HOOKUSDT.PHOOKUSDT.P is in reversal mode.
Bearish divergence also shown in RSI.
We did not wait for the reversal we sell at CMP
HOOKUSDT trade ideas
#HOOK/USDT#HOOK
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside.
We have a bounce from a major support area in green at 0.4000
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 0.4800
The first target is 0.6700
The second target is 0.7800
The third goal is 0.9240
HOOK Technical Analysis: Potential for 200% gain.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
HOOK was under a downtrend but respected the lower support trendline and showed a decent rebound of up to 45%.
Currently, HOOK needs to break above the primary resistance, ranging between $0.6437 and $0.7172, to rally higher to the $1.16 resistance trendline.
The RSI shows a rebound from the oversold range, indicating a shift in momentum from bearish to bullish.
- Support/Entry: $0.394 to $0.483.
- Primary Resistance: $0.6437 to $0.7172.
- Higher Resistance: $1.16.
DYOR, NFA.
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HOOK is bearishFrom where we entered "start" on the chart, the HOOK symbol has entered a large correction, which seems to be a diametric pattern.
Wave B has just ended and price has entered wave C. Wave C is expected to continue up to the green range.
Note that you need a trading setup to enter the position.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Hooked Protocol (HOOK)On the above daily chart price action has corrected 80%. A few reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action trend reversal. Higher highs replace lower highs.
3) Support and resistance. Look left. Price action prints support on past resistance.
4) The bull flag flagpole forecasts a move to 2.50
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Yesterday
Return: Did you read the idea?
#HOOK/USDT looks heavy in 4-Hour TF!#HOOK/USDT looks heavy in 4-Hour TF!
NASDAQ:HOOK breaks the Diagonal Trendline. Wait for a successful retest in LTF to shorten it. The local support level is PWH $0.86.
#HOOK/USDT is heading towards a retest of PWL $0.85 support leve#HOOK/USDT is heading towards a retest of PWL $0.85 support level in 4-Hour TF!
Keep an eye on it. I'm expecting a pump from this support. Breaking down this level is a bearish sign for $HOOK.
HOOKUSDT 1DBuy #HOOK here and at its support zone. It may retest the trend line and then go up. Targets are:
$1.0867
$1.2066
$1.3265
Mid-term targets:
$1.4972
$1.7147
Support zone: $0.8482 ~ $0.9384
HOOK TokenThe HOOK token price trades below the key moving averages and is below its demand zone of $1 guiding bearishness on the charts
#HOOK/USDT#HOOK
The price is moving in a bearish channel on a 12-hour frame and is adhering to it well. The price has rebounded from the green zone and is expected to retest it at 0.8400.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is expected to break higher to support the rise
Entry price is 0.8400
The first goal is 1.00
The second goal is 1.15
Third goal 1.31
HOOK/USDT shows bouncing from support and back to upward!💎 Paradisers, the recent market dynamics surrounding #HOOK have indeed been noteworthy. Currently, HOOK is bouncing from the support trendline, which aligns with historical patterns where the price has consistently bounced from this level.
💎 If this bounce proves to be valid, there's potential for the price to resume its upward trajectory, especially if it successfully breaks out above the resistance area at $1.22. The next target movement could be towards our strong resistance area.
💎 However, if HOOK fails to break out above the $1.22 resistance level and faces rejection there, it could signal a potential downward movement back towards the support trendline to establish a new momentum.
💎 A concerning scenario would be if HOOK breaks down below the support trendline, leading it to test the support area in the range of $0.7 to $0.64.
💎 In such a case, the price must bounce from this support level and reclaim the area above the support trendline. If HOOK fails to do so and also breaks below the support, it could indicate a bearish momentum, potentially leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
HOOK PROTOCOL - NEW ALL TIME LOW
Call me crazy but BINANCE:HOOKUSDT will not be joining the bull run instead it will be busy on it road to creating a new ALL TIME LOW at $0.3500
PREVIOUS ANALYSIS
OTHER ANALYSIS
HOOK UPDATE - SHORT SETUP
In case you're interested in the previous analysis on BINANCE:HOOKUSDT and you are interested in taking that short here is a 5RR setup.
Although I am having a feeling price might not reach the entry precisely by tick.
OTHER ANALYSIS
HOOK/USDT - let me hook yaExpanding diag followed by a possible flat. If that plays out, I'd at least want to see the 1.13$ low revisited, preferably deeper though towards 1.05$ or even into the lower 0.90s.
Zoomed out:
Hook is preparing.Nice breakout, retest completed.
Now Hook is preparing in this consolidation zone.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
HOOK looks bullishHOOK seems to be inside the D wave and this D wave seems to be diametric.
If there is a pullback on the green range, you can look for buy/long positions.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Hook bullish structureHook has formed bullish structure. Im using OB+FVG+SSL trading strategy for this trade. And its perfectly lined up
HOOK/USDT Eyeing for Next Bullish Rally? 👀🚀HOOK Analysis💎Paradisers, turn your attention to #HOOKUSDT, where current signals indicate a promising chance for a bullish turnaround from an essential support zone.
💎Upon analyzing #HookedFinance's latest market activity, we've recognized a 35% dip from its peak. However, the steadfastness at the $1.12 support level suggests a potential rise.
💎While facing challenges in achieving new peaks or surpassing previous milestones, which has led to a brief bearish sentiment, the $1.12 level remains crucial for #HOOK. It stands ready to ignite a substantial bullish wave with another look.
💎In our arsenal of strategies, there's always a Plan B. If #HOOK falters at this support and dip further, our sights are set on a bullish rebound from a secondary support at $0.81. It's crucial to note, though, that breaking below this point could herald a longer-term bearish trend.
💎Maintain flexibility in your trading approaches and stay sharp to market movements, Paradisers. Your ParadiseTeam is on constant watch, geared to guide you through these fluctuating market conditions.
Hook/Usdt Idea The Hook/USDT pair has confirmed a breakout on the 8-hour time-frame and is exhibiting strong bullish signals on the weekly time-frame. My analysis suggests a potential 30-80% bullish move in the short-term, with the possibility of a significant bullish rally in the mid-term.
Please note that the information provided is not financial advice. It is recommended that you conduct your research (DYOR) before making any investment decisions.
HOOKUSDT.PHello Trader BINANCE:HOOKUSDT.P
1 daily chart bullish and valid patttern rounding bottom chart, but a little noise, and so the most ideal entry point area 1.4028 - 1.4635
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
Hooked Protocol to 8$Green Line best buy Area
TP1=4$
TP2=8$
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