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HOOK / TetherUS

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HOOKUSDT trade ideas

HOOK/USDT Break the Descending Channel, Bullish Momentum ??Yello Paradisers, Attention Paradisers! 💎 HOOK has successfully break out of its descending channel, backed by impressive volume, and is currently in a retesting phase, aiming for further upward action. 💎 Prior to this breakout, HOOK made several attempts to breach the supply zone but was consistently rebuffed. However, just yesterday, HOOK shattered both the supply and the descending channel's resistance trendline, marked by a robust green candle. This signals bullish momentum for HOOK. 💎 Be on the lookout: this bullish narrative could be nullified if the price closes below the designated Bullish Invalidation level. Keep those charts refreshed and stay tuned for more crypto updates! 🌴
by MyCryptoParadise_Nathan
HOOK RETURNSBack to $HOOKUSDT. In the past months, all the prediction from top to bottom vice versa have been called and right now I believe according to technical analysis (Elliott Wave and Classical) we are either in a new trend entirely (long term bullish) or we are in some kind of correction (temporal bull run). Hook should start dropping from this moment at the resistance of the ascending channel to the support to complete wave C of wave X-yellow. It is too early to place an invalidation level just at the current swing high because price might still retest there even though it is expected to go down in coming days by at least 7%, however I will keep updating.
Short
by DewyCandles
🔥HOOK Is Breaking the Wedge: This Fresh Altcoin Has PotentialHooked broke the wedge. The test of the wedge will be a bullish signal and return to the wedge will be strong bearish signal. Also the test of $1.04 will be the bullish signal as well. $1.04 and 2.6 are the key resistance levels and the main targets for Hooked. As you remember guys, this is just the local targerts and it will grow much in price during the Bitcoin bull market. 💥$44M is very low cap for this altcoin on Binance like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
7
HookUSDT Descending Correction with Key Levels in SightHookUSDT remains in a corrective phase, seemingly confined within a descending channel. An immediate resistance zone is on the horizon, closely aligning with a significant trend pivot at 1.0928. Our projection suggests a touch of this zone before embarking on a descent to complete the correction's remaining leg, aiming for the BULL DEMAND ZONE. We should tread cautiously in this area. If the price persists in its downward movement, we might witness a test of the Potential Extended Bearish Target. However, it's paramount to observe the price's behavior upon reaching the immediate resistance. A breakthrough to the upside could signify a trend reversal. Always remember to trade with discretion and ensure thorough analysis. If you found this analysis helpful, please consider leaving a like. Your support is appreciated!
by weslad
5
Two entry points for HOOK with a potential profit of 55%Hello everyone! I suggest you take a look at HOOK. After a long decline, the price found its bottom around $0.71 and has been in an accumulation zone for 70 days since August of this year. Currently, on the chart, we can see that the asset has successfully broken and tested the descending trendline and further broke a strong Fibonacci level at 0.236, establishing itself above it. I see two entry points, one is riskier (but with a higher profit potential of ~79%) and the other is slightly less profitable but, in my opinion, better than the first. The first entry point is around $1.125, where one of the asset's support/resistance zones is located, along with the EMA-200 passing through. Opening a position can be considered after the price breaks and establishes itself above this level. The second entry point is at the 0.382 Fibonacci level ($1.295), entering a position after the breakout and confirmation above this level (expected profit of ~55%). This is not financial advice, and everything you do, you do at your own risk!
Long
by neverovv