Heliumanalysis
Helium Rockets Out of Downtrend: Bullish Momentum Takes Charge!This 6-hour candlestick chart for Helium Mobile (HNT) against the USD on Coinbase. Here’s my detailed technical analysis based on the chart:
Trend Analysis
- Downtrend Channel : The price has been in a downtrend channel from late April to mid-May, indicated by the parallel trendlines sloping downwards. This downtrend has seen lower highs and lower lows.
- Breakout : Recently, there is a clear breakout from the downtrend channel as the price surged above the upper trendline, suggesting a potential reversal or at least a strong bullish move.
Support Levels:
Primary Support: Around 0.001759 USD, where the price has bounced multiple times, indicating strong buying interest.
Secondary Support: Around 0.002044 USD, where the price has consolidated before breaking out.
Resistance Levels:
Immediate Resistance Area: Around 0.002512 USD, which is a recent high and could pose some resistance.
Upper Resistance: Around 0.003102 USD, a significant resistance level which is a previous high and psychological level.
Candlestick Patterns
Bullish Engulfing Pattern : Near the end of the downtrend channel, there's a bullish engulfing pattern, indicating a potential reversal. This pattern is followed by a strong upward movement, confirming the reversal signal.
Bullish Candles : The recent large bullish candles indicate strong buying pressure.
Technical Indicators
Stochastic RSI:
The Stochastic RSI is in the overbought zone (98.61), suggesting that the price may be due for a short-term pullback or consolidation.
Volume:
There is a significant increase in volume accompanying the breakout, which validates the strength of the upward move. A high volume on a breakout generally confirms that the breakout is genuine and not a false signal.
Helium on the uptrendThe last week of April printed a HL (Higher-Low) and ended with a HH that sweeps previous highs before retracing.
Currently hovering over last weeks open and may see a sweep of short term lows without making a new LL overall.
A new LL could mean Helium spirals lower and lower and there may be better opportunities elsewhere.
HELIUM Trend AnalysisGood time to buy as price bounced off from golden FIB zone and broke out of the symmetrical triangle pattern, now retesting the triangle.
Huge volume candles from last couple of months shows strong accumulation by whales or institutions.
RSI showing divergence for potential trend reversal.
Buy for the following targets in medium to long term:
T1 : $38.00 (650% ROI)
T2 : $75.00 (1400% ROI)
T3 : $95.00 (1800% ROI)
Do your own due diligence before taking any action.
Peace!!
Helium Step by Step | part 2!Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
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Helium step-step growing!Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
HNTUSD/ HNTUSDT || Helium
Helium (HNT) formed big bullish Gartley for upto 533% huge pumpHi dear friends, hope you are well and welcome to the new trade setup of Helium ( HNT ).
In the below previous idea after hitting the 1st target HNT dropped down, but this time I am expecting it will make a big move.
Now on a monthly time frame, HNT has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
HNT Trading IdeaWait for a pullback to 12.25 and go long. The price has a high probability of continuing in the trade direction. Good 🤞🏻
HNT/USDT SHORTPrice is near the retest level of Head & Shoulder pattern.
Technical target is around $11 which will be resting at the lowest support of the pitchfork.
It will definitely be a good buy around $11-12.
Just a bit of my analysis and not a trade recommendation.
DYOR before placing any trades.
HNTUSD Familiar WedgesSimilar Falling Wedges can be seen to have formed / be forming
The 200MA has acted as a temporary support for the latest falling wedge, price yet has dipped under the MA. I believe this level will quickly be reclaimed, once the falling wedge breaks out to the upside.
Chart pattern entry / hopium for hodlers
helium will be ready to grow againThe Helium coin has formed an ending pattern and it seems it will be ready to increase in price, maybe for a short period of time, we should watch it and analyze it again. So follow us for more updates. Be cautious since it may have a downward trap in price and then it will strat. wait till breaking the up-trend line and when go Long.
Good luck,
Drop likee and follow me
HNTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
HNT LONG TREND UPDATEHello trading friends,
This is a small update for Helium(HNT)
HNT Shows a great trend for green. and possible that we can see some increase trends coming time.
Manage always your risk, and check the trend on 2 sides.
Target 1 14.80
Target 2 15.60
And check the trend only from the above trend line, there is not always a reason to enter the markets always directly.
Have a great coffee time!
like/follow for more content - Thank you
HNT (Helium) Analysis 12/03/2021Fundamentals:
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.
Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.
Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.
The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.
In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.
Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013.
Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s.
Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal.
Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.”
Technical Analysis:
as you can see the price has already done its accumulation phase and started rallying to the parallels legs of Fibonacci Projection.
it is currently consolidating in the projection zone and we are waiting for the higher levels which is the Extension zone and 261.8% and 361.% of the same Fib Projection
there are totally 3 Targets Defined