HMSTR Cryptocurrency Analysis on the Hourly Timeframe
A bullish wedge has formed on the HMSTR cryptocurrency chart, which indicates possible growth in the near future.
The breakout of the middle line of the RSI indicator in combination with the breakout on the MACD strengthens the signal for growth. In the previous two cases, when these levels were broken, the HMSTR price rose to $0.00625 and $0.00579, respectively.
The current price of $0.004 is at the Fibonacci level of 0.618, which is a significant level for opening a position.
To date, the cryptocurrency market has shown significant growth, while HMSTR has not yet had time to react to this movement, which can also serve as an additional signal for a possible price increase.
I remain with HMSTR assets in anticipation of growth, based on the arguments above.
This message does not constitute individual investment advice.