Long
HMQ strong break of the downtrend
So we have been eyeing HMQ for a while now, as seen in prior ideas linked below. I expected a decent break of the downtrend, but not of this magnitude. The volume coming into this coin is insane and is telling me these are large market buys for a larger move ahead. The project is truly fantastic and very notable; they are doing an amazing and necessary thing in the world, actually solving a real and important usecase. Humaniq has the potential to be the next Alipay in Africa, but they are also aiming for all countries around the world, a true global solution to the hurdles of banking. Even John Mcaffee called it "a hidden gem and the most undervalued coin in existence" and I honestly 100% agree with that. We have coins now valued in the 500 million to 1 billion + that are pure marketing hypes and have no substance whatsoever. The beauty of it is they dont even really solve anything, more so create their own issues to solve and arent changing the world for the better. Humaniq at still just a mere 100 million market cap, has huge potential for growth from here and we are seeing the volume now coming in for the bigger moves ahead. They have been very active on their social media and keeping everyone updated on what is going on. I will try and elaborate what I see is going on.
So right now we are battling the hourly cloud as seen here
Late buyers would have their best entry at the bottom of the cloud and in between the 618 and 786 of the impulsive move prior. On the original homepage, note how we completely cut through the daily cloud and gutted all the resistance and bag holders from higher prices with straight market buys of massive volume.
We have to start considering USD value moreso than BTC value and see if the pictures line up and make sense. As for targets on this next cycle in terms of BTC, I would put it at roughly 40k as seen here, which would be full fib extensions which is commonplace in crypto market cycles.
Against the dollar, we have already tagged the extensions as seen below and the market completely denied a retracement past prior high, which is signifying that past prices are history and we are starting a new cycle. Please note the volume on all of this. You might think oh just another pump and dump but it truly isnt. It is a shakeout of weak and impatient hands and paying them at a premium to exit as well.
If we use the original impulsive move where volume entered to give us targets to new USD highs, I would say we would be hitting $6 in the next cycle before a retracement and market cools off, which in return at current BTC prices adds up to the 40k sat value target.
Also note, taking a look at the etherscan top token holders, none of them are selling out a single token yet and they are at 1500% USD gains already. Couldn't find a top holder that has sold yet, and a few new ones joining the list. etherscan.io/token/Humaniq
Something is definetly brewing, considering they have an amazing notable team, a working product solving a HUGE real world problem, first crypto to be supported by the United Nations, which is a BIG DEAL, as well as you know the UN did their own due dilligence before associating themselves with a crypto project. Big things will be happening with this coin and it is perfectly poised to be the next billion+ market cap hype coin that barely anyone knows about.
So right now we are battling the hourly cloud as seen here
Late buyers would have their best entry at the bottom of the cloud and in between the 618 and 786 of the impulsive move prior. On the original homepage, note how we completely cut through the daily cloud and gutted all the resistance and bag holders from higher prices with straight market buys of massive volume.
We have to start considering USD value moreso than BTC value and see if the pictures line up and make sense. As for targets on this next cycle in terms of BTC, I would put it at roughly 40k as seen here, which would be full fib extensions which is commonplace in crypto market cycles.
Against the dollar, we have already tagged the extensions as seen below and the market completely denied a retracement past prior high, which is signifying that past prices are history and we are starting a new cycle. Please note the volume on all of this. You might think oh just another pump and dump but it truly isnt. It is a shakeout of weak and impatient hands and paying them at a premium to exit as well.
If we use the original impulsive move where volume entered to give us targets to new USD highs, I would say we would be hitting $6 in the next cycle before a retracement and market cools off, which in return at current BTC prices adds up to the 40k sat value target.
Also note, taking a look at the etherscan top token holders, none of them are selling out a single token yet and they are at 1500% USD gains already. Couldn't find a top holder that has sold yet, and a few new ones joining the list. etherscan.io/token/Humaniq
Something is definetly brewing, considering they have an amazing notable team, a working product solving a HUGE real world problem, first crypto to be supported by the United Nations, which is a BIG DEAL, as well as you know the UN did their own due dilligence before associating themselves with a crypto project. Big things will be happening with this coin and it is perfectly poised to be the next billion+ market cap hype coin that barely anyone knows about.
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