HUT Short-term analysis | Trading and expectations

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HUT wave 4 was complete at the triple support, High Volume Node, daily 200EMA and .236 Fibonacci retracement. Price quickly recovered the daily pivot and continues its run in a macro wave 3, just below the all-time high. It is expected to be rejected at this point, with several tests of resistance before a breakout.

📈 Daily RSI hidden bullish divergence failed, followed by a successful bullish divergence above oversold.

👉 Analysis is invalidated if price drops below wave 4, cementing a new structure.

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Penafian

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