DigitalData

HSRBTC - Breaking Resistance & Creating New Support

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BINANCE:HSRBTC   None
All,

As you can see we have a breakout candle on HSR finally which broke resistance on the 4 hour. This should create a new support now for HSR moving forward. Also it has moved far away from the 150/200 MA. Typically these naturally want to pull back to one another. Look for reversal signs and bigger gains in the near future possibly. Also watch the lower support line. If that is broken that would be a bad bad sign for HSR.

Target 1: 0.00135
Target 2: 0.00145 (if it stops here and starts selling off I would just take profits at this point)
Target 3: 0.0016
Target 4: 0.0017
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Confirming on two hour we definitely have a resistance broken and a strong one at that. We should see higher lows starting now. If it breaks back down that would be a bad sign considering how low the coin already is.
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30 minute chart is in an uptrend and has a new channel forming. Keep an eye out!
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As you can see we still hit a downtrend. One HUGE reason for this is that BTC has not slowed down. Do not worry, because the more people dump the easier the bulls will make a run after and once BTC settles still people will buy back in. I would suggest a rebuy here to spread your purchases evenly.

I think at minimum we should see a reversal to the 0.001400+ area soon.

Factors:
-BTC Rise
-Some news suggesting mid Feb HSR will fork/update (really good for bulls)
-Almost oversold on the 6 hour regular RSI
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Falling Wedge in progress
Gains expected? As you can see from most coins once a divergence ends the price can skyrocket up much faster than it ever goes down. I would at this rate expect a big bull run around 2/22-2/24. Keep calm and just monitor HSR. Noted in the chart you can see where it could slightly drop more, but I believe overall we are at a bottom. Definitely suggest an extra buy in here if you previously bought in 11's and 12's sat area. This way if it/when it hits 13 14 sats you will make over previously what you intended by quite a bit.
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Alright here we go guys we are at the moment of truth haha. We should see the trend line broken and really after that who knows how fast it could take off. Seeing there was not a tone of resistance down you could expect the same on the way up.

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