HUCBTC

HUCBTC

HUNTERCOIN a return back to the KIJUN( the mean) and a loose falling wedge spotted.

Currently hitting the tenkan (blue line) and going down a little serving as a resistance preventing it from returning back to the Kijun(redline).

With a support of around 1230sats, price will likely hold at this zone causing price to move far away from the kijun and will cals for a KIJUN BOUNCE returning to the red line.

as shown below

 THE FALLING WEDGE

A loose falling wegde, it has open space in between its price in the wegde. Move down to a technical support level at 1230sats and would likely test that zone again as the wedge is almost completed.

 

TECHNICALS suggest that a return back to 0.5 fib retracement level should always be the first target of a ny trade set up.

 

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL

 

 

 

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