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.