HUOBI TOKEN CORRECTION $HTUSDTThe price is building the head and shoulders pattern.
We can also see that the currency had rejected the 4.38 area. The price is also bouncing off the 23.6% fibo.
I expect the price to reach the 2.80 to 2.90 zone. But also keep an eye on the 50% fibonacci.
HTUSDT trade ideas
HTUSDTHT believes there is still a lot of expectations for the upside, and the outlook for the future is bright, as the worst trading point at 2.35 ~ 2.5893 is far away and remains above 3.5833.
You will have to touch the sky blue upward trend line and draw a new trend line to see if it will stay at the current price range and make a leap again.
HTUSDTI think it shows the best flow after BTC.
HT also thinks that touching the sky blue upward trend line will do a really good job. (3.7926 usdt ~ 3.9042 usdt)
I'm really looking forward to how far the second leap will go.
HTUSDTHT has come down to a good buy position.
We believe the stock is good to buy once it rises above the sky blue upward trend line.
Before buying, you should see if the BTC is up or down.
If the BTC is in a downtrend, you should not buy HT.
HT USD - Huobi Token Short SetupHT USD seems to have perfectly respecting the trendline. We see the break of the line, subsequent retest and break again.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
Why Houbi is just another engine for wash trading and scam wicksSo basicly this exchange just recently intoroduced a stop losses after a few years. Also any person can pass KYC just with a other person passport scan ( try it by yourself) . Low liquidity , fake orderbooks , wash trading machine - welcome to Huobi . This is where traders got rekt. They also have a breach in a security systems .
www.theblockcrypto.com
You also can SHORT Huobi token perpetuals with x1-x101 leverage here just recently- ftx.com . We all know how it will ends ;)
#HT/USDT (Aug 23) #HT $HT #USDT $USDTHT is really being manipulated, so investing in this period will be very risky and you can't ignore it for a few hours. Because the price is too high and once the price falls, the price will drop sharply. However, if you have time to follow up regularly, you can refer to the signal below :
Buy : 4.75-4.8$
Sell : 5.75-6.25$
Stop : Under 4.55$
Some levels that you can wait to buy : 4.6$-3.6$-2.85$-2.12$
HT-USDT Short Strategy / 3D timeframe / Invert scale
Type: Short
Entry: 5.12~5.2
Target : 2.8 usdt area
Stop loss : Above 5.5 USDT in 3Dcandlestick's close
R:R - 7.7
HT's price was rejected at 5.2 ~5.3 usdt area more than twice making a bloody doji candle. There seems much potential to reverse along with my bitcoin's bearish bias.
My target is the area where the bullrun of HT was started.
HT/USDTA bullish wedge is formed.
Support at global Fibo 23.6%.
Body divergences on RSI and RSX.
Present IEO.
Target: the first to work the wedge - 4.3230 (green).
Stop: for 3.8369.
Time of gold profit taking HT token nowIf you look at my analysis, it is quite familiar with 100%, 161.8% fibonacci level, right :)
Here HT also fell into the 100% threshold.
In addition, the trendline shows that prices are touching the upper edge
If we notice the RSI is also at 76. Previously, every time RSI stayed at this level, all signals showed peak.
So now is not the time to buy anymore but to take profits
Hopefully my analysis helps you choose the right buying and selling opportunities and make a lot of money with this crypto
Bullish on Huobi Token as if it's BNB 2017 lolHere comes alt season. We all know how well BNB did in it's run. I have no doubt it will continue to grow. But it's competitors are not as far behind as you might think. Get in on the action. or don't. DYOR.
If I'm wrong, please share why! Would love to chat charts.
