HYCUSDT: HYCON - dead or shot up?Hello my friends!
Hycon has performed quite well against USDT in recent times. But what about BTC? If we look at the situation, the curve looks frightening. Does it? Are we on the edge of an extreme upswing? This is a 50:50 chance. Tradable on Okex, Bittrex and HITBTC.
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Let's see what happens.
Happy trading. :-)
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In detai:
Hycon
HYCUSDT: HYCON could be a call ...Hello my friends!
Hycon made a higher high and a higher low. Could be the bottom (double bottom) of wave 2. There could be a potential for a bounce. HYCON stands for Hyperconnected Coin.
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Let's see what happens.
Happy trading. :-)
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Hycon (HYC) - July 1 (1W)Hello?
Dear Traders, Nice to meet you.
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It rose from the bottom section (below 0.00414).
You need to make sure you can get support at the 0.00414 point.
Also, you need to make sure you can ascend to the low point (below 0.00776).
It broke through 50EMA and 60SMA of the 1W chart and rose.
In the section A (0.00414~0.00620), it is necessary to check whether the sideways will appear on the basis of the departure from the floor section.
Therefore, it is necessary to form a box section in section A and do sideways.
If you go up to section B directly from section A (0.00620~0.00877), I think you need to be careful because there is a possibility that you will not be able to endure with a lot of selling quantity.
Since 50EMA and 60SMA broke through for the first time on the chart, I think there is a high likelihood of continuing this upward trend.
However, since it has just risen from the bottom section (below 0.00414), I think it is better to watch a little more than hastily.
(1D chart)
From the volume index, the price also increased a lot as many volumes were generated.
After that, as the volume decreased, the price continued to rise.
Now that I am out of the bottom section, I think more volume should come out again.
Therefore, I think you should take a good look at the increase and decrease of volume.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where the counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Hycon (HYC) - May 16Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me ("Like" gives me the power to post charts).
By "following" you can always get new information quickly.
Thank you for always supporting.
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Because it showed a lot of rise, I posted it.
It rose 144.17% in the week corresponding to February 03.
Currently, it has risen to 0.00117 ~ 0.00269 (up 129.91%).
I still think there is room to go up from 0.00290 to 0.00327.
However, I think it is possible to gain further if you get support above the 0.00230 point.
After February 03, it fell about 60%.
If you think it will drop about 50% after rising this time, you are likely to touch below 0.00113.
Therefore, we believe that careful trading is necessary.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Hycon (HYC) - April 9We have not been able to escape the downward trend for a long period of time.
There is a rising divergence of MACD.
I am wondering when will it be time to release this power.
50EMA is approaching.
You need to make sure you can rise above 50 EMA.
Being in the long-term investment area, you need to be cautious about trading.
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I think the current situation is not very good to understand the overall flow of the coin market.
Accordingly, it is time to focus on selling rather than buying to preserve profits.
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"Like" is a great power for me.
I will try to reciprocate with better information.
Thank you for always supporting.
HyconHYC is about to list on the Bittrex exchange, and prices declined, contrary to expectations that the price will rise with a trading event prepared by the Bithumb exchange.
It fell -15.80% from the beginning and end of the Bithumb event.
December 9 at 12:00: Volume: 3.232B
December 10 at 12:00: Volume: 3.524B
Dec 11 12h Volume: 4.206B
The last big trading volume after the airdrop event ended at 12 o'clock on December 12th and reached 2.594B.
Finally, airdrops are expected.
The 25 November low was 3.740 due to the drop in BTC.
The time that broke below the 3.740 point and started to fall was at 02:00 on December 12.
The price seems to have dropped sharply due to the low quantity of bids.