HOOKUSD: Sits at PCZ of a Bullish GartleyThe MACD is prepped for a Bullish Crossing as it attempts to show its first confirmation of Bullish Convergence since hitting the PCZ the first time. If it can bounce here again it would be a Higher Low and Break Hook and Go off the Gartley PCZ which from there I think will have room to more than double in value.
HOOKUSDT trade ideas
HOOKUSDT Idea As you can see, the first 5-wave Elliott Wave is forming in an ascending mini-channel.
To use this setup, I suggest that you enter into a buy trade ( long trade ) after the price hits the bottom of the upward channel and when the fifth Elliott wave forms.
Place the targets on the upper line of the channel or the end of the fifth wave
BINANCE:HOOKUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
🔥 HOOK Potential Bounce Area LocatedHOOK has been selling off for practically a month at the moment. However, I think we can expect some sort of bounce in the near future.
I copied the top dotted trendline and attached it to the December lows to create a parallel channel.
I'm waiting for HOOK to hit the bottom resistance of the channel before considering an entry. Targets in blue.
Keep in mind that this is a risky trade.
🔥 HOOK Perfect Bounce As Expected: Massive ChannelRecently I made an analysis on HOOK and the expected bounce area I identified. In the end, the indicated was spot-on and we hit both both bullish profit targets. Congratulations if you took the trade.
Since it's clear that my initial channel held, I'm looking for more gains in the near future. First target at $3.
With some luck, we might rise all the way to the top of the bullish channel. This would most likely need a longer bullish market, think 2-4 weeks.
#HOOKUSDT - Long - Potential 100.57%Style: SWING TARGETS
Direction: LONG
Market: SPOT
Risk: 0.25% - 1%
Leverage: N/A
EXCHANGE: BINANCE
#USDT_HOOK
TIMEFRAME: 720
ENTRY: 2.0775
⎿ TP5: 4.155
⎿ TP4: 3.11625
⎿ TP3: 2.493
⎿ TP2: 2.28525
⎿ TP1: 2.181375
STOP: 1.478
CPI data drops in about 30 mins. Anything not terrible will pump the market as a 50bps hike has effectively been taken off the table. Big volume break out on this small cap could fly.
HOOKUSDTHOOKUSDT 4H :
It broke the downward accumulation triangle it had been forming and now needs a strong buying impulse to reverse the bearish trend.
Its decisive support is at 1.8942 and to reverse the trend it needs to break 2.2176.
Following are the supports and resistances on the M45:
S1: 1.9315
S2: 1.8876
R1: 2.0013
R2: 2.0737
RSI with exhaustion of selling forces.
HOOKUSDT Idea HOOKUSDT - HOOKUSD Idea HOOKED vs USDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.