HTUSDIf you cross the $ 12 resistance, you are likely to climb above $ 50 in the short term
Disclaimer
This is just a theory and is not a buy or sell recommendation.
Heco
$LTC/USD 3D (Binance Coin-Futures) Ascending channel on supportLitecoin broke-out bullish a few weeks ago and has now pulled back towards 100EMA where big demand zone stands, let's swing!
Risk/Reward= 1:2.5 | 1:4.6 | 1:8.24
Expected Profit= +50.72% | +93.57% | +167.57%
Possible Loss= -20.33%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 5 months
litecoin.org
Current Price:
195.08
Entry Zone:
191.92 - 171.62
Take-Profit Targets:
1) 273.97
2) 351.86
3) 486.37
Stop Targets:
1) 144.82
MONEY IS NOT EVERYTHING, HAPINESS ISHAPI
Pros
+ MVP on board
+ Unique solutions
+ Top 6 exchange waiting for integration
+ It has own IDO platform for Solana (soon NEAR too)
+ Cross chain (BSC, ERC20, SOL, MATIC, NEAR, HECO, rest to come)
+ Low cap GEM
+ Upcoming rework on Website
+ Burn mechanism
Cons
- HAI round release till 20 December
What's in the chart ?
Double bottom pattern, Breaking channel
Huobi TokenHey!
Possible similar price action as we saw with Fantom analysis just yesterday. Breakout and throwback.
We did already open a trade for this but from ~$22 - $21 level is where we might get a great throwback entry with an awesome risk/reward ratio. We can see how the box area has worked as resistance , and if we pullback that is the alleged support level
Also. I like Huobi Tokens fundamentals. They have the Heco chain just like Eth and Bnb . I actually think the token price is undervalued compared to other similar projects
Huobi Exchange volume is 1/4 of the Binances
Always use stop loss, or you will get your ass burned!
-Jebu
