Helium is a decentralized blockchain-powered network for Internet of Things (IoT) devices. If you look at the network coverage on their website you would be amazed at how far they have come; some regions are bright as the fourth of July. But still, there are so many regions left to cover and many works need to be done. Also, the latest delisting news of HNT may have some negative effects on the popularity of the project. Anyway, HNT has been in a downtrend almost since birth! But who knows, if price breaks this downtrend channel upward, good things can happen. Let's see what happens.
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It seems HNT is making a supportive floor and is about to break the downtrend channel. If successful, a promising upward wave can be expected. Let's see what happens.
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Helium broke the long downtrend line.
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Strong breakout and successful pullback on the resistance area.
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HNT is going up slowly but steadily. The first target is hit; going for the second target.
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HNT broke the consolidation zone shaped like a channel and is going up slowly.
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Helium finally broke the major horizontal resistance area and did it with momentum. That means HNT aims for much higher levels. Let's see how high HNT can go.
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HNT on its way up. It seems an A-B-C pattern is unfolding. Let's see what happens.
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So, HNT went up and reached the second horizontal resistance area, but couldn't break it. Then correction started, and HNT came down to the first broken area. First, have to wait for the minor downtrend line to break. Let's see what happens.
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So, HNT went down and reached the previously broken area. Just recently, HNT broke the downtrend line, and it seems ready to start the next upward wave. Let's see what happens.
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So, HNT's minor correction is almost finished, and HNT getting ready to start the next upward wave. Let's see if HNT can break through the second horizontal resistance area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.