The token was in a consolidation area over the previous 2 weeks, it has successfully formed a bullish pattern with a positive divergence being evident.The volume has decreased and the price has only increased which shows that the buyers are unwilling to sell the token and there was a successful correction to the 0.618 area from which the price has bounced back up....
The instrument is in consolidation for considerable amount of time. Locally a downtrend has been spoted and I am expecting the price not to reach the hourly max and continue in the downtrend
After doing an analysis on BTC. It is clear that a divergence is being formed which is a very bearish sign. We should expect a pullback to 28400, where I will be opening a speculative long position as FVG area would be filled out and it is in the 0.5 Fib Area so a bounce-back is expected. Long term I am expecting BTC in the 18/20K area for Spot Orders.
The price tested the strong resistance in the 2.8 range. Got rejected. The volume traded began to decrease. I am expecting the price to decrease to 2.4 level
A very nice setup has been formed for a short position. Trend reversal is evident due to the divergence as well as BOS as the price couldn't not break the resistance. As well as that, on the recent run that INJ had, May 2022 targets have been reached and a correction is evident.
After drawing out the Fib and identifying that this has been the Wave A of a potential impulse. We can safely forecast that the price is going to correct to the 1.236/1.382 area. So a short has been opened.
HNT has had a huge rise of 53% in less than 48 hours. It has reached its target $1.9 (2.618 FIB). Considering that we are going into another Bear phase because bitcoin has hit all of its targets and will go down to $18K. It would be fair to say that HNT can be shorted with the 1st TP being in the 1.45 / 1.5 Dollar range.
