HNT/USDT. HNT SHOWS SIGNS OF STRENGTH.
What is going on, everyone.
First of all, I wanna congratulate on a up-coming NEW YEAR and wish ya all big profits and great income) 🥳 For today we have a patient named HNT.
Let's operate him and see what interesting it got.
Lets start with some analysis.From November 16th we saw something closed to distribution with break of market structure and liquidity left above. At the same time, 2 main cryptos (Bitcoin and Ethereum started shaking and loosing strength). A level of 37$ showed a support level for retail traders to create liquidity with following falls below. Then, we touched the demand zone and started an accumulative scenario. We saw a liquidity under support level from 6th to 9th of December. It is a good sign of the possible uptrend. So, the price took out all liquidity creating spring and price went high with other BOS'es and new highs and lows.
What should we do? I have pointed out OB Zone for possible entering in the trade. If you want to minimize risks, i strongly recommend you to wait for micro BOS (for instance, 5 minutes) in this macro trend and then you can enter.
if we break this OB zone, then can consider the change of the trend and we should find a great point of entering. But right now, if BTC and ETH don't fall below, then our first scenario is likely to play out and we can enjoy our profits.
Thank you so much for your support and activity. If you have any questions or alternative point of view, don't be shy, I will be happy to read and answer them. I always read your comments)
First of all, I wanna congratulate on a up-coming NEW YEAR and wish ya all big profits and great income) 🥳 For today we have a patient named HNT.
Let's operate him and see what interesting it got.
Lets start with some analysis.From November 16th we saw something closed to distribution with break of market structure and liquidity left above. At the same time, 2 main cryptos (Bitcoin and Ethereum started shaking and loosing strength). A level of 37$ showed a support level for retail traders to create liquidity with following falls below. Then, we touched the demand zone and started an accumulative scenario. We saw a liquidity under support level from 6th to 9th of December. It is a good sign of the possible uptrend. So, the price took out all liquidity creating spring and price went high with other BOS'es and new highs and lows.
What should we do? I have pointed out OB Zone for possible entering in the trade. If you want to minimize risks, i strongly recommend you to wait for micro BOS (for instance, 5 minutes) in this macro trend and then you can enter.
if we break this OB zone, then can consider the change of the trend and we should find a great point of entering. But right now, if BTC and ETH don't fall below, then our first scenario is likely to play out and we can enjoy our profits.
Thank you so much for your support and activity. If you have any questions or alternative point of view, don't be shy, I will be happy to read and answer them. I always read your comments)
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