Hello everyone! A month ago, I wrote my idea about HNT, but the delisting with Binance caused a drop in the coin's price.
However, as I mentioned in the comments on my previous idea, the project is old and has a strong team and goals they are achieving.
Currently, the asset has recovered from the fall and in a local picture on the chart, it has formed a technical analysis figure of an ascending triangle, successfully breaking the Fibonacci resistance level of 0.236 and consolidating above it.
If we look at it from a wider perspective, the asset is moving in a descending channel. The correction of the asset occurred to the lower boundary of the channel, and a reversal movement has started.
I expect the asset to recover to the Fibonacci level of 0.382 with further breaking of the level and a rise in price to the Fibonacci level of 0.618 ($2.28).
It is possible to expect the asset to retrace to the Fibonacci level of 0.236 and take a position in this area.
Targets on the chart.
This is not a financial recommendation, and everything you do is done at your own risk.
However, as I mentioned in the comments on my previous idea, the project is old and has a strong team and goals they are achieving.
Currently, the asset has recovered from the fall and in a local picture on the chart, it has formed a technical analysis figure of an ascending triangle, successfully breaking the Fibonacci resistance level of 0.236 and consolidating above it.
If we look at it from a wider perspective, the asset is moving in a descending channel. The correction of the asset occurred to the lower boundary of the channel, and a reversal movement has started.
I expect the asset to recover to the Fibonacci level of 0.382 with further breaking of the level and a rise in price to the Fibonacci level of 0.618 ($2.28).
It is possible to expect the asset to retrace to the Fibonacci level of 0.236 and take a position in this area.
Targets on the chart.
This is not a financial recommendation, and everything you do is done at your own risk.
Dagangan aktif
1 TP reached
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.