Hi, today we are going to talk about HUOBI
We observe a Daily chart , some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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We touched the 3.5948 uptrend transition point.
If the price falls, there is an upward trend line below it, and I expect it to touch that line and rise again.
The price is likely to stay near 3.5948 and rise above 50MA.
The inflection date for HT itself is around November 9.
I think we should watch how it exceeds 100MA.
It rose above the upward trend line.
It also rose above 20MA line.
HT is likely to challenge the 3.5833 level if the price is maintained above the top of the box segment.
It is expected and expected to show a new trend.
Bitcoin has already met with the main part of the top market
This token stands below the level.
Moving averages indicate growth.
I advise you to buy a stop hiding where indicated by a purple line.
buy on breakdown
The sky blue uptrend line we drew on the previous chart is wrong.
HT is a bit off the light blue trend line, and I think it's a good position to keep the price.
The inflection date of the BTC chart is indicated.
We will see how the price of HT changes accordingly.
If you slowly climb along the upward trend line and reach 3.5833, you will see a full-fledged rise.
If you compare HT and BNB, you might think that HT is drawing a worse picture.
However, I think it is better than BNB.
The trading volume, which was the driving force behind the rise, occurred further below, and its current position lies above many trading floors.
The fact that it does not generate a lot of trading near the high point also leaves room for upward...
If you hold up at 3.000 or higher, it will look good.
BTC is expected to rise around October 14, so if possible, if it is above 3.5833 before the rise, it is likely to rise again along the light blue upward trendline.
The price is building the head and shoulders pattern.
We can also see that the currency had rejected the 4.38 area. The price is also bouncing off the 23.6% fibo.
I expect the price to reach the 2.80 to 2.90 zone. But also keep an eye on the 50% fibonacci.
HT believes there is still a lot of expectations for the upside, and the outlook for the future is bright, as the worst trading point at 2.35 ~ 2.5893 is far away and remains above 3.5833.
You will have to touch the sky blue upward trend line and draw a new trend line to see if it will stay at the current price range and make a leap again.
I think it shows the best flow after BTC.
HT also thinks that touching the sky blue upward trend line will do a really good job. (3.7926 usdt ~ 3.9042 usdt)
I'm really looking forward to how far the second leap will go.
HT has come down to a good buy position.
We believe the stock is good to buy once it rises above the sky blue upward trend line.
Before buying, you should see if the BTC is up or down.
If the BTC is in a downtrend, you should not buy HT.