HNT seems ready for a move higher
HNT seems ready to move higher.
On the weekly timeframe a trendline is forming.
The weekly EMA21 just went under the current price.
On the 12H it reclamed a level of support (around 1.7-1.75)
This is also near the 0.382 trend-based fib-level (1.689 to be precise)
Targets are on the chart. First target is 3 USDT. Followed by 3.4USDT.
The 3USDT-target is confluent with the 0.091 trend-based Fib-level. I've found that to be a good level to place orders.
On the lower timeframes there might be a trade around 2.5USDT.
The 2.5-level is the previous Daily high.
On the weekly timeframe a trendline is forming.
The weekly EMA21 just went under the current price.
On the 12H it reclamed a level of support (around 1.7-1.75)
This is also near the 0.382 trend-based fib-level (1.689 to be precise)
Targets are on the chart. First target is 3 USDT. Followed by 3.4USDT.
The 3USDT-target is confluent with the 0.091 trend-based Fib-level. I've found that to be a good level to place orders.
On the lower timeframes there might be a trade around 2.5USDT.
The 2.5-level is the previous Daily high.
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