HT/USD - Huobi Token at Key Support. Can it bounce?
After some time, Huobi Token has arrived at the $5 key support. If it holds here then a possible relief rally is likely, but this depends, very much, on where BTC goes next.
A break below this level would be pretty bad, particularly if HT closes a weekly candle under $5. If that happens, the price will go towards $3 next.
The indicators on higher timeframes are bearish, but the chart starts to look a bit oversold.
The daily RSI is giving a clear bullish divergence, so this level is critical to hold to confirm the possibility of a relief rally.
My bias is a bit bearish on this price action, but if the key support holds, then I will become more optimistic.
Like and follow if you liked my idea!
A break below this level would be pretty bad, particularly if HT closes a weekly candle under $5. If that happens, the price will go towards $3 next.
The indicators on higher timeframes are bearish, but the chart starts to look a bit oversold.
The daily RSI is giving a clear bullish divergence, so this level is critical to hold to confirm the possibility of a relief rally.
My bias is a bit bearish on this price action, but if the key support holds, then I will become more optimistic.
Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.