Hi, Here’s a quick look at HNT 4 hr chart. As we can see, the price is retesting the trend Support Line if the line doesn’t hold we may see a drop to the red line 1. Support Line and if the support line doesn’t hold we may see retesting on 12-13$ levels.
If we hold on to Support my targets are
We hold the support it’s a good sign in 3 days I expect to hit at least 22$ or + if BTC doesn’t drop hard. In the long term end of the spring, I expect 30-50$ Right now it’s a positive support line worked let’s see what will happen.
We are still holding good on the Support Trendline but if BTC today or tomorrow drops very hard we might see a retest on the red Support line 15$ this is FIB 0.5 so its strong support but if we fail from here we might see a retest on FIB 0.618 golden Ratio which is 13-14$ We will understand in few 4h Candles. Right now everything is going well the support is holding.
Targets are still the same if we drop It takes a little longer to reach, but I think we will see those targets. 1 Hour might cut upwards 4H 40-45 1H 30-35 its good, and last but not least There is a contraction of the 4-hour and also 1-Hour with good and with the good news there is a triangle formed we might see breakup. Let’s see / Thanks for the comments guys appreciated.
This is not financial advice! Just my idea about HNT!
Do your own research.
If do you see a mistake or want to help, you can write in the comments.
It’s my first time so take your own risk.
Not investment advice.
My ideas are only helpful and not advice to buy or sell, you are the decision-maker.