Alts Overpriced? Worried about a heavy correction? Looksie here!
*DISCLAIMER* this project is my largest holding in my portfolio.
I wish not to shill, in fact would prefer lower prices on this project to double or triple my holdings. But seeing as I'm not a popular trader, why not publish it to see if this comes to light!
Analyse here extreme strength of this coin creating an extremely bullish higher low structure without bear flags in a w formation adam&eve/ cup & double handle formation. The upward minimum projection of this pattern is $75, a bit over 4x from here
We see also that this coin has been recently invertly correlated to Bitcoin and has had great growth with higher highs and higher low when Bitcoin created lower highs and lower lows.
It currently accumulates sideways and hasn't participated much in the crypto moonshot rally and could be due to explosive growth even if the market pulls back heavily.
From a risk/ reward standpoint if this pattern fails we could see a retest of $8/9 at worse giving us a -50% risk to +400% reward
Hapi Protocol is bringing an extremely useful and sought after anti-exploit function within the crypto space and could attain mass adoption within the cryptocurrency markets in a similar fashion to Chainlink. They have had great track record recently integrating with chains and projects and it could become a staple use case amongst cex, dex and bridges throughout the blockchains.
Fully diluted valuation is 17million thereabouts, it would not be unreasonable over time (if the team deliver with this incredible project) to reach a 400million valuation or up to 3billion valuation in a euphoric bullmarket phase.
I wish not to shill, in fact would prefer lower prices on this project to double or triple my holdings. But seeing as I'm not a popular trader, why not publish it to see if this comes to light!
Analyse here extreme strength of this coin creating an extremely bullish higher low structure without bear flags in a w formation adam&eve/ cup & double handle formation. The upward minimum projection of this pattern is $75, a bit over 4x from here
We see also that this coin has been recently invertly correlated to Bitcoin and has had great growth with higher highs and higher low when Bitcoin created lower highs and lower lows.
It currently accumulates sideways and hasn't participated much in the crypto moonshot rally and could be due to explosive growth even if the market pulls back heavily.
From a risk/ reward standpoint if this pattern fails we could see a retest of $8/9 at worse giving us a -50% risk to +400% reward
Hapi Protocol is bringing an extremely useful and sought after anti-exploit function within the crypto space and could attain mass adoption within the cryptocurrency markets in a similar fashion to Chainlink. They have had great track record recently integrating with chains and projects and it could become a staple use case amongst cex, dex and bridges throughout the blockchains.
Fully diluted valuation is 17million thereabouts, it would not be unreasonable over time (if the team deliver with this incredible project) to reach a 400million valuation or up to 3billion valuation in a euphoric bullmarket phase.
Note
Some negative divergences look like they will play out and parabola curve is breakingI think it's quite likely to land in the 8-10$ range now!
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.