HNTUSD (Chart of the day)

HNTUSD (Chart of the day)

Helium is a decentralized distributed network of Hotspots for Internet of Things (IoT) devices using the LoRaWAN system.

Helium network tweeted

Carrier Has Arrived

2 large US carriers have initiated tests to offload their traffic onto the Helium mobile network, and the results are lighting up the charts. Decentralized networks are here to support existing telcos, and the big players are in.

Ichimoku Analysis  (4 hour chart)

Tenken-Sen- $6.36

Kijun-Sen- $6.31

HNTUSD recovered after a minor sell-off.

Any daily close above $ confirms further bullishness.

HNTUSD gained more than 25% in past two days.The pair holds well above the short-term (21 and 55 EMA) and below the long-term moving average. It hit a high of $7.10 and is currently trading around $6.74.

The bullish invalidation can happen if the pair closes below $3.50. On the lower side, the near-term support is $5.50. Any break below targets $5/$4.50/$4/$3.60/$3.

The immediate resistance stands at around $7.28. Any breach above confirms a minor pullback. A jump to $8  is possible. A surge past $8 will take it to $10.

It is good to buy on dips around $6 with SL around $4.50 for TP of $10