Looking at past history for HyperCash, just 1.5 months ago, we can a similar situation to what we are seeing now...
So, be careful, this altcoin pair (HCBTC) can go much higher.
Let's take a look at the chart...
Notice the blue circle, this is what I call a "fake breakdown", I believe people call it a bear trap?, I don't know... The thing is that we see a break below support that is short-lived followed by a very strong bounce which leads to a new impulse move.
The last time this happened HyperCash (HCBTC) grew by as much as 320%...
All I am saying is that HyperCash can go much higher...
Remember to trade safely. Remember to use a stop-loss. Remember to diversify. Remember to have always a plan. Remember to breathe before taking action. Remember to LOVE!
Namaste.
Note
Moving higher... +14% so far.
Note
HCBTC reached up to 0.0003180 (0.786 fib. extension) from low of 0.0001767 and now started to retrace.
Total profits from the low to peak price reached today is 80%. Total profits since sharing is 21%.
This is not a piece of trade advice. All of our trades contain buy-in, targets, stop-loss and additional information...
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.