HNTUSD Strong pump but significant Resistance cluster ahead
Helium (HNTUSD) has broken above the April 04 Lower Highs trend-line and is now inside the 1st Resistance (September 06 Low). The 1D MACD is overbought and if the price fails to cross above the June 25 2022 Lower Highs trend-line, we expect a re-test of the 1D MA50 (blue trend-line) as Support.
This Resistance cluster is the last barrier before the critical 1D MA200 (orange trend-line) Resistance which has been untouched since February 15 2022. This will be the strongest bullish confirmation which should be enough to make the price target the next (red) Resistance Zone, on the November 07 2021 Lower Highs trend-line and the 1W MA50 (red trend-line), potentially all around the same region, making it the final Resistance cluster before the new Bull Cycle's parabolic rally. Technically this should closer to the end of 2023.
P.S. Was almost a month ago before we projected HNT's bullish break above the short-term Falling Wedge:
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This Resistance cluster is the last barrier before the critical 1D MA200 (orange trend-line) Resistance which has been untouched since February 15 2022. This will be the strongest bullish confirmation which should be enough to make the price target the next (red) Resistance Zone, on the November 07 2021 Lower Highs trend-line and the 1W MA50 (red trend-line), potentially all around the same region, making it the final Resistance cluster before the new Bull Cycle's parabolic rally. Technically this should closer to the end of 2023.
P.S. Was almost a month ago before we projected HNT's bullish break above the short-term Falling Wedge:
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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