Technical analysis by FibonaccIvo about Symbol HNT: Buy recommendation (8/20/2023)

HNT seems ready to move higher.On the weekly timeframe a trendline is forming.The weekly EMA21 just went under the current price.On the 12H it reclamed a level of support (around 1.7-1.75)This is also near the 0.382 trend-based fib-level (1.689 to be precise)Targets are on the chart. First target is 3 USDT. Followed by 3.4USDT.The 3USDT-target is confluent with the 0.091 trend-based Fib-level. I've found that to be a good level to place orders.On the lower timeframes there might be a trade around 2.5USDT.The 2.5-level is the previous Daily high.