A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag.
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HNT is due for a rebound after brutal beat down over 50% in just a couple weeks.
✅Targets are listed if you entered a long on the wick down from yesterday.
This could easily do 100% so be patient but don’t forget to take profits on the way up! P
Helium (HNTUSD) is rebounding today after having made a low just off the 6.2500 Support of the May 12 2022 Bottom. As long as this holds, we should treat this as a Double Bottom. Technically this should put to test the double MA Resistance consisting of the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line), with the latter being untouched since the April...
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