Breaking News

HNT/USDT (Futures) Potential Upward Movement

HNT/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 25.323, 27.175, 27.684.

Key Support Levels: 24.219, 23.430, 23.223.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after a fake out under the 24.342 USDT support level. An engulfing bullish pattern has been left where it closed above the bespoke support. A move higher is expected in the coming hours.

HNT/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 24.349

Target Profit 1 @ 25.323

Target Profit 2 @ 27.175

Stop Loss @ 23.379

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!