Long
HNT wants to break out
Hi all!
Here is my new prediction. This time it is for HNT, a web3 crypto.
HNT formed an Eve & Adam pattern on 12H TF (or Cup & Handle pattern). Since the bottom, it rallied 70% trying to break the resistance. Being rejected several times, it doesn't seem to withdraw. If breaking out the resistance of Eve & Adam pattern, it will need to break the trendline starting since November 2021 to achieve the 70% target.
My proposed setup is in chart with R/R = 3.24. Referenced Take Profit (TP) levels are also proposed.
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This is not a financial advice. Risk management under your control.
Here is my new prediction. This time it is for HNT, a web3 crypto.
HNT formed an Eve & Adam pattern on 12H TF (or Cup & Handle pattern). Since the bottom, it rallied 70% trying to break the resistance. Being rejected several times, it doesn't seem to withdraw. If breaking out the resistance of Eve & Adam pattern, it will need to break the trendline starting since November 2021 to achieve the 70% target.
My proposed setup is in chart with R/R = 3.24. Referenced Take Profit (TP) levels are also proposed.
----
This is not a financial advice. Risk management under your control.
Note
For a safe trade, it's better wait for breakout and retest successfully the $11.8 level.Trade active
HNT tries hard to break the resistance $11.8Trade closed manually
BTC shows some signs of weakness. We should wait for better condition to re-enter this trade.Note
HNT could not breakout because we didn't have enough confluence: OBV and CMF is bullish but MFI is bearish.
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.
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.