Does HFT have growth potential? AND WHY IS THIS NOT THE END!!!Hi guys, I dedicate this analysis to the HFT coin. For many coins, a 1D, 7D reversal is visible, and this is one of them.
At the time of publication of this post, HFT broke through the sidewall in which it was (+-21 days), which means it's time to consider a setup for a long time!
So, we have a zone where a major player gained a position and did not let the asset go lower. Now we are leaving this zone and if the day closes above the level of 0.4793 (0.48 is a round number, yes), then it's time to look long.
The biggest disadvantage is the stop loss, here it will not be very pleasant, you can place it at the level of 0.48 or 0.45, in any case, you will have a risk reward ratio above 1k3.
I would fix part of the position at 0.58, and keep the rest until 0.72, in any case, it's up to you where to fix the position!
I have everything! Have a good mood and let's earn as much money as possible in this market!
Altocoins
$MATIC, Because Everyone is Talking About It$MATIC is extremely popular but its PA follows $BTC all but that one insane time. My thoughts if $BTC trends downwards.
Binance May Get Stuck in a BTC SituationBNB is facing fierce resistance from an old trend line that connecs the last 1 major peaks across 2 different bull cycles. So far, it failed to penetrate it twice and the momentum is decreasing accordingly. OBV is showing almost horizontal levels despite the increase in the price, while RSI si signaling decaying momentum. In face of this resistance, there are 2 main lines of support: horizontal, historical resistance, and the trend of the low prices. The latter forms a triangle pattern with resistance and is a strong support if compared to the horizontal line I mentioned.
The Fib fan shows that we arwe exactly at the original trend line after the correction in February. This is good news. The bad news, however, is that we may find support again below both of the aforementioned trend lines at the first Fib retracement around the 500 price. If it happens, then we will witness something similar to the current BTC graph, which would be interesting for an alt coin which was growing exponentially a short while ago.
For now, for the short term, the direction is downwards.
AKROUSDTNow that Bitcoin is recovering (seems like it), There are many altcoins we can gain profit from.
For example, this AKRO looks healthy for now. It bounced back up after touching static support and now pumping back up.
Since you guys asked in the messages, I've pointed out some TP areas so that you can have a long trade setup.
Good Luck 🎲
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