Helium Mobile - (BULLISH) CASEChart Analysis:
Price Trend:
The price has been in a downtrend since its peak, with multiple lower highs and lower lows.
Currently, it seems to be at a strong support level, marked as the "BUY ZONE."
Support and Resistance Levels:
Support (BUY ZONE): Around $0.000454 - $0.000462, where the price has consolidated before.
Take Profit 1 (TP1): $0.002248 - 50% Take Profit
Take Profit 2 (TP2): $0.002903 - 25% Take Profit
25% Hodl for further gains
These levels suggest potential price targets for a bullish move.
Indicators:
A moving average (MA) is visible, which seems to be a short-term moving average acting as dynamic resistance.
Volume appears to be low but with occasional spikes, indicating possible accumulation.
Prediction & Possible Move:
The green arrow suggests a potential bullish move from the BUY ZONE towards TP1 and TP2.
The chart hints at a possible trend reversal if price holds above support.
Final Thoughts:
Bullish Case: If the price holds above support and volume increases, it may break out towards TP1 and TP2.
Bearish Case: If the support breaks, further downside could happen.
Recommendation: Watch for increased volume and confirmation of breakout before entering a trade.