Hedget (HGET) huge triangleTA
Hedget (HGET) ,well if you like triangles as much as i do...
We can see the old support levels from december 2020 are holding at this moment
Also the market is in a decisive moment when the next winner will rule the crypto ecosystem ,web 3.0 and all the innovation zone will flourish
If you like the project keep HODL ing !
options trading on crypto - may have a bright future
Fundamentals
What is Hedget?
Hedget is a non-custodial options trading platform built on Ethereum and Chromia. Chromia is a relational blockchain database which allows complex transactions to be executed while maintaining decentralization and transparency.
Users can buy and sell options products on Hedget by providing collateral in the form of cryptocurrencies (both stablecoins and traditional cryptocurrencies). It also allows users to protect against downside risk for their crypto holdings as well as their debt positions on other lending protocols such as Compound and Aave.
What are HGET tokens?
HGET is the platform’s native token for governance and utility. HGET is used to propose updates to the protocol. Besides that, HGET tokens need to be staked to create and trade option products.
In the future, HGET tokens will also be used as a security measure for leveraged options. Option sellers who want to provide options without a 1:1 collateral will need to stake HGET tokens.
How does Hedget work?
The Hedget platform runs on three main components:
ESC: Ethereum smart contract which handles token deposit, withdrawals and physical settlement.
CTD: Chromia-based dApp which handles trade, contract ownership and acts as a bridge to interact with the ESC.
CSW: Client wallet and trading UI which carries out commands using ESC and CTD.
HGETUSD trade ideas
Moonshot Search Yields HGET-Hedget As A Possibility FTX:HGETUSD - 4H
I see a lot of people wanting to find coins/tokens that are considered "moonshots." Typically a moonshot offers >20x returns, sometimes in the 100x range. In order for a moonshot to manifest, you have to take on a variety of risk and see the coin/token's underlying value - what does it bring to the table? What does it solve? Why would anyone think of buying this?
I've been dabbling quite a bit in DeFi and came across HGET last week. Options trading is as lucrative as it is destructive. HGET brings non-custodial options trading to DeFi and launched in Sept 2020. It debuted at ATH and has plummeted downward since. Some of the downward moves are almost musical in their curvature. What has hampered HGET growth is - there haven't been any buyers. Looking at the 4H chart we only see sustained buying interest in the past two weeks. Tall green bars are rare in its history - but that's all going to change in near future. HGET is providing impossible returns in the form of LP yields and the market is starting to digest its value in that regard.
Looking at the tokenomics there is a circ supply of 1.75M, max supply of 10M - or roughly half of BTC's max supply. If HGET were to blow off to the stratosphere and reach 10k/coin, it would still only be 9% of ETH's current marketcap and remain ranked below Ripple. It's currently ranked in the 700s on CMC and will popularize with the platform's release this quarter. As more people enter crypto and want to make money on trading, more will entertain trading options on DeFi as there is no kyc nor mandatory reporting.
I've added some fib extension levels on the chart for anyone looking at a good entry point and potential target levels. The ride from now to $8 will be a bit tough unless it just facemelts past it all. $10.50 marks ATH and the coins debut price, and once it clears that we'll see some strong strides up into price discovery. Most of the early bagholders have been chased out following a -90% drop. I'm not in HGET currently to trade, but am in it for LP token staking. I'll enter it to trade at $8.50 with a short term target of ATH and holding a portion for the moon trip to the top 150.
This is not investment advice and trading cryptocurrency is high risk.
HGET finally going UPHGET FTX:HGETUSD is a recent defi project. Still relatively LOW CAP and not listed yet on any big exchanges.
It just went down since the beginning. Looks like we rebounded on the bottom(1.5, 1.6 $) some days ago and reversed.
Using Ichimoku indicator,we can see the price,the kijun, and the tenkan are for the first time upper the cloud (4H). We recently had a KUMO switch.
On 12H timeframe, the tenkan just crossed the kijun and the price is heading up.
Looks like it finally reversed. Not a bad price from 1.7 to 1.5 $
This post is for educational and Information Purposes Only.
Feday