Like the title says a short toward an ascending channel support.
Channel has been proven to work with multiple touches enough said good RR and previous support becoming resistance,
A descending triangle is forming on BTC chart, taking macro perspective too I think that pattern is likely to breakdown.
Target 2 and 3 are subject to change.
HNT is going do be delisted from Binance which is a fundamental bad news although usually when a coin is getting delisted from Binance its pumps because of large short positions being closed.
TA perspective:
I don't like shorting ascending triangles or any coin that makes repeatedly higher lows.
But I'm more bearish on it than bullish.
SHOP looks like retested previous support as resistance.
My first target is 26.5 aiming for a double bottom there will take some risk off.
Stop above Wednesday high at 31.3-31.5
I believe many stops are below the 0.84 level.
I'd prefer shorting that liquidity area and joining the stop hunting.
Shorts > Longs in those macroeconomic times.
Fast target for me will be 0.82
might continue holding longer will see how it goes
Wave 1: looks like a leading diagonal.
Wave 3 > Wave 5
So count is still valid.
Wave 2: A simple ABC correction.
Wave 3: An impulse wave up with an extended 3rd wave and a 5th truncated.
Wave 4: Looked to me like an ascending triangle ABCDE correction.
but I'm not entirely sure.
Wave 5: Forming at the moment.
in the internal count wave 3 looks small and short...
