Long
HATUSDT 1-Hour Heikin Ashi Chart Analysis
$BYBIT:HATUSDT
Analysis:
Recent Trend: The chart shows a sharp price drop recently, with red candles indicating strong selling pressure. 📉
RSI: The Relative Strength Index has fallen below 30, entering oversold territory. This suggests that selling may have been excessive, and a rebound could be possible. 📊
Support: A potential support level can be identified near the current price drop, around 0.00087 USD (based on chart figures). 🔽
Resistance: A possible resistance level could be near the previous trend’s low, around 0.0010-0.0012 USD. 🔼
Possible Targets:
Target 1 (short-term): 0.00095 USD - A small rebound after oversold conditions. 🎯
Target 2 (medium-term): 0.0011 USD - A test of the first resistance level. 🎯
Target 3 (long-term): 0.0015 USD - If a strong bullish recovery occurs after confirmation. 🎯
Set a stop-loss below the support level (e.g., 0.00065 USD) to manage risk. ⚠️
Analysis:
Recent Trend: The chart shows a sharp price drop recently, with red candles indicating strong selling pressure. 📉
RSI: The Relative Strength Index has fallen below 30, entering oversold territory. This suggests that selling may have been excessive, and a rebound could be possible. 📊
Support: A potential support level can be identified near the current price drop, around 0.00087 USD (based on chart figures). 🔽
Resistance: A possible resistance level could be near the previous trend’s low, around 0.0010-0.0012 USD. 🔼
Possible Targets:
Target 1 (short-term): 0.00095 USD - A small rebound after oversold conditions. 🎯
Target 2 (medium-term): 0.0011 USD - A test of the first resistance level. 🎯
Target 3 (long-term): 0.0015 USD - If a strong bullish recovery occurs after confirmation. 🎯
Set a stop-loss below the support level (e.g., 0.00065 USD) to manage risk. ⚠️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.