QubitLife

HNTUSDT: Possible Long (25.11.2020)

On D1, the price is steadily rising, setting new highs. RSI reached overbought level, however no divergence was formed between price and indicator.

On H4, you can clearly see how the price began to correct in the local correction. RSI is declining and is about to reach the overbought level. In addition, a number of Fibonacci support levels have formed.

We recommend buying HNTUSDT from the H4 trend-line and Fibonacci support levels in order to hold the position up to $ 2 and above.

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