pump to complete the triangle first.
And if it breakouts the triangle, It will pump more and target will be More than 100% from current price.
