As we can see in Weekly Timeframe chart Huobi Token ( HUOBI:HTUSDT ) is in good consolidation I think it is accumulating. Most of the time such long consolidation will give a breakout towards the upside.
Huobi Token ( HUOBI:HTUSDT ) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the...
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Everything on the chart.
Entry: market and lower
Target: 12 and 15
after first target reached move ur stop to breakeven
Stop: 7.6 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
huobi Exchange is competing with kucoin Exchange in market value. In my opinion, this structure that huobi Exchange has formed in its chart can be a promise of growth for this token.
This analysis is practical if the market is bullish.
80% of the fundamental of this token has been checked and I am not a technical servant and the chart has an introductory aspect
One of the wonders I see in HT is the resistance to bitcoin! Look at the blue vertical line. What do you think about this?
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and...
$HT is at long term ascending support zone.
holding the support can increase price to resistance zone around $11.5 and breaking this resistance will head up price to touch $14 and more.
break below support zone will drop price to $7 and $5.
The Huobi token against the dollar, in my opinion, is at the end of the bear market stage, and this is due to the expansionary policy of the US Federal Reserve and the contractionary policy of the Huobi token.
also, the heikin ashi candles on the monthly level show weakness in the downtrend
in my opinuon the new bottum for huobi token will not be less than...
the intersection of channel's lower band and 5$-6$ range of support has formed a very strong support zone.
if the price reaches that support zone we can expect a good gain.
since i see another drop for bitcoin and the whole market we can set buy order in that support area.
#HT/USDT TA Update:-
$HT currently trading around $9.75
And forming Strong Bull flag in Weekly chart.
If any Weekly candle close above $11 that’s will be Perfect entry.
I am also Accumulating some $HT here.
Strong support is $8
Above $8 is Bullish scenario for HT.
So IMO $8-10 is Good entry for accumulate in Spot.
Stop Loss:- If any...