Ichimoku Analysis (4 hour chart)
Tenken-Sen- $5.09
Kijun-Sen- $4.73
Heilum network was one of the best performers in the past week as service providers' mobile subscribers crossed 100000 for the first time since Dec 2023.
HNTUSD performed well after a massive sell-off.
Any daily close above $8.50 confirms further bullishness.
HNTUSD gained more than 80% in past two weeks. 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 $6.35. Any breach above confirms a minor pullback. A jump to $7.25/$8.20 is possible. A surge past $10 will take it to $15.
It is good to buy on dips around $4.75-80 with SL around $4 for TP of $7.