✴️ Helium | Altcoins Relief Rally Possibility Explained!
Helium has been crashing like there is no tomorrow... Until today.
Yesterday we got a negative nine (-9) on the TD Sequential followed today by a high volume breakout above EMA10 and EMA21.
This combination of signals is really strong.
The RSI was also hovering near oversold giving additional strength to this signal.
Now, will HNTUSDT close bullish and continue growing in the coming days or will this turn into a fake breakout?
This is an important question because it works for the whole market basically.
If we see Helium closing above EMA21, bullish continuation, it can signal that the other altcoins that are moving will also do the same.
But a high volume breakout turning into a fakeout can signal the opposite, everything goes red.
We see Ethereum Classic also going bullish, very early signals, and this one lead the market back in June/July for a relief rally.
We just need a few more sessions (days) of bullish continuation for confirmation and we can say with certainty that things will change.
If there is no follow up, then more lows, more red before the relief rally takes place.
The time horizon is the same as for Ethereum Classic vs Bitcoin (ETCBTC), you can see the "Related Ideas" below...
Namaste.
Yesterday we got a negative nine (-9) on the TD Sequential followed today by a high volume breakout above EMA10 and EMA21.
This combination of signals is really strong.
The RSI was also hovering near oversold giving additional strength to this signal.
Now, will HNTUSDT close bullish and continue growing in the coming days or will this turn into a fake breakout?
This is an important question because it works for the whole market basically.
If we see Helium closing above EMA21, bullish continuation, it can signal that the other altcoins that are moving will also do the same.
But a high volume breakout turning into a fakeout can signal the opposite, everything goes red.
We see Ethereum Classic also going bullish, very early signals, and this one lead the market back in June/July for a relief rally.
We just need a few more sessions (days) of bullish continuation for confirmation and we can say with certainty that things will change.
If there is no follow up, then more lows, more red before the relief rally takes place.
The time horizon is the same as for Ethereum Classic vs Bitcoin (ETCBTC), you can see the "Related Ideas" below...
Namaste.
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