#HNT - price analysis:
Weekly resistance & a rejection already happened on the 8.00$ resistance!
-Chartism is not my specialty, but I see a pattern of Adam & eve double tops! [W]đâ ïž
-What's more, if we zoom out on the H1 - H2 view, we can clearly see an ascending rising wedge.
-On the daily view, the price is also in an overbought zone and in a strong correction zone!
When the tenkan / kijun daily zone is very wide, this means that prices should soon correct.
In most cases, prices react strongly on the support located in the middle of this zone.
So there's a big support to watch around $6,500!
âĄïžTo sum up, I think that logically the price should start to correct downwardsđ
Support to watch on:
6.900 - 6.60 - 6.40 - 6.00 - 5.800$
What do you think about it?? đ
