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
Kijun-Sen- $3.78
HNTUSD performed well after a massive sell-off.
Any daily close above $8.50 confirms further bullishness.
HNTUSD gained more than 55% in past ten days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $4.58 and is currently trading around $4.35.
The bullish invalidation can happen if the pair closes below $2.80. On the lower side, the near-term support is $4. Any break below target $3.60/$3.
The immediate resistance stands at around $4.90. Any breach above confirms a minor pullback. A jump to $5.35/$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 with SL around $2.80 for TP of $7.
