FxWirePro- HNTUSD (Chart of the day)

The Helium Network which runs on represents a paradigm shift for decentralized wireless infrastructure that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.

Ichimoku Analysis (4 hour chart)

Tenken-Sen- $4.915

Kijun-Sen- $4.515

HNTUSD performed well after a massive sell-off.

Any daily close above $8.50 confirms further bullishness.

HNTUSD gained more than 65% in the past four days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $5.60 and is currently trading around $5.45.

The bullish invalidation can happen if the pair closes below $3.40. On the lower side, the near-term support is $4.80. Any break below target $4.25/$3.96. Significant downtrend if it breaks $3.40.

The immediate resistance stands at around $5.65. Any breach above confirms a minor pullback. A jump to $6/$6.56/$7.25/$8.20 is possible. A surge past $10 will take it to $15.

It is good to buy on dips around $4.80 with SL around $3.40 for TP of $7.25/$8.20.

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