Long

HYDRO - Promising coin

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HYDRO is one of coins having a potential. It has a unique block-chain solution for a real life problem.

We see a couple of trend-lines, there are;

1. A strong support at 42, also double bottom.
2. A clear downtrend line, tells us a strong resistance.
3. A descending triangle.

Also STOCH RSI shows a divergence.

Using these data it makes sense to open a long position, if it breaks at 47.

Put a stop below 41.
Uwaga
The price hit 40 today. This means another confirmation of descending triangle.
Uwaga
Slowly climbing towards resistance...
Uwaga
Breakout happened, let's see how much it will go.
hydroTechnical IndicatorsLONGtirangleTrend Analysis

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