HNT USDT LONG Price has been in accumulation phase now ready to move higher.
Indicators signalling a big move up
HNTUSD
HNTUSDTHNT is pumping right now. but don't open long positions,
Wait for the confirmation first. after the first 4H candle closes above the resistance, you can safely open your long positions and wait for the TP area.
If the price couldn't pass the resistance then short positions can be a good choice.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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Check the HNT processA triangle protruding from all sides will have a good descent / ascent, considering the MA100 support, we are expected to return to the top of the triangle ceiling in the first stage after testing this support. The resistance is marked with an orange line that will continue after the failure to reach the final target (green line).
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HNTUSDTHNT did a great job moving up and even though it's rejected right now, it still has a 18% move up as the first hot coin on Binance.
There are 3 support areas which can definitely support the price and help you open long positions.
Keep your eyes on this coin, if the supports couldn't hold the price, you can open your short positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
HNTUSDT - I toldPay attention to the level being pressed further.
The first take is about $10.
Stop loss - 7.0426
Calculate the risks!
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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
HNTUSDT - Accumulation phase HNTUSDT has been consolidating in a rectangular pattern since November (accumulation phase).
Price has formed a higher swing high and a higher swing low.
Potential breakout.
Buy entry ⬆️ - breakout above the rectangular pattern's horizontal resistance.
Targets 🎯 - fibonacci extension levels.
Setup invalidation ❌ - breakdown below the rectangular pattern's horizontal support
HNTUSDT forming bullish Shark for upto 24% moveOn a 4 hours chart, the price action of Helium (HNT) is completing the final leg of bullish Shark pattern, soon it will be entered in a potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Potential reversal or buying zone: $1.336 to $1.259
Fibonacci projection or sell zone: $1.410 to $1.570
Stop Loss:
The potential reversal zone area that is up to $1.259 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 24.70% and as per the above-mentioned stop loss, the loss possibility is 6%.
Note: Above idea is for educational purpose only.
HNTUSDT: Possible Long (25.11.2020)On D1, the price is steadily rising, setting new highs. RSI reached overbought level, however no divergence was formed between price and indicator.
On H4, you can clearly see how the price began to correct in the local correction. RSI is declining and is about to reach the overbought level. In addition, a number of Fibonacci support levels have formed.
We recommend buying HNTUSDT from the H4 trend-line and Fibonacci support levels in order to hold the position up to $ 2 and above.
HNT Helium Easy Targets - HNTBTC HNTUSDT HNTUSD HNTBITCOINHNT Helium Easy Targets - HNTBTC HNTUSDT HNTUSD HNTBITCOIN
HNTBTC: Possible Long (14.11.2020)On D1, a divergence has formed between the price and the RSI. Also, the price broke through the downtrend line, after which an initial impulse was formed.
On H4, the price found support at the 38.2% Fibonacci level (61.8% mirror level). Also, the RSI reached the oversold level, after which a local impulse was formed.
At the moment, the price is correcting, and we recommend buying HNT at the current price, as well as from the 50% Fibonacci level.
HNT/BTC (Support Breakdown)💎Technical Analysis Summary💎
BINANCE: HNTBTC
-After a few days of consolidation above 1200 sat range
-The market finally decided to go down and break its local support
-If the Bears can send more follow-through in the coming hours or days
-The downside target is around 900s sat or previous Swing Low support
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Helium ($HNT) breaking out of a 1 month downward channelWill see if this can close a 4HR candle above the channel if not short till middle of the range!
HNT/USDT 1 HOUR CHARTWe are running through the last parts of a 5 wave move. PA will move to the lower targets and bounce before finishing the 5 wave movement. Targets are marked and should be considered soft targets on the upside to insure that profits can be taken in time before a fall.
