Cryptoknowmics
2022-09-28 09:37:08

HNT Technical Analysis: Power Struggle At Broken Trendline Intensifies

The HNT Technical Analysis displays a bullish struggle to push the prices above the broken support trendline, which is now a bearish opposition. The HNT price action displays a declining trend challenging a broken trendline in the daily chart for a trend reversal. Moreover, the higher low formation reflects a slight increase in the underlying bullishness that may shortly achieve trend control upon trendline breakout. So, should you consider buying Helium at lower levels? Key Points: The Helium price action teases a trend reversal opportunity. The rising trend in the RSI reflects growth in underlying bullishness. The intraday trading volume in Helium is $29.52 million. Source – TradingView HNT Technical Analysis As mentioned in our previous analysis, the HNT price jump remained just a retest of the broken trendline. However, a trend reversal possibility has arisen due to the lack of bearish follow-through. The multiple bullish attempts to break above the broken support trendline are now acting as a bearish opposition. Also, the lower price rejection in several daily candles and increased volume support to the bullish candle increase bullish trend anticipation. Moreover, the higher low formation in the declining trend forms a symmetrical triangle pattern in the daily chart. If the buying pressure grows, the HNT price action will give a bullish breakout resulting in a jump to the $6.25 mark if it exceeds the 50-day EMA. Pessimist...

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约