(Humaniq) HMQ Analysis: What Goes Around Comes Around

4 янв. 2018 г.

Humaniq (HMQ-BTC) may be repeating itself.

See the blue channels on our [1-hour] chart? Don't they look similar?

How about the double-bottom formation followed by the ramp up that occurred twice +1600 SAT (the length of the two green parallel lines, of course) to a level where it's found resistance in a similar fashion?

MACD - bullish, we're in the clear (higher lows)
RSI - bearish, market momentum has decreased only slightly, that's okay because price is still dropping toward our major support (yellow bubbles)

5 minute zoomed in chart also showing bullish signs in MACD

**Check below for details on [5-min] chart**

Entry:
3200 SAT

Targets:
[1] 4800 SAT - +33% Profit
[2] 5500 SAT - +13% Profit

Stop-Loss:
3000 SAT - -5% Loss


If we see the price break under the lower major support, then it may be our cue to cut our losses short and exit. We'll check back in a few hours to see if the price has found support at this support line.

Happy Trading Folks!