HMQ has been in a very long correctional moment both in the short and long term time frames. It seems it is in its deepest position now and trying to raise up once again. As you can see in the below 1D chart and in the main chart above HMQ formed a sharp falling wedge and trying to breakout.
RSI is at 61 for now and volume is showing a good pump up by the last 4 hours.
Short Term
If it can close above the blue line in the 2H a 5 wave triangle elliott wave creation will most likely will be developed. And 50EMA is below the price which is a good indication for a short term long position.
Recommended Accumulation Zone : 390 sats - 420 sats
Distribution Zone :
Target 1 : 427 sats
Target 2 : 456 sats
Target 3 : 480 sats
Target 4 : 503 sats
Target 5 : 537 sats+
Stop Loss : 354 sats
We will update trading signal for the long term trade soon.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Short Term
If it can close above the blue line in the 2H a 5 wave triangle elliott wave creation will most likely will be developed. And 50EMA is below the price which is a good indication for a short term long position.
Recommended Accumulation Zone : 390 sats - 420 sats
Distribution Zone :
Target 1 : 427 sats
Target 2 : 456 sats
Target 3 : 480 sats
Target 4 : 503 sats
Target 5 : 537 sats+
Stop Loss : 354 sats
We will update trading signal for the long term trade soon.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
