HNT has broken through the downtrend line, there is room to grow

Hi all, back to the HNT.

Since the beginning of the year, as far as the chart allows us to see, the asset has been moving in a downward channel.

Not long ago there was a breakdown of the downtrend line, the asset has successfully consolidated above it so far.

Ahead we have the first strong Fibo level of 0.236.
After breaking through this level and fixing above it, we can open a long trade.

Targets on the chart of $1.72 - $2.25

This is not a financial advice, everything you do you do at your own risk.

Komentarz:

Additions on the HNT idea.
Yesterday closed positively, a large candle was formed which absorbed the last few days of decline. The 0.236 Fibo level serves as a good support level. Relying on these factors we can expect the continuation of the upward movement to the mentioned targets.

Transakcja zamknięta: osiągnięto wyznaczony cel:

All targets have been reached

Zlecenie aktywne:

Hi, everyone! Back to HNT again.
Last time my idea worked perfectly and brought 50% profit.

Now I don't even need to edit anything on the chart.

The stock has returned to the accumulation zone and history may repeat itself.

Targets remain the same
1,72$
2,25$

This is not financial advice, everything you do is at your own risk.

Zlecenie aktywne:

If you remember in September I wrote that the idea given earlier and successfully worked itself out is relevant again. Right now HNT has reached the first target, ahead of the resistance for the price is the moving average EMA 200, it will also serve as a good factor for a price bump up to 0.618 Fibo, it is likely that the price can go above the range of 2.6-2.8$.