The markets are a place where money flows from the impatiente to the patient.
Here is why I believe time of reversal has come for HYDRA.
- The coin is almost down more than 90% from its all-time high. How much can you expect it to drop?
- HYDRA is currently at a very strong support range, which was previously resistance.
- HYDRA has formed a year long ascending triangle, which now seems to be broken to the side and not down (as was the trend for more than a year long).
- Every drop from a following lower high on the chart of HYDRA has been less severe. Here are the percentages you can see on the chart:
-71.86%
-67.47%
-51.98%
-48.72%
-36.08%
The bears are tired and the turn of the bulls has almost come.
- We can see a very clear bullish divergene (yellow line below) on the descending price
- In 10 weeks the airdrop will end, which will relieve a big sell pressure on the coin. This will be an extra calayst for the price to increase.