#HIFI : An accumulation of 4 months BREAKING OUT !!! BINANCE:HIFIUSDT
#HIFI : An accumulation of 4 months BREAKING OUT !!!
Buy Trade Strategy for HiFi: Capitalizing on DeFi Lending InnovaDescrizione:
This trading idea focuses on HiFi (formerly known as Mainframe), a cryptocurrency that plays a critical role in decentralized finance (DeFi) lending. HiFi is designed to enable fixed-rate, fixed-term lending, which sets it apart from other DeFi projects in an industry typically dominat
HIFIUSDT Strong Bullish!HIFIUSDT technical analysis update
HIFI's price is breaking resistance after a 100-day range-bound market, and it is currently trading above the 100 EMA on the daily chart. This can be considered a bullish signal for HIFI.
HIFI ANALYSIS (4H)From where we put the green arrow on the chart, it looks like a triangle is forming on the chart.
It seems that we are now in wave D of this triangle.
The E wave can start from the green range.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invaliation
HIFIUSDT.PHIFIUSDT.P is in bullish trend.
Potentially printing HH and HL.
Bullish continuation flag also form.
No sign of reversal here.
We wait and watch for the breakout of flag pole.
HIFI/USDT DAILY ANALYSIS Price broke and closed above Saturday's daily Candlestick and now it is coming back to retest that high,and most likely reverse to the upside.
HIFI ANALYSIS#HIFI Analysis : Channel Breakdown
📊As we can see that #HIFI was following ascending channel on 4hr time frame. But we can see a breakdown and 2 times retest the same channel. Right now there is a major support level at 0.4855 and if #HIFI breakdown that level then we would see a dump otherwise it
HIFIUSDTWe can attempt to buy HIFIUSDT from specified level as it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
HIFIUSDT.PHIFIUSDT.P is in bullish trend.
POtentially printing HH and HL.
No sign of reversal we wait and watch for the breakout of last HH.
$HIFIShort position with stop loss at $0.4788
Please DYOR before take a position.
Always use stop loss and manage your own risk!!
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.