HNT / USDT
HNT is in great downtrend like most of crypto assets this year, and playing inside massive descending broadening wedge
Here is my best long term buys :
Option 1: after breakout of S/R level 1 and descending wedge resistance
Option 2: if market continues to breakdown we may have a better opportunity buying it near S/R level 2 in my chart...
Good time to buy as price bounced off from golden FIB zone and broke out of the symmetrical triangle pattern, now retesting the triangle.
Huge volume candles from last couple of months shows strong accumulation by whales or institutions.
RSI showing divergence for potential trend reversal.
Buy for the following targets in medium to long term:
T1 : $38.00 ...
On the above 5-day chart price action has corrected over 90% since the sell signal in November 2021. A number of reasons now exist to be long, including:
1) A strong buy signal (not shown).
2) RSI and price action resistance breakouts.
3) Multiple oscillators are printing bullish divergence with price action. Notice the double bottom in RSI with the lower low...
". There is a possibility of temporary retracement to the suggested support line (3.91).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. HNTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
If the upper trend line is broken, and the price crosses 4.79, we can predict the price up to the upper lines.
But if the price closes below 4.47, it will fall to the lower lines: between 25% and 43%.
I will be happy to comment your opinion.
The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the...
Here is my new prediction. This time it is for HNT, a web3 crypto.
HNT formed an Eve & Adam pattern on 12H TF (or Cup & Handle pattern). Since the bottom, it rallied 70% trying to break the resistance. Being rejected several times, it doesn't seem to withdraw. If breaking out the resistance of Eve & Adam pattern, it will need to break the trendline...
Based on technical factors there is a Long position in :
📊 HNTUSDT Helium
🔵 Long Now 4.17
🧯 Stop loss 3.27
🏹 Wedge Pattern Target 5.90
💸Capital : 1%
We hope it is profitable for you ❤️
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Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on HNT, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your...