HNT LONG TREND UPDATEHello trading friends,
This is a small update for Helium(HNT)
HNT Shows a great trend for green. and possible that we can see some increase trends coming time.
Manage always your risk, and check the trend on 2 sides.
Target 1 14.80
Target 2 15.60
And check the trend only from the above trend line, there is not always a reason to enter the markets always directly.
Have a great coffee time!
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HNTBTC
Helium Has No Correction, Can Continue Growing!Here is a chart that looks completely different to all others we have been looking at.
Most of the altcoins went through a very strong correction and are starting to recover this past week... Look at Helium, HNTBTC.
This one hit a peak in late May, price retraced shortly but it continues trading above all the EMAs.
With prices trading above EMA10/21/50/100, etc., a bullish RSI and MACD.
It is likely that it will continue growing.
Conditions for change
In the case that prices drop, we have EMA300/MA200 working as strong support (blue area marked on the chart).
Thanks a lot for reading and for your continued support.
This is not financial advice.
Namaste.
Helium ready to go beyond the stratosphereHelium's halving is about 2 months away and is currently a project quite a few people talk about. Its price chart vs BTC is just incredible and it is probably the best performer since the day before the crash started, and its structure is very bullish and stable across all timeframes. It has been closing above its 2020 ATHs, as well as early April and early May high which is showing that it is very strong.
It's market cap isn't that small, but not very large either. It's current inflation is high but the demand has been strong and the way the rewards are distributed is very interesting. As a project it is quite promising which is a big plus.
Now it doesn't have many listings, but I believe quite a few more listings will follow relatively soon (i.e Coinbase, Huobi, OKex). On binance it might get some extra pairs + isolated margin. It is listed on Binance US and FTX which are quite important too.
The current setup is a very simple on and just as a first target. From here I think HNT could easily double.
charts.cointrader.pro
HNT is up to something! Strong Buy HNT is showing STRONG BUY on all platforms.
It's actually aiming for the ATH right now and even though Bitcoin had a big correction, it doesn't seem to be following any correction's path.
You can either open your long positions right now and aim for the ATH, or for playing safe: you can wait and see if the price can break the resistance, and the open your long positions after the closure of the first 4H candle above the ATH area.
Either way, it's a shaky market... so be very careful
Good Luck
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BIG Bull Flag on HNT 4 Hour - Target $24.02Another beautiful setup for a long on HNT. Let's get it !
HNTUSDTHNT is pumping right now. but don't open long positions,
Wait for the confirmation first. after the first 4H candle closes above the resistance, you can safely open your long positions and wait for the TP area.
If the price couldn't pass the resistance then short positions can be a good choice.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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HNTUSDTHNT did a great job moving up and even though it's rejected right now, it still has a 18% move up as the first hot coin on Binance.
There are 3 support areas which can definitely support the price and help you open long positions.
Keep your eyes on this coin, if the supports couldn't hold the price, you can open your short positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
Imminent break-out Helium HNTBTCHelium has just confirmed break-out of the ascending triangle with target pointed out on the chart.
HNT (Helium) Analysis 12/03/2021Fundamentals:
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.
Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.
Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.
Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.
The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.
In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.
Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013.
Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s.
Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal.
Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.”
Technical Analysis:
as you can see the price has already done its accumulation phase and started rallying to the parallels legs of Fibonacci Projection.
it is currently consolidating in the projection zone and we are waiting for the higher levels which is the Extension zone and 261.8% and 361.% of the same Fib Projection
there are totally 3 Targets Defined
HNT/BTC +150% or dump?as we can see, price made a cup and handle formation and we have and uptrend movement in RSI. in this case price should break the red line and make confirmations above it.
Targets on upward direction are:
T1:14000 sat
T2: 24500 sat
HNTBTCMA200,360 has not still formed on daily but if this remains bullish, it may try hitting at least a little lower than the last top
HNTUSDT - Accumulation phase HNTUSDT has been consolidating in a rectangular pattern since November (accumulation phase).
Price has formed a higher swing high and a higher swing low.
Potential breakout.
Buy entry ⬆️ - breakout above the rectangular pattern's horizontal resistance.
Targets 🎯 - fibonacci extension levels.
Setup invalidation ❌ - breakdown below the rectangular pattern's horizontal support
HNT: Long TradeHello Dear Traders,
few days ago HNT has performed great , its again rallying up
Its showing strong reversal on daily timeframe.
this can easily achieve targets in few days .
HNT Helium Easy Targets - HNTBTC HNTUSDT HNTUSD HNTBITCOINHNT Helium Easy Targets - HNTBTC HNTUSDT HNTUSD HNTBITCOIN
HNTBTC: Possible Long (14.11.2020)On D1, a divergence has formed between the price and the RSI. Also, the price broke through the downtrend line, after which an initial impulse was formed.
On H4, the price found support at the 38.2% Fibonacci level (61.8% mirror level). Also, the RSI reached the oversold level, after which a local impulse was formed.
At the moment, the price is correcting, and we recommend buying HNT at the current price, as well as from the 50% Fibonacci level.