HYDRO is one of coins having a potential. It has a unique block-chain solution for a real life problem.
We see a couple of trend-lines, there are;
1. A strong support at 42, also double bottom.
2. A clear downtrend line, tells us a strong resistance.
3. A descending triangle.
Also STOCH RSI shows a divergence.
Using these data it makes sense to open a long position, if it breaks at 47.
Put a stop below 41.
We see a couple of trend-lines, there are;
1. A strong support at 42, also double bottom.
2. A clear downtrend line, tells us a strong resistance.
3. A descending triangle.
Also STOCH RSI shows a divergence.
Using these data it makes sense to open a long position, if it breaks at 47.
Put a stop below 41.
Comment:
The price hit 40 today. This means another confirmation of descending triangle.
Comment:
Slowly climbing towards resistance...
Comment:
Breakout happened, let's see how much it will go.