BTC dominance and AltsznLet me preface everything with "NOT FINANCIAL ADVICE."
Right.
So, it’s been a crazy Uptober, hasn’t it?
When we thought CRYPTOCAP:BTC was going to continue its bear market trend from February 2024, the Trump trade happened.
Everyone was caught off guard—or maybe, like me, you were too.
So, I set out to find the next alphas. Presenting...
The Three Amigos: VeChain ( NYSE:VET ), Zilliqa ( GETTEX:ZIL ), and Helium ( FWB:HNT ).
Why these three? And why the 1986 comedy title?
Well, first...
VeChain ( NYSE:VET )
Targets and ROI if you bag them today..
Zilliqa ( GETTEX:ZIL )
Targets and ROI if you bag them today..
Helium ( FWB:HNT )
Targets and ROI if you bag them today..
(Side note: I love how TradingView has incorporated these subcharts into posts lately!)
In the 1986 comedy, a small Mexican village hired three out-of-work silent film actors to defend their community.
Initially, the trio thought they were performing a paid acting gig but soon realized the danger was real. Using humor, limited skills, and newfound courage, they rose to the occasion.
Similarly, today’s crypto markets have plenty of altcoins that have been underwater for ages—out of hype, out of demand, and far from a bull run.
It seemed Bitcoin’s dominance was going to climb even further, but then I spotted this resistance level. Digging through my list of coins from 2020, I found crypto’s Three Amigos.
Fundamentally, this trio has endured upheavals and enjoyed comebacks.
Technically, they’re either approaching or breaking their long-term down-sloping trendlines.
If I had to pick my top three to defend my portfolio against Bitcoin dominance, these would be my choices.
These are my Three Amigos. Perhaps you can share yours!
HNTUSD
HNT (Helium): Pullback in UptrendTrade setup : Price is in an Uptrend. Price rallied over +100% since breakout from Channel Down (we highlighted it as HOT trade setup). It's also broken through 200-day MA and $5.50 stiff resistance, which renews the long-term uptrend. After reaching our target of $8.00 resistance, we look for the right entry opportunity in Uptrend. We wait for price to pull back near $5.50 key level for another swing trade entry in Uptrend with +40% upside potential back to $8.00.
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $4.00, then $3.00. Nearest Resistance Zone is $8.00, then $9.60.
HNTUSD can go 10x from here.It was quite long ago (December 06 2023, see chart below) the last time we looked into Helium (HNTUSD) but it did offer nonetheless a solid bullish break-out opportunity:
Now Helium is having (if the week concludes at least on the current levels) the strongest 1W bullish reversal of the Cycle. It broke above both the 1W MA50 (blue trend-line) and the Lower Highs trend-line of February. That is a clear technical bullish break-out that aims at the final Resistance of the 1W MA200 (orange trend-line).
A similar pattern was formed during its previous Bull Cycle with the current rebound resembling the November 2020 bounce. This initiated a +3067% rise before the next medium-term pull-back.
As a result, we see strong evidence for an upcoming +1380% rise from the current level with our Target being $90.00.
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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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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!
Helium ($HNT) Surges Over 48% To New HighHelium ( FWB:HNT ) stands out as a decentralized blockchain network dedicated to empowering Internet of Things (IoT) devices.
The catalyst for this surge was Helium’s announcement of its nationwide $20/month Unlimited Phone Plan. With the average American spending approximately $157 per month on cellphone plans amid rising inflation, Helium Mobile aims to provide an affordable alternative.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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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HNT has broken through the downtrend line, there is room to growHi all, back to the HNT.
Since the beginning of the year, as far as the chart allows us to see, the asset has been moving in a downward channel.
Not long ago there was a breakdown of the downtrend line, the asset has successfully consolidated above it so far.
Ahead we have the first strong Fibo level of 0.236.
After breaking through this level and fixing above it, we can open a long trade.
Targets on the chart of $1.72 - $2.25
This is not a financial advice, everything you do you do at your own risk.
HNT ON WAY FOR THE SPEED WAYHello Trader,
Thank you for taking the time to read our update.
Data
HNT is recognized as a cryptocurrency that enjoyed a favorable period until it was delisted from financially important exchanges. However, since the beginning of 2022, it has experienced a period of decline.
We are closely monitoring HNT in anticipation of a potential resurgence.
Currently, we are eagerly awaiting HNT's performance in the critical hours ahead.
Targets
We are closely observing HNT's price movement, with an eye on reaching $1.60 initially and aiming for an eventual increase to $2.
Thanks for your comments
HNTUSD Major bullish break out targeting 1.8000.Helium crossed and closed over the 1D MA50 yesterday for the first time in 56 days. This is an early buy signal as the 1D technicals are still neutral (RSI = 50.663, MACD = -0.016, ADX = 29.754) but the RSI is already rising on an HL trendline.
We are buying this breakout early as with the March 24th breakout and target the 1D MA200, a little over the 0.382 Fibonacci level (TP = 1.8000).
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HNT is successfully recovering! +50% in the near future.Hello everyone! A month ago, I wrote my idea about HNT, but the delisting with Binance caused a drop in the coin's price.
However, as I mentioned in the comments on my previous idea, the project is old and has a strong team and goals they are achieving.
Currently, the asset has recovered from the fall and in a local picture on the chart, it has formed a technical analysis figure of an ascending triangle, successfully breaking the Fibonacci resistance level of 0.236 and consolidating above it.
If we look at it from a wider perspective, the asset is moving in a descending channel. The correction of the asset occurred to the lower boundary of the channel, and a reversal movement has started.
I expect the asset to recover to the Fibonacci level of 0.382 with further breaking of the level and a rise in price to the Fibonacci level of 0.618 ($2.28).
It is possible to expect the asset to retrace to the Fibonacci level of 0.236 and take a position in this area.
Targets on the chart.
This is not a financial recommendation, and everything you do is done at your own risk.
HNT - run at $4.5Watching this setup. Bullflag closing, potential on bounce off the bottom of the flag later this week or early break off the top with entry @$3.25 for 45%.
Some potential resistance at $3.5 from hoizontal / descending channel.
Best, Hard Forky
HNTUSD Can skyrocket to 16.000Basic fractal projection for HNTUSD/ Helium as the RSI action today resembles he price action of late 2020.
Both on a V-shaped/ Inverted Head and Shoulders pattern, in 2021 that targeted exactly Fibonacci 3.0.
Target a little under it at 16.000. Assume as confirmation the breakout over the 1day MA200.
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HNT: NEXT POTENTIAL MOVE$HNT pullback at 50 day MA in a demand zone after a very promising impulse to the upside, taking the risk on this trade gives us a 1:2 RRR.
Follow for more!
#Helium #HNT start bullish trend?!#Helium #HNT start bullish trend?!
It seems that the downward trend of Helium currency has reached its end with a double zigzag pattern. In the first step, to ensure the end of the downward trend, it is necessary for the price to leave the downward channel. If the price exits the downward channel, we can expect the price to enter a long-term upward trend.
Orange ranges - support-resistance areas.