Technical analysis by AlanSantana about Symbol HT: Buy recommendation (11/26/2022)

Huobi Token ( HTUSDT ) is entering a new cycle after breaking out of a major downtrend. This downtrend went on for 546 days and seems to be at its end. We can see the weekly candle now challenging MA200 at $6.7795. Moving and staying above this level would definitely put the bulls in control of this chart. After this level is conquered all bets are off. Looks like Huobi Token is getting ready to start a new uptrend; a new cycle... Long-term growth. Note: Confirmation is still needed... The bullish cycle is getting close though. Namaste.