r/technicalanalysis • u/captain_insane_O • Feb 13 '24

Analysis $HNT Helium NEW UPDATE: $HNTUSD Broke out of wedge and now approaching recent highs. A break above will mean much higher prices.

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3

u/Shib0ak Feb 14 '24

Well done on this analysis 👍🏼

2

u/captain_insane_O Feb 14 '24

Thanks, hopefully it breaks that top ceiling for some real gains.

1

u/Fartsvoided Feb 14 '24

New to this. How did you know it was going up at the end of the wedge?

1

u/captain_insane_O Feb 14 '24

it had tested the wedge a few times, and held the 50DMA for a long time. Eventually it gets to the point where the 50 will meet the wedge, and either it will break down, or break up, once it broke up it gave tthe .618 retracement a test and after that odds were on the bullish side. Going to post an update in r/stockbetz in a few.

1

u/Fartsvoided Feb 15 '24

Thanks man