Long
HDRN ,things looks good if....
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HDRN current price is 42000.
As predicted in the last update ,price went down to the 0.618 fibo retrace, and bounced HARD ...this level (30-31000) is now support.
Watch the daily heicken ashi candle close . If today`s candle will close as an "intra" red candle(small body ,engulfed by previsious day candle) ,followed by a green one tomorrow (small size GREEN candle-better) ,THEN we can talk about new ATH .
It`s a well knowed TA pattern. =.downtrend (checked) ;small red heicken ashi (checked) ;small green heicken ; BOUNCE . This is the exact order!
We`ll have the answer in ~36 hours (tomorrow daily candle close)
Invalidation? IF this thing starts to close UNDER 28000 ,then it can go a lot lower. Probably at the next fibo line which is at ~21000.This wont happen anytime soon, as we established ,31000 is support .(even if comes back down here,it wil be a BUY)
But so far so good.Things are looking good.
As predicted in the last update ,price went down to the 0.618 fibo retrace, and bounced HARD ...this level (30-31000) is now support.
Watch the daily heicken ashi candle close . If today`s candle will close as an "intra" red candle(small body ,engulfed by previsious day candle) ,followed by a green one tomorrow (small size GREEN candle-better) ,THEN we can talk about new ATH .
It`s a well knowed TA pattern. =.downtrend (checked) ;small red heicken ashi (checked) ;small green heicken ; BOUNCE . This is the exact order!
We`ll have the answer in ~36 hours (tomorrow daily candle close)
Invalidation? IF this thing starts to close UNDER 28000 ,then it can go a lot lower. Probably at the next fibo line which is at ~21000.This wont happen anytime soon, as we established ,31000 is support .(even if comes back down here,it wil be a BUY)
But so far so good.Things are looking good.
Note
30000-31000 was tested 100 times I expect to break down . Congrats for hexican OG`s who destroyed HDRN to.REKT.
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