Analysis Description:
The HYPE/USDT pair is currently forming a descending triangle pattern on the 1D timeframe — a classic technical setup that often signals a strong upcoming price move, either upward or downward.
🔶 Strong Support Block:
The yellow horizontal zone between 33.500 – 36.785 USDT represents a solid support area where price has repeatedly bounced with strong volume. This zone is ideal for monitoring buy-back opportunities if price pulls back.
📉 Descending Resistance Line:
A descending trendline has been acting as dynamic resistance. A breakout above this line could trigger a significant bullish continuation.
🎯 Upside Targets (If Breakout Occurs):
Target 1: 38.800 USDT (minor resistance)
Target 2: 42.068 USDT (mid-range target)
Target 3: 45.800 USDT (major resistance / previous high)
📌 Trading Strategy:
Conservative Entry: Buy on support re-test within the 33.500 – 36.785 USDT zone.
Aggressive Entry: Buy after a confirmed daily breakout above the descending trendline.
Stop Loss: Below the support block, around 33.000 USDT.
💡 Additional Note:
Watch for increased volume during the breakout — this would validate the move and confirm strong momentum. If the breakout fails, expect further sideways consolidation within the current range.
#HYPE #HYPEUSDT #AltcoinBreakout #CryptoChart #TechnicalAnalysis #CryptoTrading #DescendingTriangle #BullishSetup #CryptoCommunity
The HYPE/USDT pair is currently forming a descending triangle pattern on the 1D timeframe — a classic technical setup that often signals a strong upcoming price move, either upward or downward.
🔶 Strong Support Block:
The yellow horizontal zone between 33.500 – 36.785 USDT represents a solid support area where price has repeatedly bounced with strong volume. This zone is ideal for monitoring buy-back opportunities if price pulls back.
📉 Descending Resistance Line:
A descending trendline has been acting as dynamic resistance. A breakout above this line could trigger a significant bullish continuation.
🎯 Upside Targets (If Breakout Occurs):
Target 1: 38.800 USDT (minor resistance)
Target 2: 42.068 USDT (mid-range target)
Target 3: 45.800 USDT (major resistance / previous high)
📌 Trading Strategy:
Conservative Entry: Buy on support re-test within the 33.500 – 36.785 USDT zone.
Aggressive Entry: Buy after a confirmed daily breakout above the descending trendline.
Stop Loss: Below the support block, around 33.000 USDT.
💡 Additional Note:
Watch for increased volume during the breakout — this would validate the move and confirm strong momentum. If the breakout fails, expect further sideways consolidation within the current range.
#HYPE #HYPEUSDT #AltcoinBreakout #CryptoChart #TechnicalAnalysis #CryptoTrading #DescendingTriangle #BullishSetup #CryptoCommunity
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.