HAMSTER KOMBAT IN-DEPTH ANALYSIS
For those who are wondering how #HMSTR would do such price action from the months it has declined.
Let me explain it to you more clearly.
The coordinated plans of buyers and sellers from the initial surge to the last point of decline has generated the idea of igniting buying pressure at demand zones and selling pressure at supply zones. These factors has created the support to resistance trendline with the descending points of support at 0.004557, 0.003839 and 0.002734 and descending points of resistance at 0.005063, 0.004557 and 0.003898. As for the total rejection that has happened. Once you zoom in, there were several corrections that happened in the shorter timeframe. Corrections such as these have made up the sellers' mind into doing a full selloff from the top. The result was a total of 70.52% strong decline. Taking into account this strong decline and not just some minor healthy correction, we have already put into mind the possibility of a key level to become its strongest demand zone. Hence, the reason for labeling the spring as the strongest demand zone. This is where most impulsive waves for the strong market rally of HMSTR would present itself. You can also take a look at the several resistance points that were broken from the previous trendline. These are the same resistance points were extreme selling pressures were present. Therefore, it's best to have optimistic perspective for what's coming with HMSTR's price. Although, we are also taking into account the possibility of a full reversal of this optimism for HMSTR.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
