Spotted potential Rising wedge with price holding within bullish pennant.
Kindly follow the suggested BUY zone on the chart and always remember to apply stop loss according to the chart and your personal set risk management.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
Kindly go through the chart and leave us your comments...
HNT/USDT has been following this channel for almost a month now. Since price action picked up in the last couple of hours, I see this pair reaching the upper trend line at R1.
With sufficient volume, we might even break towards R2 in the near future, albeit a risky trade.
HNT closed with Hanging Man candle , so expect to move down again . Let see
1.5 - 1.6 is area to entry
if the price break 1.5 , you can wait around 1.4
TP : 1.8 - 2.0 - 2.2 - 2.6 - 2.8 ---- 3.0 ++++
DWYOR and Good Luck
YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't...
HNT/USDT reversed sharply from the support level earlier today. It seems that the price action is not about to stop anytime soon as well.
Consider Resistance 1 and Resistance 2 as potential areas of reversal. Do your own DD.