Around two weeks ago I made an analysis on HNT and the bearish channel it was trading in.
Since making the analysis above, HNT has followed my expect path to the letter. At this moment, HNT is bouncing off the support of the channel, potentially calling the bottom and setting the stage for a mid-term bounce.
Furthermore, notice the daily RSI. It's currently in oversold levels. Oversold RSI combined with a strong support should increase our odds of a bounce.
Target would be $20 and/or the top of the channel.
Since making the analysis above, HNT has followed my expect path to the letter. At this moment, HNT is bouncing off the support of the channel, potentially calling the bottom and setting the stage for a mid-term bounce.
Furthermore, notice the daily RSI. It's currently in oversold levels. Oversold RSI combined with a strong support should increase our odds of a bounce.
Target would be $20 and/or the top of the channel.
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