Helium (HNT) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern could signal a bullish trend reversal with upside potential to $2.00. Price has also broken above $1.50 resistance and 200-day moving average ($1.52), which suggests that buyers have finally absorbed all the supply from sellers, and price can now advance higher.
Pattern...
HNT has had a huge rise of 53% in less than 48 hours. It has reached its target $1.9 (2.618 FIB). Considering that we are going into another Bear phase because bitcoin has hit all of its targets and will go down to $18K. It would be fair to say that HNT can be shorted with the 1st TP being in the 1.45 / 1.5 Dollar range.
Good time to buy as price bounced off from golden FIB zone and broke out of the symmetrical triangle pattern, now retesting the triangle.
Huge volume candles from last couple of months shows strong accumulation by whales or institutions.
RSI showing divergence for potential trend reversal.
Buy for the following targets in medium to long term:
T1 : $38.00 ...
