The last week of April printed a HL (Higher-Low) and ended with a HH that sweeps previous highs before retracing.
Currently hovering over last weeks open and may see a sweep of short term lows without making a new LL overall.
A new LL could mean Helium spirals lower and lower and there may be better opportunities elsewhere.
Helium Mobile, the phone and 5G data company behind Helium (HNT) has a strong potential to become a billion dollar asset, same as the Helium token, which bootstraps their WiFi hotspot business.
HNT MCAP: $1,293,307,342
HTN ATH MCAP: $5.2B
MOBILE MCAP: $320,311,772
MOBILE WITH THE MARKET CAP OF HNT
Helium Mobile: $0.01526096 (4.04x)
You can lower stop loss to your preference. I'd probably take some profit at the 50% retrace if ever get there as this could turn into a bearish 5-0 Pattern real fast. Given the current Market Conditions, I don't know how bad the potential bearish 5-0 could turn out. Could literally make a scrub retrace and then continue on to higher highs after that.
COINBASE:MOBILEUSD got added to coinbase recently and it looks like it's formed a bottom and is about to make a large move higher.
Price just went to form a higher low and it's done the same on MACD and RSI, think a big move is incoming over the next week or so.
Upside targets on the chart.
Let's see.
