HNT/USD Ichimoku Analysis: Any Daily Close Above $8.50 Confirms Further Bullishness

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Ichimoku Analysis (4 hour chart)

Tenken-Sen- $4

Kijun-Sen- $3.78

HNTUSD showed strength after a massive sell-off.

Any daily close above $8.50 will confirm further bullishness.

HNTUSD price rallied over 55% in the past ten days. The pair is trading far above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $4.58 and is now at around $4.35.

The bullish invalidation will occur if the pair closes below $2.80. On the downside, the immediate support is $4. Any break below will target $3.60/$3.

The immediate resistance is around $4.90. Any breach above will confirm a minor pullback. A rally to $5.35/$6/$6.56/$7.25/$8.20 is possible. A surge past $10 will take it to $15.

It’s a good buy on dips around $4 with SL at around $2.80 for TP of $7.

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