Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
- Helium’s Time Bullish Structure hinted at a chance to establish breeding
- 4-hour charts chart could give early signs of the next HNT trend
Helium (HNT) withdrawn by almost 24% from a local maximum to $ 4.5. On Saturday, April 12th, HNT recorded a break on the Bikovo market market after being able to make a recent maximum at $ 3.4. This indicated the end of the previous fall that has been in the game since the end of January.
Heli bulls are on the way to force the trend stab
Source: HNT/USDT on TraringView
After a break of bull structure, HNT hit a local high by $ 4.5. Since then, he withdrew to $ 3.4, but the cryptocurrency retained her bull structure. The next levels of long -term support were $ 3 and $ 2.25. The move to these levels can be possible for two reasons.
First, the potential volatility is about bitcoin (BTC). It is currently unclear whether BTC has formed its local bottom at all. A fall under $ 83,000 could bring sales throughout the market and have a negative effect on HNT. Another reason would be a lack of irresistible pressure from buying.
Obl tested its February during a change in the structure of a market structure, but OVS could not climb more. It alluded to some weakness of the bulls. If Obl can establish a trend in the coming days, the chances for the second helium set could be larger.
Source: HNT/USDT on TraringView
On a four -hour ladder, RSI revealed that the momentum had slowed down over the past week. The price of the action emphasized that the bear block (red) has served $ 3.7 served as resistance in the last few days. Obl’s struggles to achieve a new high frame were clearer in this time frame.
At the time of writing, HNT traded about 50% of the diverting level and could bounce more than $ 3.7. This would require more pressure from buying, so traders can watch Obl for traces of piercing of $ 3.7.
The structure was a bear on a four-hour chart, and the fall of BTC below $ 83K would strengthen the short-lived bear bias for Helij. In this scenario, traders can look for opportunities for sale, aiming to return to $ 2.75 to $ 3.
Representation of Liability Revenue: The presented data does not represent financial, investment, trading or other types of advice and are exclusively a printer opinion
