We have Wave 5 at a textbook strong resistance zone. RSI and Momentum are flipping to the downside which indicates a correction. I see Wave A testing support at $10.39. If $10.39 breaks, the next zone will be around the $9.70 target. I do see the first support test to hold though. Ultimately, I see HNT coming to $9.70 to complete the ABC correction.
Stop loss -...
Changed the wave structure up from the last TA on this coin. I never assume a triangle before it becomes obvious, these corrections are more complex and not as prevalent as ABCs or combos.
Most of the info is in the chart, I do expect a bounce at or close to the Apex of the triangle. As for entries & targets, I'll leave that to you ;)
Safe and happy trades to all.
as we can see now the price is under the POC and trying to break the resistance line which is used to be a big support line before, so if it'll break the resistance line trying to reach the above POC it will defiantly go beyond 24$, and my goal is always 2% profit
BINANCE:HNTUSD was on a strong downtrend since the ATH. However, it looks like the bulls are trying to help $HNT reverse this trend.
It looks like the first area of resistance is around $26. If we can close above this level, the next resistance is around $32. It's highly likely that we will see a wick to $32 in the green area because of the...
if it's gonna keep taking the POC as a support line, and from the TA we can see a head and shoulders, so the line from neck to the head will make a target of 27$, although there is no a strong HVN above the POC, but we can consider it a chance if we look to the history of the coin
Similar Falling Wedges can be seen to have formed / be forming
The 200MA has acted as a temporary support for the latest falling wedge, price yet has dipped under the MA. I believe this level will quickly be reclaimed, once the falling wedge breaks out to the upside.
Chart pattern entry / hopium for hodlers
Liking the waves on this coin. We are now in diagonal territory on the larger cycle, which means wave 5 could be massive. (Look how $CRO did on its 5th wave...)
I'm expecting the dip to end under 18$ after the zigzag completes.
Safe trading to all!
What do you get when you cross blockchain, cryptocurrency, and a team of highly skilled developers? In Helium’s case, you get a $1.2 billion valuation.
Founded in 2013 by co-founders including Shawn Fanning of Napster fame, Helium began as an Internet of Things company with the aim of connecting low-powered devices without WiFi or Bluetooth.
Helium has been trading within a Bear Phase (red) since the November 07 2021 High. It is virtually repeating the previous Bear Phase of April 06 - July 25, which ended when the price broke above the 1D MA50 (blue trend-line) that kickstarted the Bull Phase that peaked on the November 07 High. The RSI sequences of the two phases were both on Lower Highs. Expect a...