HNT
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 About To Die And Crash To Zero?Helium About To Die And Crash To Zero?
Very ugly looking chart! Helium FWB:HNT #HNTUSD #HNTUSDT belancing on critical horizontal support for the life of it. Helium Foundation has quit releasing exciting announcement for Helium Mobile SEED_DONKEYDAN_MARKET_CAP:MOBILE COINBASE:MOBILEUSD and this is very concerning!
If Helium does not hold this support, it may be OVER for Solana's ( CRYPTOCAP:SOL , COINBASE:SOLUSD ) flagship #DePIN project and both Helium and Helium Mobile and all other related coins may crash and burn to ZERO!
Helium and Helium Mobile are approxamitely down 70% from their recent highs and there is still no sign of life. Very concerning for those holding these coins!
HNTUSD: Prepare for a massive surge on first ever Bullish Cross.HNTUSD is only neutral on its 1D technical outlook (RSI = 50.907, MACD = 0.320, ADX = 49.219) despite the fact that it is on the second green 1D candle in a row after last weeks strong rebound on the 1W MA50. This is a bullish sign, along with the 1W RSI that is rebounding off the same level (42.00) as December 28th 2020. That was the first bullish wave of the token's long term Channel Up. We expect a test of the top as part of this Cycle's High (TP = 82.000). In addition it is about to form the first 1W MA50-100 Bullish Cross ever.
See how our prior idea has worked out:
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New attempts to grow to 3500 before the middle of the quarterWe are very close to the change of the next month, it's time to once again weigh the prospects of the market. Due to the negative opening of the second half of the month, the market remains sluggish, but the target for the 3500 retest with an attempt to reach 4500 on the air remains relevant throughout the quarter due to its opening above 3500. New waves of growth with local interruptions can be expected from the current retest 3000. The most optimistic scenario is to take 3500 today or tomorrow and open a new monthly candle higher. In this case, we will receive a signal for stable growth with a view to moving on this quarter. Tomorrow's statistics on the United States and Europe will play an important role. In a more negative scenario, the new month will open below 3250, which will lead to continued growth on the weekly chart and make the range 3500-3750 a strong resistance. This will increase the probability of a flat for at least a few weeks. Due to the opening level of the current quarter and year, so far there are no reasons for stable sales below 2,900. The most important factor determining the further dynamics for the summer will be the opening level of the second half of the quarter.
To date, I am still considering the most oversold coins with the highest possible unprocessed goals, such as vib ooki pros oax, because they left technical signals for overshooting with an increase of up to 200% from current levels. Vib and oax are more dynamic due to the presence of a pair to btc. At the same time, Vib is more reliable fundamentally for saving funds in the medium term and has signals paired with btc up to 10X.
According to oax, a local overshoot has been left, then the probability of a new hike to the 0.175-190 test prevails before the 0.35 growth wave. At the opening of the month on the ether above 3500, we can expect continued growth for the 0.35 test in a row.
According to vib, 0.095 is a strong support and there is a possibility of a smooth increase to 0.125 with a further sharp increase in volatility to 0.150-175, regardless of the dynamics of the ether. At the opening of the month on the ether below 3500, there is a possibility of an additional short-term test up to 0.0910-925 with further elaboration of the same growth scenario.
Ooki and pros are more low-liquid, so the growth can be quite smooth. According to pros, the main goal is to recover to 0.55 with further impulses for the 0.75 test. Ooki is usually traded in pulses similar to fantokens, therefore, at the next attempt to grow ether, we can see a breakdown immediately to 0.0050-75 with a stable consolidation above 0.0025, which is the main support for the growth of volatility.
With the current dynamics of the market and the end of the shopping season in April, I am not in a hurry to expand the list of coins for work, since the largest part of the market may continue to fall smoothly for several months. I will consider new coins for work after determining the opening level of the second half of the quarter, where further market dynamics for the beginning of summer will become more predictable.
Hivemapper: DePIN Solana Shitcoin Going to ZERO?Hivemapper: DePIN Solana Shitcoin Going to ZERO?
One of the UGLIEST charts.
Down 70% and no sign of recovery. Even after FWB:HNT and SEED_DONKEYDAN_MARKET_CAP:MOBILE (#Helium #HeliumMobile #Mobile) did 50-100% over a couple days, this shitcoin, which is closely linked to those coins in terms of industry and blockchain ( CRYPTOCAP:SOL #Solana) did NOTHING. Very bad. AVOID (or short on 5x leverage or higher).
Helium: Another Shitcoin Down The Drain!Look at the chart and recogize. That is a SHITCOIN SCAMCOIN chart.
Down -70% and far from done crashing. If $3.90 breaks, it's all the way down to $0.50 for this turd.
This will be the fate of all SOL #Solana ecosystem scam shit coins such as HNT #Helium and MOBILE #Mobile.
I would not be surprised if this drops another 95% from here.
Helium , Helium Mobile , and all other #DePIN shitcoins linked to Solana ecosystem are dying in real-time and we are lucky enough to witness it.
Shorting this on leverage = EZ, free money!
Helium Losers Lost Nearly 70% in 2 Months, LMAOLook at the chart and recognize what an Amir shitcoin scamcoin looks like.
Down -70%.
This will be the fate of all CRYPTOCAP:SOL #Solana ecosystem scam shit coins such as FWB:HNT #Helium and SEED_DONKEYDAN_MARKET_CAP:MOBILE #Mobile.
I would not be surprised if this drops another 95% from here.
Helium , Helium Mobile , and all other #DePIN shitcoins linked to Solana ecosystem are dying in real-time and we are lucky enough to witness it.
Shorting this on leverage = EZ, free money!
HNT/USDT Breakout Alert! 👀🚀HNT Ready for a Bullish Rally💎 Attention Paradisers! Gear up for an exhilarating trading journey with #HNTUSDT, poised at a critical support zone, signaling a potential bullish surge ahead.
💎After grappling with formidable resistance in the ascending channel, #Helium is now climbing from a key support level at $7.31. Holding above this threshold will pave the way for a bullish advance.
💎You should set your sights on the upcoming milestone, the resistance at $9.54—breaching this barrier will propel the value of #HNT to $11.04.
💎If the drive behind FWB:HNT starts to wane, anticipate a bullish resurgence from the solid support at $5.61. However, a fall beneath this crucial point might signal a shift to bearish territory.
Ascending TrendlineIn the daily timeframe, Helium continues to trade above its ascending trend line, which acts as a crucial support level for it. If it supported by its trendline, the next target will be the Fibonacci level 1 area, which is marked with an orange box.
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HNT/USDT cup& Handle bullish move? 👀 🚀 HNT Analysis💎 Paradisers, your focus is needed as #HNTUSDT teeters on the edge of a captivating development, primed for a bullish pivot from a critical support zone.
💎 Our scrutiny of #Helium showcases its adherence to a cup and handle pattern, with current price dynamics suggesting a high chance of a bullish turnaround from the crucial support zone at $8.260. Maintaining above this threshold could usher us into a notable bullish rally.
💎 Ready to capitalize on what's ahead? Here's the plan: should FWB:HNT fall beneath the $8.260 support, our eyes will be peeled for a bullish resurgence from a deeper support at $6.240. However, descending past this additional support level might prompt a reevaluation of our bullish stance.
HNT is starting a huge uptrend, time to buy?We can see that HNT Is starting something very big. The downtrend ended with a descending parallel channel, and now we are in a brand new uptrend. The WXYXZ Elliott Wave corrective pattern has been completed, and we have already started a new impulse wave. What about the volume indicator? We have an elevated bullish volume, which is very important and confirms my bullish bias.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
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. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BITCOIN about to run?The chart loos bullish to me.
Currently I have bought back in and also added heavily to my Helium (HNT token) Bag.
We could see some crazy things.
Many people believe in the SUPER CYCLE or the ABC from the ATH.
I believe most in both of those parties believe we can go above 46.5K!!
If shit hits the fan or I am up late tonight I will Send out an update or an extra idea or two.
NOT FINANCIAL ADVICE!!!
Much love peeps!
HNTUSD 1W MA100 only barrier before $12.500Helium (HNTUSD) is on an enormous rise that just reached the 0.382 Fibonacci level of the Bear Cycle correction, headed towards the Supply/ Demand Equilibrium Zone. That's also trading towards that Zone is the 1W MA100 (red trend-line), the last long-term Resistance of the market. We expect a rejection there and a pull-back to the 1D MA50 (blue trend-line) to attract new buyers. Once HNT closes a 1W candle above the 1W MA100, we will target 12.500, which is both the 0.618 Fibonacci level and the June 10 2022 High.
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