HT USD - Huobi Token Short Setup
Updated
HT USD seems to have perfectly respecting the trendline. We see the break of the line, subsequent retest and break again.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
Comment
10 days hence it is following the trajectory downward now resting at support of 4.68. Expect that it will soon give way for further downside. Let us see.Comment
3 more days later - we are already half way through our target. 4.24Comment
And we are now at 4.05. That is nearly a 20% drop!Comment
Target Hit!!!!Comment
Perfect bounce after taget hit from .618 fib level. Closing the ideaDisclaimer
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.