The yellow trend line has served both as support and resistance from early Feb, which makes it a very strong trend line. The yellow bubbles have shown points in which HT has bounced off and continued rising and the green bubbles have acted as resistance points. Based on this, I would expect HT to bounce off the line once more and it is being sandwiched in from the green trendline.
This is not investment advice, this is just my take on HT:USDt. Happy investing.
This is not investment advice, this is just my take on HT:USDt. Happy investing.
Comment:
Broke out of the flag and is not bouncing off the flag as support. The green line represents previous support/resistance as you can see. MACD on the 4hr chart and on all smaller time frame have or is slowly turning bullish.
Broke out of the flag and is not bouncing off the flag as support. The green line represents previous support/resistance as you can see. MACD on the 4hr chart and on all smaller time frame have or is slowly turning bullish.
Comment:
Posted the wrong chart.
The white dashed line indicates previous resistance and support from the last run up (which coincidentally lies at .382 fib level). RSI is cooling down and MACD is hold steady on the daily chart. I expect some sideway movement for a short period before the next leg up.