#yodejolaflechaparaarriba
yodejolaflechaparaarriba
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#hypebuscarompermaximos
let's update the price action of $HYPE saying it’s going to pump is like saying water is wet, because that's pretty obvious, but let's break down how it’s going to do it.
I mentioned earlier that we’re in a wave 3 on hype, and after hitting $75, it had a correction that was more than justified.
So, let's check the 4h chart, it's resting again on the EMA (50), which coincides with a broad reaction zone from $67.90 to $65.38. This is the zone we can’t lose, and from where we can draw the upward arrow.
If that’s the case, we confirm the impulse, correction, continuation pattern.
The second scenario is that it loses the aforementioned zone and dips to levels between $62-$60 and $59-$56.
This scenario wouldn’t imply that hype is crashing to lows; rather, it could keep the price oscillating in a massive sideways range from $55-$70.
"Remember, trading is the art of speculation"
#yodejolaflechaparaarriba
let's update the price action of $HYPE saying it’s going to pump is like saying water is wet, because that's pretty obvious, but let's break down how it’s going to do it.
I mentioned earlier that we’re in a wave 3 on hype, and after hitting $75, it had a correction that was more than justified.
So, let's check the 4h chart, it's resting again on the EMA (50), which coincides with a broad reaction zone from $67.90 to $65.38. This is the zone we can’t lose, and from where we can draw the upward arrow.
If that’s the case, we confirm the impulse, correction, continuation pattern.
The second scenario is that it loses the aforementioned zone and dips to levels between $62-$60 and $59-$56.
This scenario wouldn’t imply that hype is crashing to lows; rather, it could keep the price oscillating in a massive sideways range from $55-$70.
"Remember, trading is the art of speculation"
#yodejolaflechaparaarriba
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