HNT bullish double bottom pattern
Hello Traders,
Here is a nice set up on HNT. This coin has been a consistent winner the times that I have been trading it and tends to be a big runner too when it gets moving. As of recently HNT has broken a large downtrend falling wedge, retested this trend and formed a reversal pattern of an Adam and Eve. This is a double bottom pattern with structure showing that the bulls have came in at a level they are buying at and bears are getting exhausted at the second attempt to break it down. Once the resistance is broken this would be a great entry point and the first target being the next resistance. If that resistance is broken you will be able to get a higher target out of this one.
Keep in mind this is only my opinion and you should be doing your own due diligence in researching your investments. That said, I hope my idea has brought you closer to your own!
Have a green week!
Savvy
Here is a nice set up on HNT. This coin has been a consistent winner the times that I have been trading it and tends to be a big runner too when it gets moving. As of recently HNT has broken a large downtrend falling wedge, retested this trend and formed a reversal pattern of an Adam and Eve. This is a double bottom pattern with structure showing that the bulls have came in at a level they are buying at and bears are getting exhausted at the second attempt to break it down. Once the resistance is broken this would be a great entry point and the first target being the next resistance. If that resistance is broken you will be able to get a higher target out of this one.
Keep in mind this is only my opinion and you should be doing your own due diligence in researching your investments. That said, I hope my idea has brought you closer to your own!
Have a green week!
Savvy
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