right now, helium HNT doesn't seem like a good longI think the asset is in a short-term corrective pattern, I left the targets demarcated by regions.
Hellium
HNT AnalysisHi guys.
HNT bounced with a solid bullish volume. An order block has formed at the area from where that bullish move has been generated. Currently, it is rejected by the bearish breaker.
A strong breakout above the bearish breaker would signify a bullish continuation. If it continues to reject from here, there would be a great opportunity on the order block for quick gains.
#HNT 4h Long#HNT/USDT 🟢 LONG ⚠️HIGHRISK
Entry: 10.524 - 10.69
Take Profit : 10.86 - 11.100 - 11.429 - 11.837 - 12.460 - 13.304
SL: 10.375 (4H CC -2.88%)
💠HNT-- Welcome to new ATH! What next?Yesterday the price was rejected from the dynamic resistance and it seems like it is now going for another attempt to break it. Todays move might be very decisive as if the price gets rejected again, we can expect to turn it into chilling mode for a a while, which would be a typical behavior in ATH levels.
Aside from TA I just wanted to add that personally I think HNT has probably one of the strongest fundamentals in the whole crypto space, providing real-world value with already fully operational, fast-growing network, and I'm a big fan of the project. (still the charts come first)
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About Helium:
Helium ( HNT ) is a decentralized blockchain-powered network for Internet of Things ( IoT ) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT .
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Source: morioh
🤷🏻♀️HNT- H&S but don't panic yet!The price has formed head and shoulders pattern which is obviously bearish. My eyes try to ignore it, but it's there. However there's no reason to panic just yet, just be prepared for any scenario. This should make things clearer for you.
Also remember about macro view :)
HNT reaction-- OTHER COINS TO LOOK ATLadies and gentleman, I hope you have a lot of spare usd to spend. HNT had a relatively decent reaction in the bottom area of the channel (compared to other coins) which signals that some sort of buying pressure is still there.
Is the bullrun over? I don't know. Is bottom in already? I don't know either.
Of course going long right now is tough as everyone is in fear, but I'd like to share some other coins that are still holding on to their formations and might be potential opportunities for bounce-back trades. (near-term as BTC future remains unknown)
BINANCE:ERNUSDT
BINANCE:DATAUSDT
BINANCE:SANDUSDT
BINANCE:RUNEUSDT
BINANCE:AAVEUSDT
BINANCE:SOLUSDT
BINANCE:MIRUSDT
BINANCE:BADGERUSDT
BINANCE:CVCUSDT
BINANCE:THETAUSDT
HNT i like this situationHNT this is the posibility for HNT , but i think we have a nice pump in this coin. just wait for break out of channel
