FxWirePro- HNTUSD (Chart of the day)

Ichimoku Analysis (4 hour chart)

Tenken-Sen- $5.78

Kijun-Sen- $5.78

HNTUSD performed well after a massive sell-off.

Any daily close above $7.60 confirms further bullishness.

HNTUSD lost more than 50% after forming a minor top around $9.63. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $7.59 and is currently trading around $6.370.

The bullish invalidation can happen if the pair closes below $4.40. On the lower side, the near-term support is $5.95. Any break below targets $5.30/$4.75. Significant downtrend if it breaks $4.

The immediate resistance stands at around $7.60. Any breach above confirms a minor pullback. A jump to $8.45/$9.65 is possible. A surge past $10 will take it to $15.

It is good to buy on dips around $5.50 with SL around $4.35 for TP of $10.

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