Hello traders 🐺 .

did you remember my last idea about the HNT ?
In that idea I talked about the falling wedge formation for the HNT and I said that this price area could turn into the PRZ area (price reversal zone) and now you can see that my prediction comes into the reality and we have the very clear break out from the wedge !
Si if you already not seen my last HNT idea , you can find it in the link to Related idea down below 👇 .

let’s start with the daily chart :

In the chart above you can see that HNT currently is breaking from the wedge , but the fact is that in the daily chart we are still bearish and HNT is trading below the EMA ribbons , but in the lower time frame (4H chart) HNT is completely bullish and is above the EMA ribbons .

In my opinion to goes into the full bull mode , price should go above the previous high at the 26$ which is also the daily resistance structure , and should close a daily candle above it . but if you want to buy , you can but it right now because it’s just break the wedge pattern by the daily candle so this is the first sign of the reversal in the chart .

about the price targets of the wedge , as you know the technical target of the falling wedge is the top of the wedge and if you a mid term or long term holder , HNT could be a nice buy opportunity .

Thank you guys for reading my idea , also don’t forget to like my ideas and follow me for more support🙏.