HNTUSDT trade ideas
HNT/USDT Double Bottom? Hey, traders
HNT coin will be last one for today! Well we see one thing on 4hr chart which is "Double Bottom" pattern - bullish sign for pattern hunters but also we see that indicators are not turned bullish yet so we are not looking into any buys until we break that EMA100 zone at least and secure it on 4hr chart.
Overall we are still in bearish trend and if we break that line on HNT coin we might have a very nasty drop. Any thoughts guys?
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More downward movement for HNT?Notice of Removal of Trading Pairs - 2022-10-14
Binance will remove and cease trading on the following trading pairs at 2022-10-12 03:00 (UTC): Cross & Isolated Margin Pairs: HNT/BUSD, HNT/USDT
Binance will remove and cease trading on the following trading pairs at 2022-10-14 03:00 (UTC): Spot Pairs: HNT/BTC, HNT/USDT, OOKI/BNB
Please note: Users can still trade the above assets on other trading pairs that are available on Binance.
At 2022-10-07 03:00 (UTC), Binance will suspend HNT/BUSD and HNT/USDT cross and isolated margin borrowing.
At 2022-10-12 03:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the HNT/BUSD and HNT/USDT cross and isolated margin pairs. We will then delist the HNT/BUSD and HNT/USDT cross and isolated margin pairs. Users are strongly advised to close their positions prior to the cessation of margin trading to avoid any potential losses.
I am already in a short position, and will continue to hold through to next week
Long HNTIt seems like HNT is at the bottom of a Wave 5 correction with momentum showing an Inverse H&S. This is telling me that we'll have a Wave A bounce up to these fib levels. My minimum TP is the first fibonacci level at the 0.382. RSI is also showing bullish divergence, so I expect HNT to pop while Bitcoin consolidates.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
H4 TA analysis of the current situation with two options ahead Daily:
We have a not clear downtrend, almost empty area below 8.50. Next serious support is 7.40
H4:
Downtrend for 5 days (-23%), accumulation for 13 days with further bearish breakout. At 8.6 - new accumulation.
After false breakout, no high correction, 3rd bar after FB is "stop bar". Next bar in bearish. reached 80% H4 ATR for 3 hours.
It seems that shorts are nearby, but we have to be sure, that other scenario is cancelled. The best short signal for us will be small bars (H1-H4) in yellow box, just above the 8.5 line.
Tp is 3-5% above the 7.40
HNT is Going to do a Decent Bullish Movement.HNT was in a Bullish Pattern But the Break out has Happened Recently! The Pattern was an Inverse Head and Shoulder Pattern. The Break out which happened recently, Confirms a Bullish Trend Up to 33$. The Expected Bullish Movement is as much as the Length between The Head and Neckline So 33$ Prediction is on Point.
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Thank you for seeing idea .
Have a nice day and Good luck