HydraFinance

HydraFinance

A down trendline from more than 2 years ago has been broken, the initial break occurred on Wednesday after which price stayed around it for the remaining two days of the week.

HydraFinance

As we can see we have two big factor here to make sense of why we are looking to go down. We had a 3 swing (2 against the bearish trend) moving against our previous establish move down, making the second one smaller than the initial move. Now we could theorize that we are going deeper into a development of a new trend UP by building a bigger base before price...

HydraFinance Updated 

Price has been in a sideways pattern that has consumed more than 3 years by this point. What seems interesting is to make a case for the downside comes to live on the lower timeframe and more recent price action. We will discuss this in detail later but for now let us say that we expect a future price target in the near vicinity of 124.00, if price moves above our...